The current basis for calculating corporate income tax can be divided into four categories: net profit, the transfer of profit out of Thailand, money paid from or within the country, and gross income before deducting expenses.
The government necessitates the collection of taxes to finance public development and initiatives that are beneficial to society. Thus, the Revenue Department has the responsibility to collect taxes
Many people may wonder why a portion of their salary or wage is deducted, which is referred to as withholding tax. This is one form of tax payment where the income received by individuals
Every item imported into the Kingdom of Thailand is subject to customs duties and taxes before it can be used in the country. However, did you know that if the item's total value, including shipping and insurance
Employment certification for companies or juristic partnerships operating in the target industry that have hired new employees from 1 January 2019 can be used to pay employees' salary payment and receive a 150% income tax exemption from the Revenue Depart
Tax incentives to promote the employment of highly skilled personnel and the development of highly qualified personnel (Thailand Plus Package) occur to accelerate investment and support the relocation of production due to the impact of trade wars.
Tax measures to promote fundraising for Thai startups have been officially announced, with personal or corporate income tax exemptions for capital gains tax for Thai startups, effective for 10 years (until June 2032).
The capital gains tax exemption from the sale of shares in Thai startups is a measure issued by the government to incentivize more investors, which is another important mechanism to drive the country’s economy.