As of August 16th, 2023, the “Royal Decree Issued under the Revenue Code Regarding Tax Exemption (No. 776) B.E. 2566 (2023)” has taken effect, aiming to fortify automation initiatives on a national scale. This recent stride in taxation regulations holds the purpose of nurturing automation investment in Thailand. Salient Features of the Royal Decree In […]
In an increasingly interconnected global economy, understanding the origin and composition of goods has become paramount. The concept of Regional Value Content (RVC) has gained significance as countries and trade blocs aim to establish rules and regulations that promote local production, job creation, and economic growth. This study delves into the intricacies of RVC, focusing […]
In today’s rapidly evolving business landscape, the cultivation of highly skilled personnel in the fields of Science, Technology, Engineering, and Mathematics (STEM) has become a critical driver of economic growth and innovation. To encourage and support such development, the Thai government has introduced tax measures aimed at fostering the enhancement of employee skills in STEM […]
In line with the “Royal decree issued under the provisions of the Revenue Code Regarding Tax Exemption (No. 779), B.E. 2566,” dated 15th August B.E. 2566 (2023), effective from 16th August 2023 onwards, a notable development in the realm of taxation has emerged, specifically concerning income tax and Value Added Tax (VAT) exemption for investment […]
The Director-General of the Revenue Department has issued a set of comprehensive rules, procedures, and conditions, thereby heralding a new regime of corporate income tax exemption for investments in electronic data preparation systems, electronic data receiving systems, tax submission systems, as well as service fees disbursed to electronic data preparation service providers, electronic data remittance […]
Introduction: In response to the considerable impact of the COVID-19 pandemic on the real estate sector, the Thai government has implemented a series of tax exemption measures to stimulate real estate investment through Real Estate Investment Trusts (REITs). This academic analysis delves into the key provisions delineated within the Royal Decree Issued under the Revenue […]