Income Tax Exemptions in Thailand
There is an announcement of a Royal Decree (“RD”) giving income tax exemptions in Thailand. This is applicable to all investments in target businesses. Noteworthily, this RD is part of ongoing government efforts to encourage social and scientific growth. The Revenue Decree Governing Exemption of Taxes and Duties (No. 750) B.E. 2565 (2022) went into […]
Income Tax in Thailand for Foreigners: Recent Updates
If you are a foreigner living and earning in Thailand, you become liable to pay income tax as per Thai Accounting and Taxation regulations. This article intends to provide you with the most recent updates on Income Tax in Thailand for Foreigners. Read and know all about the recent tax slabs, deductions, double taxation treaties […]
Do you know Corporate Income Tax in Thailand is restructured for 2021?
The Thailand Board of Investment is very strict and particular about payment of Corporate Income Tax in the scheduled parts of the year. But in spite of the stringent guidelines, the Finance Ministry of Thailand has formulated few relaxations in the process. It is because Royal Thai Government is compassionate towards businesses facing tremendous adverse […]
Are You Obliged to Pay Withholding Tax in Thailand?
Any Thai company that pays taxable income to companies or individuals is obliged to withhold income tax depending on the provision of the Revenue Code of Thailand and remit the same to the Revenue Department. Below mentioned are the situations when you need to pay a withholding tax in Thailand; If You are Individual Taxpayer […]
Find Out If You Need to Pay Income Tax in Thailand
If you are living and earning income in Thailand you must have your own tax ID number. You can get it from the tax office by showing your passport or ID card. Also, you need to prove the reason behind the need for the number. There are English staff for ex-pats who will assist you […]
