tax in Thailand
- Thailand News
Thai tax tangle: Expats warned of new rules on overseas income
A packed meeting of the Pattaya City Expat Club turned into a lively debate as members received crucial updates on Thailand’s controversial new tax policy regarding overseas income transfers. Hosted by Thomas Carden, director of American International Tax Advisers, and tax attorney Patcha Inkudanonda, the session offered clarity, and raised fresh concerns, about the Thai Revenue Department’s evolving guidelines. Patcha…
- Thailand Travel
How to renew your road tax in Thailand
Navigating the process of renewing road tax in Thailand might seem daunting at first, especially if you’re unfamiliar with the local procedures. Yet, staying on top of this crucial task ensures your vehicle remains legally compliant and contributes to the upkeep of Thailand’s road infrastructure. With the right preparation, you can tackle language barriers and unfamiliar procedures with ease. Whether…
- Thailand News
Thai tax riddle: Elite Visa holders off the hook?
Whispers on Facebook’s Elite/Privilege Group suggest that holders of the controversial five to 20 years visa could dodge the Thai Revenue Department’s (TRD) new tax ruling. Starting January 1 this year, assessable income sent from abroad by Thais or foreigners residing in Thailand for at least 180 days will be subject to personal income tax. A group member claimed, after…
- Tourism News
Tax breaks fall flat: Hoteliers sceptical of Thailand govt incentives
The hospitality industry in Thailand is abuzz as the government unveils a new policy aimed at boosting tourism in secondary provinces through tax benefits for hoteliers. But the response from hotel entrepreneurs has been lukewarm at best. According to the latest hospitality operators’ confidence index, a survey conducted by the Thai Hotels Association (THA) and the Bank of Thailand, 50%…
- Thailand News
Tourism industry demands action amid 300-baht fee controversy
Thailand’s private sector is urging the government to address the supply side of tourism after Prime Minister Srettha Thavisin announced the suspension of a proposed 300-baht fee for foreign tourists. This fee was intended to establish a tourism development fund. Chamnan Srisawat, President of the Tourism Council of Thailand (TCT) stated that The government’s performance over the past eight months…
- Thailand News
Thailand scraps controversial tourist tax scheme
In a dramatic U-turn, Thai Prime Minister Srettha Thavisin announced the cancellation of the highly debated tourist tax. Initially proposed as a post-pandemic measure, the 300 baht tax at airports and 150 baht tax by land or sea, caused a storm of opposition from the travel industry due to its ambiguity and potential for confusion. The National Tourism Policy Committee…
- Business News
Thai govt unveils tax measures to spark tourism surge
The Thai Cabinet today approved a series of tax measures aimed at boosting domestic tourism during the low season, announced the deputy finance minister. These measures will be in effect from May to November and include tax deductions for companies organising conventions and seminars, according to Paopoom Rojanasakul. Further initiatives target increased domestic travel to secondary cities by allowing income…
- Crime News
Thai gambling queen arrested for 76 million baht tax evasion
Police arrested a Thai gambling queen in the southern province of Yala for tax evasion, causing the government to lose more than 76 million baht in revenue. Revenue Department (RD) officers recently filed a complaint against 67 year old Sirima with officers from the Economic Crime Suppression Division (ECD). The RD reported that Sirima secretly ran a gambling operation and…
- Business News
Taxing times ahead: Employers must now e-file payroll returns
Vinit Visessuvanapoom, the Director-General of the Revenue Department, announced a new requirement for all employers to submit payroll tax returns electronically. The move is part of an effort to prevent fraudulent tax return forms. The director-general highlighted that before the department’s notification on income tax No.438, the electronic submission was voluntary. However, starting from January 1, 2024, all tax return…
- Thailand News
Thailand revenue dept rectifies glitch in My Tax Account system
A glitch in the My Tax Account system of Thailand’s Revenue Department has been promptly rectified, with department authorities confirming that the issue was not triggered by a security violation. This affirmation comes after several taxpayers discovered the addition of two unexplained income entries on the My Tax Account online platform, a part of the Revenue Department’s e-tax filing system.…
- Thailand News
Taxpayers perplexed by mysterious income entries
A prominent company named Infofed clarified unusual income sources that surfaced when taxpayers submitted their tax forms online, urging explanations from the Revenue Department. The ease of digital tax filing has been marred by these mysterious entries, sparking widespread concern. The Facebook page Drama-addict raised the alarm yesterday, February 16, about a peculiar issue encountered by taxpayers who ventured online…
- Business News
Revenue department develops data analytics to combat tax invoice fraud
The Director-General of the Revenue Department, Kulaya Tantitemit, announced the development of a data analytics system aimed at helping entrepreneurs integrate into the tax payment system and fight against falsified tax invoices. This announcement was made during a press conference alongside the Economic Crime Suppression Division. Five gangs responsible for the production of fake value-added tax (VAT) invoices have been…
- Pattaya News
Thai naval forces intercept tax-evading oil vessel near Ta Lu Island
An oil-carrying vessel, illegally modified and suspected of tax evasion, was intercepted and detained by the Royal Thai Fleet near Ta Lu Island in Rayong province, in the Gulf of Thailand on Monday, January 22. The incident took place in the Sattahip district of Chon Buri, following a tip-off that led to the naval forces taking swift action. Originally registered…
- Business News
Taxing choices: Thai Excise Department ponders single rate or weighty decision for cigarettes
Ekniti Nitithanprapas, Excise Department Director-General, announced that the department is deliberating over whether to implement a single tax rate or a weight-based tax for cigarettes. Currently, the tax structure is a two-tier system, with a 25% tax applied to cigarette packs retailing at up to 72 baht (US$2), aimed at reducing the impact on low-income individuals. Packs costing more than…
- Thailand News
Thai government cuts local alcohol tax to zero to boost tourism and economy
The Thai government has announced a tax reduction on local alcohol as part of a wider review of laws hindering domestic tourism and economic growth. Revealed on January 2 at the Government House, Prime Minister Settha Thavisin stated that the restructuring of excise and various national taxes, including reducing domestic alcohol tax to 0%, formed part of their strategy to…
- Thailand News
2 Thai luxury car importers arrested for tax evasion worth 59 million baht
Two Thai luxury car importers surrendered to the Department of Special Investigation (DSI) yesterday, December 26, for tax evasion after avoiding paying 59 million baht in taxes on four Lamborghini cars. DSI seized four Lamborghini Gallardos last year after finding that these cars were imported into the country without paying tax. The four cars were imported between July and October…
- Business News
Thailand land tax act assessment: Fiscal policy office’s evaluation
The Thailand 2019 Land and Building Tax Act (LBTA) is receiving a thorough evaluation for its effectiveness and potential issues in enforcement, according to the Fiscal Policy Office director-general, Pornchai Thiraveja. The investigation is a collaboration between the Finance and Interior ministries and is aimed at understanding the effectiveness of the new land tax collection system, identifying any issues and…
- Business News
Inheritance tax law changes aim to reduce economic inequality
A revenue department insider has revealed plans for the adoption of the prime minister’s proposal to make changes to the inheritance tax law. The objective of the amendment is to reduce economic inequality, according to the anonymous source. The source disclosed three key points that form the guidelines for the amendment. The first is the application of the inheritance tax…
- Business News
Thailand’s new tax twist: Overseas earners spending 180 days face income tax
Thailand’s tax policy, as declared by the Revenue Department, recently stipulated that an individual spending up to 180 days a year in the country and earning income from overseas will be liable for personal income tax. This decision, governed by Section 48 of the Revenue Code, is expected to primarily influence three groups: individuals involved in foreign stock market trading…
- Thai Life
Guide to taxes for expats in Thailand
It’s always more fun in Thailand, isn’t it? The tropical weather, the smiling faces, and oh, the food — it’s really a paradise. But here’s the thing: when you decide to call Thailand home, it’s important not to overlook your obligations, including taxes. Understanding it should be a priority as it helps ensure a smooth and lawful stay in your…
