The Ministerial Regulations Fixing Excise Tax Tariff (No. 26) B.E. 2565 (2022) were issued and enforced as from 16th September 2022, to repeal and replace several provisions of the Excise Tax Act B.E. 2560 (2017). The provisions of (7) and (8) in Heading No. 01.05, Diesel Oil and Other Similar Oils, Part 1: Oil and […]
Overview of Mandatory Tp-Related Reporting Under the Revenue Code (RC) of Thailand and relevant rules, juristic persons meeting certain criteria are required to submit one or more of the following documents to the Revenue Department (RD). Juristic persons include private limited companies and permanent establishments (PEs) of foreign entities conducting business in Thailand. 1. RELATED […]
Logistics System Efficiency Situated at the heart of the Mekong Region, Thailand is a Kingdom with 76 provinces. Its geographic position grants it access to the world’s largest consumer markets, namely China, India and ASEAN. Consequently, Thailand is rapidly enhancing its infrastructure and logistics development, and is poised to become ASEAN’s transportation and logistics hub. […]
Thailand continues efforts to promote scientific and social development in a recent Royal Decree (“RD”) granting income tax exemptions for investment in target companies. The RD Issued under Revenue Code Governing Exemption of Taxes and Duties (No. 750) B.E. 2565 (2022) became effective June 15th, 2022, and remains in effect until June 30th, 2032. This […]
Criminal Procedure Measures Extended to Compensate for Forensic Physician Shortage The Royal Decree Extending the Period of Enforcement of Section 7 of the Criminal Procedure Code (No. 21) B.E. 2542 (1999) B.E. 2565 (2022) shall become enforceable on January 1st, 2023, and remain in force until December 31st, 2027. This extension permits provincial public health […]
A Ministerial Regulation Fixing the Excise Tax Tariff (No. 25) B.E. 2565 (2022) was published on July 20th, 2022, temporarily lowering and fixing the excise tax rates on diesel oil and oils containing Fatty Acid Methyl Ester (FAME). Excise taxes have been lowered between July 21st, 2022, and September 20th, 2022, at the following rates: […]