On 9 December 2022, Thailand became the 95th country to sign the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports.
Tax implications of remote working in Thailand
While the idea of working remotely in Thailand is definitely appealing, it is important to be aware of the local tax regulations to avoid the risk of incurring additional tax obligations.
Tax benefits for long term resident (LTR) visa holders
There are many privileges provided to LTR visa holders. For Highly-Skilled Professionals, these privileges include a low personal income tax rate of 17%.
Local compliance challenges of centralised accounting and tax functions
A shared service centre (SSC) is any centralised base of operations that takes over a role that was previously done by multiple localised departments.
2022 Thailand Property Tax Update
The Ministry of Interior has issued a notification dated 22 June 2022 to extend the deadlines for payment of property tax for the 2022 year by 3 months.
Additional tax deductions approved for company training seminars held in the provinces
A double deduction will be allowed for training seminars held in second-tier provinces or other tourist areas and a 150% deduction allowed for training seminars in other provinces..
Deadlines extended for filing transfer pricing disclosure forms and reports
The deadline extensions include extension of the deadline for filing of the 2020 transfer pricing disclosure form to 30 May 2022.
2022 Filing Deadlines Update
Summary of latest filing deadlines for 31 December 2021 tax returns and financial statements.
2022 Property Tax Update
We summarise the recent tax policy changes in Thailand in response to the pandemic, affecting real estate owner and buyers.
Libor ends in 2021 – Have you considered the impact on your transfer pricing?
In our latest article for International Tax Review, Andrew Jackomos and Rohit Sharma discuss the end of LIBOR, its impact on transfer pricing and the issues requiring immediate attention for a smoother transition into the post-LIBOR era.