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.

Requirement for electronic payment of tax liability for tax returns filed electronically

On 17 June 2020, Notification of the Director-General of the Revenue Department No. 17 (“Notification No. 17”) was issued to set out rules, procedures, and conditions for filing tax returns and paying a tax liability electronically.

Read more

Deduction of three times wage expenses

In March 2020, the Cabinet approved several tax measures to help boost the economy during the COVID-19 outbreak. One of those tax measures was a deduction of three times wage expenses for employers. On 24 June 2020, the Revenue Department issued further clarification regarding this deduction.

Read more

Tax incentives for donations to support education extended

On 2 June 2020, the Cabinet approved a draft Royal Decree to extend the period for granting tax incentives related to donations to support education.

Read more

VAT imposed on e-services

On 9 June 2020, the Cabinet approved a draft act amending the Revenue Code to impose VAT on foreign-based operators that provide services to customers not registered for VAT in Thailand through an electronic media or digital platform.

Read more

Deadline for submitting transfer-pricing disclosure form extended

In order to encourage companies that must submit a transfer-pricing disclosure form to do so electronically, the Minister of Finance issued a notification announcing the extension of the deadline for electronic submission by another 8 days.

Read more