The Revenue Department has issued a notice on the documentation and evidence required to support the pricing of related party transactions.
Latest tax return filing deadlines – August 21 update
The Revenue Department has announced more deadline extensions for e-filing of tax returns due in the upcoming months.
Latest tax return filing deadlines – July 21 update
We summarise the latest filing deadlines for company mid-year tax returns and for monthly VAT and withholding tax returns in the upcoming months.
Revenue Department issues VAT guide for foreign e-service providers
The guide is in English and provides detailed information about VAT on electronic services provided to non-VAT registrants in Thailand by non-resident service providers.
COVID-19 delays Thailand’s tax reform plans
Paul Ashburn of HLB Thailand writes for International Tax Review on Thailand’s tax restructuring plans for 2022–2026.
As the hospitality industry struggles, taxes are knocking on the door
One of the long-term effects of the pandemic – besides the business effects that vary between different activities in the hospitality industry – are the tax consequences that result from the dramatic changes due to COVID-19.
OECD Guidelines for Transfer Pricing during the COVID-19 Pandemic in Thailand
Taxpayers and tax administrators around the world are grappling with the unprecedented impact the COVID-19 pandemic is having on transfer pricing arrangements.
On 18 December 2020, the OECD published the much-awaited “Guidance on the transfer pricing implications of the COVID-19 pandemic”.
The Guidance represents the consensus view of the 137 members of the OECD’s Inclusive Framework on base erosion and profit shifting (BEPS) regarding the application of the arm’s length principle and the OECD Transfer Pricing Guidelines to transfer pricing issues in the context of the COVID-19 pandemic.
Foreign e-service providers liable to VAT in Thailand starting 1 September 2021
Starting from September this year, foreign e-commerce businesses will be liable for VAT on services provided to customers in Thailand that are not VAT registrants. In addition to boosting VAT collections, the law aims to create a level playing field for domestic and foreign operators providing services online to Thai customers.
Transfer Pricing documentation and adjustment rules clarified
The Director-General of the Revenue Department has issued a notification clarifying the transfer pricing documentation that taxpayers should maintain.
Online filing of Transfer Pricing disclosure forms now mandatory
The Director-General of the Revenue Department has issued a notification making it mandatory for companies to submit their transfer pricing disclosure forms online unless they have reasonable grounds for filing a paper form.
