A-Z Facts Of Thailand’s 2025 Global Minimum Tax
Samuel, a British investor, was eager to expand his 25-year-old gem and jewelry business into Thailand. Confident in his firm’s tax-compliant operations, he planned to shift the operations by January 2025. However, his excitement turned to shock; when he learned about Thailand’s 2025 global minimum tax. Under ‘Pillar Two’ of the OECD’s Base Erosion and Profit […]
How to File Withholding Tax in Thailand?
Thailand, a globally recognized destination for businesses and investors, holds a distinctive tax landscape including withholding tax. Comprehending this tax is paramount for companies and investors looking to establish a presence in Thailand. Withholding tax, a tax deducted at the source of income can be a complex concept for those unfamiliar with the country’s tax […]
Income Tax for Foreign Business in Thailand
As a foreign investor or company in Thailand, it is essential for you to know about the income tax obligations in the kingdom. We all know that the Royal Thai government offers various tax and non-tax incentives to foreign investors. Therefore, unless you do your tax planning, you will never be able to assess whether […]
PND 51 in Thailand: Half Yearly Tax Filing
It will soon be time to file your company’s semi-annual tax return (HALF YEAR REPORT) or Por Ngor Dor 51 (PND 51) in Thailand. If your business formation was in 2023 or before, and you choose the December 31 accounting period, your semiannual return is due on Wednesday, August 31, 2023. You will be liable […]
Incentives for Investments in Local Startups in Thailand
Thailand is providing tax incentives for investments in 12 different industries. This article intends to provide you with all the details that you must know before investing in local startups in Thailand. The information comprises the eligibility requirements, targeted industries, and tax incentives. The Thai cabinet granted Income Tax exemptions for investments in Thai startups, […]
What is Statutory Audit in Thailand?
Audits which are strictly in compliance with Thai Auditing Standards are Statutory Audit in Thailand. It is mandatory for both Thai and Foreign businesses earning profit in Thailand to go for this audit. In Thailand, qualified experts execute the functions of Statutory Auditors for companies with headquarters elsewhere. These experts must be Certified Public Accountants […]
Tax Incentives in Thailand based on Business Location
If you are doing business in Thailand, your business may be eligible for various types of Tax Incentives. You should also know about the tax incentives in Thailand, even if you are thinking of Business Registration in Thailand. This article intends to summarize the tax incentives in Thailand on the basis of location of your […]
VAT Exemption in Thailand: Is Your Business Eligible?
The Revenue Department of Thailand regulates and monitors taxes in Thailand. An individual or a juridical person must handle and pay a variety of taxes. These Tax Regulations are very stringent, but there are few flexibility as well. VAT Exemption in Thailand is one of such relaxations. The Royal Thai Government keeps on upgrading it […]
Double Tax Agreement in Thailand for Foreigners
Foreigners can benefit greatly from the Double Tax Agreement in Thailand. It is true that the Thailand Board of Investment grants special tax and non-tax benefits for foreign business units. Moreover, this can be another added advantage. Therefore, the goal of this article is to give you an overview of Thailand’s double tax treaties. Moreover, […]
Taxation in Thailand: Know the Tax Traps
For many businesses, looking for prospects outside of their own country is a natural part of the growth process. Businesses can boost sales and profits by expanding their markets. Additionally, it is also possible by interacting with new clients while reducing risk by not relying on a single market. Along with the opportunities, the taxation […]
