On 24 September 2024, royal decrees no. 788 and 789 issued under the Revenue Code were published in the Royal Gazette, granting tax exemptions for digital assets.
Cabinet approves extension of 7% VAT rate for another year
On 17 September 2024 the Thai cabinet approved in principle a draft royal decree issued under the Revenue Code to extend the 7% VAT rate to September 30, 2025, for the sale of goods, the provision of services and imports.
Thai Revenue Department rules on companies’ relationship based on common shareholding
Thai Revenue Department rules on company relationships based on common shareholding. Article by Amit Bhalla & Andrew Jackomos of HLB Thailand in ITR.
Improved tax incentives for investment in Thai ESG Funds approved by cabinet
On 30 July 2024 the Thai cabinet approved in principle a Draft Ministerial Regulation proposed by the Ministry of Finance to improve the personal income tax incentives for investment in Thai ESG funds.
Cabinet Approves Tax measures to promote the return of Thai nationals working abroad
On 30 July 2024, the Thai Cabinet approved tax measures proposed by the Ministry of Finance to support Thai nationals working abroad to return to work in the country.
Two-pillar framework: how is Thailand gearing up?
Amit Bhalla and Urika Solano of HLB Thailand provides an update on Thailand’s progress towards implementation of BEPS 2.0 and explains why governmental agencies and multinational enterprises should undertake comprehensive reassessments
Thailand’s foreign income tax changes now in force
Thailand’s Revenue Department has revised its approach to taxing foreign income received by tax residents. Paul Ashburn of HLB Thailand summarises the changes
New tax measures to stimulate real estate sector
On April 9, 2024 the Cabinet approved new real estate stimulus measures proposed by the Ministry of Finance, including reduced registration and transfer fees for properties not exceeding Baht 7 million in value.
Thailand offers Incentives to attract world-class events; expands PCB manufacturing incentives
Thailand’s Board of Investment (BOI) has approved incentives to encourage investment in organizing world-class events in Thailand, such as large international concerts, sporting activities, and festivals.
Revenue Department commences public consultation on Pillar Two – GloBE Rules
Thailand’s Revenue Department has published the principles of a draft law to support a global minimum tax based on the Pillar Two Global Anti-Base Erosion (GloBE) Model Rules and invited stakeholders to provide their input by 15 March 2024.
