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.

Draft law on the taxation of digital assets

On 13 March 2018, the Cabinet approved a draft law on the taxation of digital assets. The objective of the draft law is to cause taxpayers deriving income from digital assets, and digital asset business operators, to pay tax fully and correctly under the Revenue Code, as there is currently no definition of digital assets in the Revenue Code, nor has the Revenue Code yet defined what type of income that derived from digital assets is or the withholding tax implications for income derived from digital assets.

VAT on foreign e-commerce business

In January 2018, the Revenue Department published a draft VAT bill on its website for public discussion. The bill proposes imposing VAT on foreign-based operators that provide services to customers not registered for VAT in Thailand through an electronic media or digital platform.

Tax Issues that the New Year Brings

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?

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