News
Govt proposes new taxes on salty, processed food
A new tax on salty foods will target frozen products, canned foods and instant noodles, the Excise Department says. However, seasonings such as fish sauce, soy sauce and salt will be exempted.Department director-general Patchara Anuntasilpa said the agency is working with the Public Health Ministry ...
Bangkok Post Reporter
Departments launch blockchain project
The Revenue Department and the Comptroller-General’s Department are set to launch a pilot project using blockchain technology in the next few weeks, aiming at streamlining work processes.The innovative technology will also help provide information associated with value-added tax and inspecting VAT refunds to reduce fraud, ...
Wichit Chantanusornsiri v
Over-the-top tax bid for Asean
Thailand will propose a tax on over-the-top (OTT) service providers to Asean members when the region’s telecom regulators meet in Bangkok next week, says the National Broadcasting and Telecommunications Commission (NBTC).Keep reading ...
Komsan Tortermvasana
DEPA proposes tax cut for Digital-Aided Investments
The Digital Economic Promotion Agency will propose an extension of the 200% tax cut policy for entrepreneurs who invested in software technology and will increase the maximum sum for a tax exemption to 200,000 baht.Keep watching ...
Uttama eyes tax adjustments
Finance Minister Uttama Savanayana on Saturday pledged to consider adjusting income tax and corporate tax to bring the two rates closer.The maximum bracket for income tax is 35% while that of the corporate tax is 20%, he said.The impact of any adjustments to these taxes, ...
Wichit Chantanusornsiri
New land tax bill nears NLA approval
Deputy Finance Minister Wisudhi Srisuphan has hailed the bill on land and buildings tax, which is on the verge of sailing through the National Legislative Assembly (NLA), as a significant overhaul of the tax structure.Keep reading ...
Aekarach Sattaburuth
Latest tax break covers B60k of prenatal care, childbirth costs
The Revenue Department is letting individual taxpayers claim an income tax deduction for prenatal care and childbirth expenses of up to 60,000 baht per tax year, with retroactive effect from Jan 1 this year, according to a department announcement. Keep reading ...
Wichit Chantanusornsiri
Investing in Thailand: Tax and Non-Tax Incentives
Thailand’s Board of Investment (BOI) offers a range of tax and non-tax incentives to foreign companies making investments that are deemed highly beneficial to the Thai economy.In 2015, the BOI announced a new seven-year investment promotion strategy (2015-2021) that offers special privileges to foreign investors. ...
Dezan Shira & Associates
