There has never been a better time to invest in Thai Real Estate. Many people wish to dobusiness in Thailandand if undaunted by the Thai company formation rules, these people often become squeamish at the thought of the Thai tax structure. Thailand tax registration is often misunderstood, but...
In a recent decision, Thailand’s Joint Public-Private Consultative Committee will reform the tax structure for small and medium-sized enterprises (SMEs), which are currently taxed at a CIT rate of 20 percent. Thailand defines an SME as any business with an annual turnover of not more than ...
This paper examines the role of three main revenue authorities of Thailand in tax simplification for the operation of a tax system. Secondary data analysis and semi-structure interview from a variety of level of tax officials are used for data collection. It is found that three main departments...
As with any other tax structure, the place of effective management of a company remains of utmost importance, so you cannot just place a company in a low-tax jurisdiction and move to Portugal to obtain tax-free dividends. There should be a strong reason for the company to be placed in th...
Thailand’s New Personal Income Tax Structure Comes Into Effect In the figure below, we compare PIT tax brackets in individual member states. To help readers understand how these rates fit into the context of these countries’ wage structures, we have also included the GDP per capita of differe...
Thailand has signed Double Taxation Agreements (DTA) with over 60 countries. Thailand’s DTA generally follows the OECD model treaty and provides relief
V. Tanzi. The aim of the paper is to describe and discuss the main features of Thailand's fiscal system and its recent and underway reforms. Firstly, the current structure of the system and its development from 1992 to 2002 is considered. The total fiscal pressure is relatively low (almost...
In any long term land lease structure in Thailand it is recommended for the foreigner to have separate ownership over the structures (lease the landown the house). Not only will this improve the rights towards the land it reduces tax liabilities. ...
Update Sep 2023 This blog explains about e-withholding tax in Thailand and SAP solution for e-withholding tax including additional customizations that you need to
registered under Thai law, to another Thai limited company or to a company registered under the law governing the Stock Exchange of Thailand may be exempt from corporate income tax, if the holding of the shares in the payer company is in compliance with conditions prescribed in the Revenue Code...