The Revenue Department has issued an instruction changing its interpretation of the taxation of foreign income remitted into Thailand by personal taxpayers, effective from 1 January 2024.
7% VAT rate set to continue
To relieve the burden of living expenses and build confidence in the business sector, the Thai Cabinet resolved to approve the extension of the 7% VAT rate
Navigating the tax implications of working remotely in Thailand
Paul Ashburn and Anna Selina De Vera of HLB Thailand say new tax legislation may be needed for Thailand to cement its attractiveness as a remote working base and build on the long-term resident visa scheme.
Enhancing International Tax Transparency on Real Estate
At the behest of the Indian G20 Presidency, the OECD has compiled a comprehensive report into the status of tax transparency for foreign-owned real estate.
Thailand transfer pricing rules for secondary adjustments
Paul Ashburn and Amit Bhalla of HLB Thailand discuss the approach to ‘secondary adjustments’ under Thailand’s transfer pricing regulations.
Thailand signs Multilateral Agreement on Exchange of Country-by-Country Reports
On 9 December 2022, Thailand became the 95th country to sign the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports.
Tax implications of remote working in Thailand
While the idea of working remotely in Thailand is definitely appealing, it is important to be aware of the local tax regulations to avoid the risk of incurring additional tax obligations.
Tax benefits for long term resident (LTR) visa holders
There are many privileges provided to LTR visa holders. For Highly-Skilled Professionals, these privileges include a low personal income tax rate of 17%.
Local compliance challenges of centralised accounting and tax functions
A shared service centre (SSC) is any centralised base of operations that takes over a role that was previously done by multiple localised departments.
2022 Thailand Property Tax Update
The Ministry of Interior has issued a notification dated 22 June 2022 to extend the deadlines for payment of property tax for the 2022 year by 3 months.
