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A Guide to Taxation in Thailand

Taxes in Thailand are governed by the Revenue Code, which follows the concept of a self-assessment system. The Revenue Department of the Ministry of Finance is responsible for administering taxes, which are imposed on regional and national levels.

Direct taxes

  • Corporate income tax;
  • Personal income tax; and
  • Petroleum tax.

Indirect taxes

  • Value-added tax;
  • Specific business tax; and
  • Land and building tax.

Value-added tax

The value-added tax (VAT) rate is currently at seven percent until September 30, 2023, as part of the government’s efforts to boost the economy post-COVID-19. The normal VAT rate was 10 percent rate.

Source: aseanbriefing.com

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