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.
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.
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.
