Tax

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

Significant changes to tax incentives

Thailand has been a participant in the inclusive framework on base erosion and profit shifting (BEPS) since 2017. Participating in the inclusive framework means that Thai laws must be reviewed by other member countries to ensure that they are adequately prepared.

Update on the draft transfer pricing law

In our tax update for August 2018, we noted that the government submitted a draft act amending the Revenue Code in regard to transfer pricing to the National Legislative Assembly for consideration. The National Legislative Assembly approved the draft transfer-pricing law on 27 September 2018, and the final law is expected to be enacted shortly.

Update on the draft transfer-pricing law

In our tax article for January 2018, we noted that the Cabinet approved a draft transfer-pricing law on 3 January 2018. Recently, the government submitted the draft act amending the Revenue Code on transfer pricing (“the draft Act”) to the National Legislative Assembly for consideration. Most of the content of the draft Act remains the same as the version passed in a public hearing held by the Revenue Department last year.

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