Tax
From The Report: Thailand 2017
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This chapter examines Thailand’s tax laws relevant to businesses. It explains key corporate tax rates and regulations, tax holidays and incentives, and other important areas.
It also contains a viewpoint from Andrew Jackomos and Paul Ashburn, Co-Managing Partners, BDO.
Articles from this Chapter
In the details: A guide to the country’s major taxes and fees
In the details: A guide to the country’s major taxes and feesOBGplus
The major taxes imposed in Thailand are: Corporate income tax: Thai incorporated entities are generally subject to tax on their worldwide income, while foreign incorporated companies are subject to tax on income derived from carrying on business in Thailand or on certain categories of income paid from Thailand. The standard corporate tax rate is 20%. Petroleum income tax: Petroleum, including natural gas, operations are subject to a petroleum income tax. Personal income tax: Individuals are subject to tax on their Thai-sourced income. Tax residents of Thailand are also subject to tax on foreign-sourced income which is remitted to Thailand…
Pay one’s dues: A summary of the most relevant and current tax legislationOBGplus
The main body of tax law in Thailand is the Revenue Code. Taxes listed under the Revenue Code are primarily collected via a self-assessment system of taxation, whereby taxpayers take responsibility for correctly filing their tax returns and paying taxes. The Revenue Department administers the Revenue Code and enforces compliance with the law through regular tax audits. Taxpayers can ask the Revenue Department for a ruling to clarify the department’s viewpoint in advance of a tax audit. Corporate…
Breaking new ground: Andrew Jackomos and Paul Ashburn, Co-Managing Partners, BDO, on transfer pricing and intra-group financingOBGplus
Viewpoint:Andrew Jackomos and Paul Ashburn The decision of the Full Federal Court of Australia in Chevron Australia Holdings Pty Ltd (CAHPL) v Commissioner of Taxation [2017] FCAFC 62, handed down on April 21, 2017, has drawn considerable interest and may influence the OECD in its development of the Base Erosion and Profit Shifting (BEPS) guidance for the application of the arm’s length principle to intra-group financings. The court ruled that the interest paid by CAHPL to its US subsidiary…
Breaking new ground: Andrew Jackomos and Paul Ashburn, Co-Managing Partners, BDO, on transfer pricing and intra-group financingOBGplus
Viewpoint:Andrew Jackomos and Paul Ashburn The decision of the Full Federal Court of Australia in Chevron Australia Holdings Pty Ltd (CAHPL) v Commissioner of Taxation [2017] FCAFC 62, handed down on April 21, 2017, has drawn considerable interest and may influence the OECD in its development of the Base Erosion and Profit Shifting (BEPS) guidance for the application of the arm’s length principle to intra-group financings. The court ruled that the interest paid by CAHPL to its US subsidiary…
