tax in Thailand
- Thailand News
Thailand to introduce 300-baht tourism tax
Thailand is set to introduce a 300-baht tourism tax for foreign visitors by the end of this year, sparking debate over its potential impact on the travel industry. Tourism and Sports Minister Sorawong Thienthong confirmed that the fee is expected to take effect during Thailand’s High Season, provided it is approved and published in the Royal Gazette by March. The…
- Thailand News
Something’s fishy: DSI busts 20 billion baht pork smuggling scam
The Department of Special Investigation (DSI) conducted a raid on a major company suspected of illegally importing pork into Thailand, amassing a staggering 20 billion baht. The company allegedly declared the pork as fish to evade taxes. Police Lieutenant Colonel Nathaphon Ditsayatham, a consumer and environmental protection specialist at the DSI, led a team yesterday at 10am to search Thienkham…
- 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…
- 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%…
- Business News
Thailand reviews property tax law after five years
The Finance Ministry is currently reviewing the Land and Building Tax Act, which has been in effect for five years, marking a crucial phase in reforming Thailand’s property tax regime. Public hearings have been conducted to gather opinions from the public and stakeholders. Finance Permanent Secretary Lavaron Sangsnit says the amended version of the land and building tax law will…
- 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…
- 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
Thai government approves tax benefits for investment tokens
The Thai government has authorised tax measures aimed at fostering capital raising through investment tokens, as confirmed by Kulaya Tantitemit, the director of the Revenue Department. The decree, which was approved during yesterday’s Cabinet gathering, states that individuals who have received income, profit shares, or other benefits from holding digital investment tokens and have had a 15% withholding tax deducted,…
- 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.…
- 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…
- Thailand News
Thai hotels hit hard as property tax breaks end
Thai hotels are facing an uphill battle this year as the government pulls the plug on property tax reductions and energy prices soar, sending operating costs skyrocketing by 10%. Marisa Sukosol Nunbhakdi, the President of the Thai Hotels Association (THA), reveals the dire consequences for hotel owners who enjoyed a 90% tax discount in 2020-21, only to see it evaporate…
- 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
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…
- Thailand News
TikToker faces 1,650 baht tax bill for sending 10 baht pen to Thailand (video)
A Thai man shared his shocking experience on TikTok saying he sent a pen that cost less than 10 baht from New Zealand to Thailand and was charged 1,650 baht in tax. The man posted a video on his TikTok account, @24jetlag, on November 2 revealing his mind-boggling story with the caption: “Tax for sending a pen to Thailand is…
- 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…
- 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…
