The main tax legislation applicable to FDI in Thailand is the Revenue Code (“RC”), which covers the following taxes:- (1)   Corporate Income Tax (“CIT”) CIT applies to businesses and legal entities registered in Thailand or registered abroad but operating a business in Thailand.  Except for SMEs, companies registered in Thailand pay CIT based on both... Read More

The NLA (National Legislative Assembly) approved the Property Tax Act B.E. 2561 (“Act”) on 16th November 2018.  The Act will repeal and replace the Household and Land Tax Act B.E. 2475 (A.D. 1932) and other local property tax laws.  The Act will soon be published in the Government Gazette and become effective on and from... Read More

On 13th October 2015, the Government of Thailand approved a fiscal stimulus package to boost the SMEs and revive the real estate markets. The Royal decree reducing the transfer fee for the sale of real property and the mortgage registration fee was published in the Royal Thai Government Gazette and is effective since 29th October 2015. The others... Read More