Thailand to Implement Minimum Tax on Major International Companies Starting in 2025
Thailand plans to implement a minimum corporate tax rate of 15% on large international companies starting next year, according to Finance Minister Pichai Chunhavajira in an interview broadcast on Friday.…
Proposal to Eliminate Tax on Specially Modified Vehicles
The Excise Department is set to issue a ministerial regulation that will eliminate taxes on vehicles specifically designed for the elderly and individuals with disabilities, which currently face an excise…
Tax initiatives to mitigate impact of salary hikes
The Finance Ministry is preparing to implement measures to alleviate the impact on businesses dealing with a rise in the minimum wage, as stated by Deputy Finance Minister Julapun Amornvivat.…
Simplify Foreign Tax Responsibilities
The recent proposal to revise Thailand’s foreign income tax regulations has ignited considerable discussion among expats and global investors, raising a host of pressing issues that demand swift attention. Scheduled…
Land and building tax revenue expected to reach B43 billion this year
The Finance Ministry is projecting a total collection of 43 billion baht from land and building tax this year, marking an increase of 8 billion from the previous year due…
EV Board gives new tax incentives for commercial vehicles
Narit Therdsteerasukdi, secretary-general of the Office of the EV Board, said on Wednesday that the board has also given the go-ahead to new measures promoting the use of e-buses and…
Tax Authority to release personal tax income data
The Thai tax authority has collected over 395 billion baht (approximately US$11 billion) in personal income taxes, in addition to revenue from value-added tax and corporate taxes. The report also…
Proposal to increase Bangkok’s petrol tax aimed aimed at encouraging public transit
Transport Minister Suriya Jungrungreangkit plans to propose an increase in excise tax on petrol in Greater Bangkok in order to encourage people to use public transportation. The potential tax increase…
Recent tax reforms tightens on foreign income coming into Thailand
A recently introduced tax regulation in Thailand mandates that Thai tax residents pay personal income tax on foreign income brought into the country. The new tax regulation in Thailand compels…
Excise Department to apply a carbon tax to three industries.
The Excise Department's carbon tax should assist Thailand in meeting its goals of carbon neutrality by 2050 and net zero greenhouse gas emissions by 2063.