On 6 February 2024 the Cabinet resolved to approve in principle a draft law to extend a VAT exemption for the sale of cryptocurrency and utility tokens through licensed digital exchanges
Reduction of property transfer fees and mortgage fees to promote home ownership extended for another year
Two ministerial regulations have come into effect to extend lower registration and transfer fees for the transfer and mortgage of real estate for another year, for both new and second-hand residential properties with a value not exceeding 3 million baht.
Attention Shoppers: Easy E-Receipt personal tax deduction campaign for 2024 new year
To help stimulate the economy, a personal income tax deduction of up to THB 50,000 may be claimed for the purchase of qualifying goods and services from 1 January 2024
Employers must submit payroll tax returns via electronic channels only starting January 2024
Thailand advances towards 100% Digital Tax Ecosystem by 2028 via Revenue Dept. Notification No. 438, mandating e-filing for personal income tax by employers.
New rule for taxation of foreign income from 1 Jan 2024
The Revenue Department has issued an instruction changing its interpretation of the taxation of foreign income remitted into Thailand by personal taxpayers, effective from 1 January 2024.
7% VAT rate set to continue
To relieve the burden of living expenses and build confidence in the business sector, the Thai Cabinet resolved to approve the extension of the 7% VAT rate
Navigating the tax implications of working remotely in Thailand
Paul Ashburn and Anna Selina De Vera of HLB Thailand say new tax legislation may be needed for Thailand to cement its attractiveness as a remote working base and build on the long-term resident visa scheme.
Enhancing International Tax Transparency on Real Estate
At the behest of the Indian G20 Presidency, the OECD has compiled a comprehensive report into the status of tax transparency for foreign-owned real estate.
Thailand transfer pricing rules for secondary adjustments
Paul Ashburn and Amit Bhalla of HLB Thailand discuss the approach to ‘secondary adjustments’ under Thailand’s transfer pricing regulations.
Thailand signs Multilateral Agreement on Exchange of Country-by-Country Reports
On 9 December 2022, Thailand became the 95th country to sign the Multilateral Competent Authority Agreement on the Exchange of Country-by-Country Reports.
