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 […]
Invest In Thailand to Benefit from New Economic Strategy
The new economic strategy of Thailand tends to be more “green” and addresses “overpopulation,” implying a policy shift from the first junta government led by the PM, as well as the early months of this government when steps to raise the country’s birth rate were announced. The new plan, which is based on Thailand’s 4.0 […]
Should You Pay Corporate Income Tax in Thailand?
It is usually paid by partnerships and limited companies carrying on business in Thailand or earning income from activities in Thailand. The entities include the Thai company, a foreign company with a permanent establishment, and a foreign company without a permanent establishment. So, what does a permanent establishment entail? It includes an office, branch, or […]
Will Specific Business Tax be Added in Your Corporate Income Tax Calculation?
Could be, if your company specializes in finance, real estate, sale of life insurance policies, sales of securities on the Stock Exchange of Thailand, commercial banking, or pawnshop! However, selling of immovable properties may apply to companies or individuals in Thailand. Even though there are some exceptions are applicable, the majority of the sales are […]
Can You Hire Foreigners to Work in Your Company?
Of course! But then your eligibility comes down to the registered capital, which is having 2 million baht as that will let you employ a foreign national. Besides, a further 2 million baht each person will be required in order to hire up to 10 people. However, in order to let the foreigner work in […]
Do You Need to Hire a Professional to File Corporate Income Tax in Thailand?
Why not? Not doing that may trouble you, especially when you have a newly set up business. There are so many things that you need to look at when it comes to carrying out daily business operations. And if your enterprise large enough, then also doing it all by yourself is not feasible. Turning to […]
How Corporate Taxes are Calculated in Thailand
Three important things you must consider when you are to file CIT in Thailand such as; 50% of the calculated income tax is paid by the end of the eighth month. A return should be filed followed by the audited financial statement. On failing to pay the tax 20% of the deficit must be fined. […]
You Must Know Everything about Corporate Income Tax in Thailand
So What You have a Tax Expert by Your Side? You Must Know Everything about Corporate Tax in Thailand… Sure, you always find a tax expert to assist you. But depending on anyone blindly may not be a wise thing to do for your business. You must be equally aware of the corporate taxes in […]
Do You Have A Company Carrying on Business in Thailand? You may Claim Tax Return in Thailand
Do You Have A Company Carrying on Business in Thailand? You may Claim Tax Return in Thailand But for that the first and foremost thing that you need to do is ensure flawless accounting as then you can avoid legal hassles during auditing, avail tax benefits by submitting accurate reports and focus more on your […]
How to apply for BOI merit-based incentives in Thailand? – Board of Investment
How to apply for BOI merit-based incentives in Thailand? Wondering how to apply for BOI merit-based incentives? Here’s how you can get it done. But before that, you must know properly what it is. Merit-based incentives are privileges considered for the grant by the Thai Board of Investment. Such incentives have been introduced to encourage […]
