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Recent Newsletter

Special Tax Rate to promote Electric Vehicles Production

6 April 2017

Mr. Uttama Savanayana, Ministry of Industry stated that the Cabinet meeting resolved to approve the measures to promote electric vehicles production in Thailand by reducing the excise rate. Excise tax rate for hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV) will be reduced by half of the normal rate whereas excise tax rate […]

Tax Measures to help and rehabilitate flood victims in the Southern Thailand

6 April 2017

On 28 March 2017, the Cabinet resolved to approve the draft Ministerial Regulation No. .. (B.E.. ….) issued under the provision of the Revenue Code on Revenue Tax Exemption (Measures to help and rehabilitate flood victims in the Southern Thailand) which has been considered and approved to proceed. The material content of the draft is […]

Tax evasion and tax fraud over 10 million baht are serious money laundering offences

6 April 2017

On 1 April 2017, The Government Gazette distributed the Revenue Code Amendment Act (No. 45) B.E. 2560 to prescribe that taxpayers who have committed tax evasion, tax fraud over 10 million baht or requesting tax refund by false information, fraud, artifice, or other similar nature more than 2 million baht and taxpayers who have collaborated […]

BOI issued measures to boost investment in 3 provinces to prepare for EEC

6 April 2017

Mrs. Hirunya Suchinai, Secretary General, The Board of Investment (BOI) stated that General Prayut Chan-o-cha, Prime Minister as the Chairman of BOI, had signed the Notification of The Board of Investment No. 4/2560 re: Investment Promotion Measures for Eastern Economic Corridor Development Zone, to promote investment in target industries using advanced technology and innovation in […]

BOI to enhance the competitiveness of industries through 15 years CIT exemption and R&D Fund

6 March 2017

On 13 February 2017, Mrs. Hirunya Suchinai, Secretary-general of The Board of Investment (BOI) said that His Majesty King Maha Vajiralongkorn Bodindradebayavarangkun proclaimed the adoption of the National Competitive Enhancement Act for Targeted Industries B.E. 2560 (2017), in the Government Gazette. The Act shall take effect on 14 February 2017. The above act aims to […]

The Customs Department extends the voluntary tax audit until the end of 2017

6 March 2017

Mr. Chaiyuth Khankhun, Deputy Director General of the Customs Department said that The Customs Department has initiated the “Voluntary Tax Audit for Operators” where the authority will send a notice to operators who have acted in good faith but failed to pay the complete amount of taxes so that they can conduct a self-check according […]

Tax Exemption for Employment of Elder Persons

6 March 2017

The Royal Decree issued under the Revenue Code re: Exemption from Revenue Taxes (No. 639) B.E. 2560 exempts corporate income tax for the net profit to companies or juristic partnerships which hires elder persons aged older than 60 years. The wages paid to elder persons can be deducted as the expenses in the addition to […]

Guideline on Prohibiting Claim of Criminal Fines and Tax Surcharge as Expenses

6 March 2017

On 9 March 2017, The Board of Taxation issued an announcement of the Board’s ruling No. 40/2560 re: Tax fines and Surcharges and Criminal Fines under Section 65 quarter (6) of The Revenue Code for clarity and consistency with the judgment of The Supreme Court that ruled on fine and/or surcharge, criminal fine, income tax […]

Matter for Tax Consultation: Withholding Tax and VAT for Frozen Food Transport Business

6 March 2017

Under the agreement for transport of frozen fish and seafood products, the company was to supply refrigerated trucks with temperature control as specified to preserve the conditions of the employee’s products during transport. The company received service fees for transport and related expenses incurred from the point of transport to the destination specified in each […]

Tax Incentives for New Startups

6 February 2017

On 27 January 2017, The Government Gazette published The Royal Decree issued under the Revenue Code re: Exemption from Revenue Taxes (No. 630) B.E. 2560 to exempt corporate income tax to juristic persons whose paid up capital is no more than 5 million Baht, earns no more than 30 million Baht which are registered during […]