The Revenue Department has issued a Notification of the Director-General of Revenue on Stamp Duty No. 54, effective from 4 April 2015. This Notification expands the scope of dutiable instruments for which duty must be paid by cash, instead of affixing stamps.
Keywords: Mazars, Thailand, Tax, Stamp Duty, Revenue Department
16 April 2015
As a result, notable instruments for which stamp duty must now be paid by cash include:
1. Agreement for lease of land, building, other construction or floating house for which the rental fee for the entire lease period is Baht 1m or more;
2. Agreement for lease of land, building, other construction or floating house for which the registration to the officer under the land law is required; and
3. The hire-of-work service agreement for which the service fee is Baht 1m or more.
Please note that if the instrument is executed outside Thailand it is not subject to stamp duty until the instrument is brought into Thailand. A duplicate of the agreement shall be subject to stamp duty of Baht 5. A photo copy of the agreement is not subject to stamp duty. Failure to pay the stamp duty may be subject to a maximum surcharge of six times the amount of duty payable. If the stamp duty on the instrument is not duly paid, the instrument cannot be used as evidence in a civil court case.