Thailand Tax Insights and Updates

Latest Insights and Updates

Personal Income Tax

Digital Investment Tokens Income

On 24 Sep 2024, Thailand tax Royal Decree (No 789) was gazetted, prescribing exemption from personal income tax for resident individuals deriving share of profits or similar type income from Digital Investment Tokens.
Value Added Tax

​Digital Assets VAT

On 24 Sep 2024, Thailand VAT Royal Decree (No 788) was gazetted, prescribing exemption from VAT for transfers of cryptocurrency and digital utility tokens.
Value Added Tax

​Value Added Tax Rates

On 20 Sep 2024, Thailand Tax Royal Decree (No. 790) was gazetted, extending the reduced 7% standard rate of VAT for another one year to 30 Sep 2025.
Personal Income Tax

​ESG Mutual Fund Allowances

On 30 July 2024, the Thailand Government resolved to amend the personal tax allowances for resident individuals who invest in Thailand ESG Mutal Funds for Sustainability during the 2024 - 2026 years.
Personal Income Tax

​Employee Termination Income

On 17 July 2024, Thailand Ministerial Regulation No. 394 (2567) was gazetted, increasing the personal income tax exemption for lump-sums on involuntary terminations of employment.
Value Added Tax

​Import Goods VAT

On 20 June 2024 Customs Department Notification No.116/2567 was gazetted, ending the customs import duty exemption for goods valued at not more than 1,500 Baht, and thereby ending the VAT exemption for such goods.
Corporate Income Tax

​Staff Training Seminar Costs

On 04 June 2024, the Thailand Government resolved to reintroduce the Staff Training Seminar Costs corporate tax deduction concession in the 2024 year.
Personal Income Tax

​Domestic Tours Allowance

On 04 Jun 2024, the Thailand Government resolved to reintroduce a Domestic Tours personal income tax allowance for the 2024 year.
Tax Insights and Updates
Corporate Income Tax
Donation Tax Allowances
Gift Tax
Inheritance Tax
International Tax Cooperation​
Investment Tax Allowances
Personal Income Tax
​Stamp Duty Tax
Tax Evasion Measures
​Tax Return Filings
Transfer Pricing
Value Added Tax
Withholding Tax
Welcome     About Us     Tax Insights and Updates
Cookies and Privacy     Tax Practice Services
© 2003-2024 Sherrings Thailand Tax Advisor Consultants
140/35 ITF Tower, Silom Road, Bangkok, Thailand
Telephone (English Language) +66 2267 3135
Email: ContactUs@sherrings.com