Qualifying employees will be eligible to pay a flat personal income tax rate of 17% on employment income whilst employers will receive a 150% corporate income tax deduction for the salary costs of the employee.
Thai ESGX Fund tax measures approved
On 11 March 2025 the Thai Cabinet approved in principle a draft Ministerial Regulation proposed by the Ministry of Finance to provide tax benefits to support the establishment of a special Thai Sustainable Mutual Fund (Thai ESGX).
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
Thai cabinet approves carbon tax
Thailand approves a carbon pricing mechanism in excise tax on oil, starting at ฿200/ton CO2, aiming to raise awareness and promote sustainable development.
10% corporate tax rate for targeted businesses in special economic zones approved
On 13 January 2025, Thailand’s cabinet resolved in principle to approve a reduction of the corporate income tax rate to 10% in respect of profit generated from targeted businesses operated in Thailand’s special economic zones.
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.
New tax law implemented to collect global minimum tax of 15% effective from 1 January 2025
On 26 December 2024, the Emergency Decree on Top-up Tax was published in the Royal Gazette to support the collection of a global minimum tax of 15% from large multinational enterprises. The new law is based on the Pillar Two Global Anti-Base Erosion (GloBE) Model Rules.
Easy E-Receipt 2.0 personal tax deduction campaign for 2025 new year
Easy E-Receipt 2.0 personal tax deduction campaign for 2025 new year: To help stimulate Thailand’s economy, on 24 December 2024 the cabinet resolved in principle to approve a personal income tax deduction of up to THB 50,000 for qualifying goods and services purchased from 16 January 2025 to 28 February 2025 supported by electronic tax invoices (e-Tax invoice) or receipts (e-Receipt).
