Author Archives: Luca

Thailand’s tax landscape is undergoing a significant transformation with proposed amendments aiming to tax worldwide income and expand the tax base to include online platforms. These changes, spearheaded by the Revenue Department under Director-General Kulaya Tantitemit, signal a shift towards aligning Thailand’s tax regime with international standards while ensuring fair taxation in the digital economy […]

As of April 2024, Thailand’s Ministry of Interior has issued significant legal updates aimed at invigorating the real estate market and addressing housing challenges. These updates include two new Ministerial Regulations reducing registration fees for real estate transfers and mortgages, as well as a tax exemption policy to incentivize residential construction. This comprehensive overview will […]

Before the issuance of Orders No. Por.161/2566 and No. Por.162/2566, Thailand’s approach to taxing foreign-sourced income was conditional. According to the law, foreign income had to be included in the personal income tax calculation if two criteria were met: 1.   The individual resided in Thailand for 180 days or more in any given tax year. […]

In a bid to revitalize the domestic economy and further promote the tourism sector, the Thai government has recently introduced an overhaul of its visa schemes. Below is a comprehensive overview of the new measures: Short-Term Plan (Effective from June 2024): 1.   Visa Exemption and Temporary Stay: Travelers from 93 countries and territories, including prominent […]

Inheritance tax in Thailand is governed by the Inheritance Tax Act B.E. 2558 (A.D. 2015), which became effective on February 1, 2016. This legislation was introduced with the intention of creating a more equitable tax system, targeting the wealth inherited from deceased individuals to ensure fairness between high and low-income earners. Key Provisions and Liabilities […]

In recent years, Thailand has made significant strides in the regulation of digital assets, seeking to balance innovation and investor protection within its financial ecosystem. As digital assets like cryptocurrencies and tokens gain prominence globally, Thailand has positioned itself as a forward-thinking jurisdiction by implementing comprehensive regulatory frameworks and tax incentives to foster the growth […]