Tax Section - Doing Business

You will find here a series of summaries providing an overview of useful tax regulations, processes and tax issues for Doing Business in Thailand.

Tax treatment of employee termination payments

When an employee has his employment terminated, he may receive various types of payments as part of a severance package.

Read more

Update on cancellation of tax incentives

The Thai Cabinet approved three draft Royal Decrees to cancel all tax incentives provided under the Regional Operating Headquarters (ROH), International Headquarters (IHQ) and International Trading Centre (ITC) regimes on 26 March 2019.

Read more

Tax implications of New Year’s gifts and events

It is common at this time of year to give gifts to your employees or customers, to hold a party or to take your employees on a trip. But what are the tax implications? Are you treating the personal income tax, VAT or corporate income tax correctly?

Read more

Transfer-pricing disclosure form

On 7 November 2019, a Notification of the Director-General of the Revenue Department was issued to specify a form for reporting information about companies or legal partnerships that are related, and the total value of transactions between them during an accounting period. This form can be printed from the Revenue Department website for filing together with the annual corporate income tax return (Form PND. 50), commencing from accounting periods beginning on 1 January 2019.

Read more