On 9 September 2025 the Thai cabinet approved in principle a draft royal decree to be issued under the Revenue Code to extend Thailand’s 7% VAT rate for another year to September 30, 2026.
5 year personal income tax exemption for digital asset sales
Ministerial Regulation No. 399 issued under the Revenue Code grants an exemption for capital gains made from the sale of cryptocurrencies or digital tokens for 5 years, commencing from 1 January 2025 and ending on 31 December 2029.
New Notification on the tax incentives to promote the return of Thai nationals working abroad
The Notification requires Thai nationals eligible to pay personal income tax at the rate of 17% to submit personal income tax return Por.Ngor.Dor. 95 detailing the eligible assessable income and to retain supporting documents demonstrating educational qualifications and work experience.
Tariffs and transfer pricing: the friction ramps up
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
Cabinet Approves Personal Income Tax Exemption on Capital Gains from Sale of Digital Assets
Thai Cabinet has approved in principle a draft Ministerial Regulation proposed by the Ministry of Finance to exempt capital gains made from the sale of digital assets from personal income tax for five years.
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.
Tax incentives to promote the return of Thai nationals working abroad now law
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.
