The Ministry of Finance has issued a notification prescribing the penalty settlement criteria under Section 31 of the Emergency Decree on the Exchange of Information for Compliance with International Agreements on Taxation B.E. 2566 (2023).
Mapping the profits: why value chains dictate modern transfer pricing
Amit Bhalla and Anchalee Singh of HLB Thailand explain how value chain analysis helps align transfer pricing outcomes with value creation, supporting functional analysis, documentation, and compliance
Thailand’s Commitment to Global Tax Transparency Advances with GloBE MCAA Signing
The move signals Thailand’s commitment to adhere to international tax standards, in support of its goal of becoming a future member of the OECD
Thailand Revenue Department Allows Electronic Display of VAT and SBT Registration Certificates
Thailand’s Revenue Department now permits VAT and Specific Business Tax registration certificates to be displayed electronically, reducing administrative burdens and supporting digital compliance.
OECD Proposes Revisions to Transfer Pricing Guidelines on Intra-group Services
The OECD is proposing to update and modernise its Transfer Pricing Guidelines governing intra-group services.
Cabinet approves 1 year extension of 7% VAT rate until 30 September 2027
On 27 July 2026 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, 2027
Cabinet approves extension of tax measures to end of 2027 to promote adoption of electronic tax systems
The Thai Cabinet has approved proposals from the Ministry of Finance to extend tax measures to promote businesses to invest in electronic tax systems that expired on 31 December, 2025.
Thailand to implement exchange of GloBE Information by December 2027
The Thai Cabinet resolved on June 16, 2026 to approve Thailand’s accession as a party to the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GloBE MCAA).
Personal Income Tax Deductions and Allowances in Thailand for 2025: What You Need to Know
Navigating Thailand’s personal income tax system and the range of deductions and allowances available can be challenging. Every year new deductions are being introduced, which come with their own set of rules and requirements.
How OECD commentary update impacts taxation of remote working arrangements in Thailand
The OECD has released an update to its Commentary on the Model Tax Convention, introducing changes concerning the concept of permanent establishment and the impact of remote working arrangements.