Amit Bhalla and Dean Rangel of HLB Thailand explore how rising global tariffs are disrupting transfer pricing arrangements, tested party selection, and benchmarking, with Thailand’s manufacturing sector facing increased pressure under shifting supply chains
Thailand’s Board of Investment Prepares to Introduce Pillar 2 Refundable Tax Credits
Thailand’s Board of Investment (BOI) has announced that Thailand will introduce Qualified Refundable Tax Credits (QRTCs) to mitigate the impact of tax laws to support the collection of a global minimum tax of 15% from large multinational enterprises that took effect from the beginning of this year
Scanning intragroup royalty payments through the lens of the OECD’s BEPS projects
Andrew Jackomos and Amit Bhalla of HLB Thailand examine how evolving global tax standards are reshaping the treatment of intragroup royalty payments and driving stricter compliance and documentation requirements
Investment promotion measures approved for data centers, SMEs and tourism
On 19 May 2025, Thailand’s Board of Investment (BOI) approved new conditions and benefits for promotion of investment in data centers, as well as measures to promote and support local small and medium size enterprises (SMEs)
Thai Revenue Department Drafts Foreign Income Remittance Tax Relief
Thailand’s Revenue Department is drafting legislation that would ease the tax burden for Thai tax residents remitting foreign-sourced income back into the country.
Navigating Split Contracts and Withholding Tax for Contractors in Thailand
Paul Ashburn and Radapak Arthapridi of HLB Thailand say splitting contracts to separate labour from materials may not avoid withholding tax being applied to the goods provided, based on a ruling by the Thai Revenue Department
Thailand’s income tax laws recognise same sex marriages
The Revenue Department issued a Notification on 6 February 2025 in response to the enactment of the Civil and Commercial Code Amendment Act (No. 24) B.E. 2567, commonly known as the Marriage Equality Act.
Thailand enacts law to support the collection of 15% global minimum tax
Paul Ashburn and Anna Selina De Vera of HLB Thailand say the decree underlines the country’s commitment to pillar two implementation as Thailand aims to become one of the first two Southeast Asian countries to join the OECD
LTR visa improvements approved by cabinet
Thailand’s Board of Investment (BOI), the agency in charge of screening applicants for Thailand’s long term resident (LTR) visa program launched in September 2022, recently presented the cabinet with a progress report on the implementation of the economic and investment stimulus measures to attract high-potential foreigners to Thailand (LTR Visa measures) and the problems and obstacles in implementing such measures.
Thailand’s foreign income tax changes now in force
Thailand’s Revenue Department has revised its approach to taxing foreign income received by tax residents. Paul Ashburn of HLB Thailand summarises the changes
