Insights

Special Tax Measures

Due to the COVID-19 pandemic, some significant tax relief measures
have been issued and summarized below.

1) Tax Compliance
Thailand Tax Ministerial Notification (No.2) 2563 was issued on 31 March 2020, extending the due date for submission a…

Covid 19 Tax Relief Measures

Other tax measures introduced due to COVID-!9 include Additional tax deduction for SMEs' salary costs Small and Medium Enterprises (SMEs) are allowed to deduct 300% of actual salary expenses paid from April 2020 to July 2020 to employees

Latest Tax news

On 18 November 2019, the Director General has officially published the Transfer Pricing Disclosure Form (“the TP Disclosure Form”) in the Notification of Director General of the Revenue Department. The TP Disclosure Form is applicable from …

The Agile Internal Audit Journey: Part 2 – Applying the Agile manifesto and principles to internal audit

In this article series, Baker Tilly specialists define Agile, walk through its applications to internal audit and offer lessons learned through case study approaches.

The Agile Internal Audit Journey: Part 1 – Transforming internal audit to add greater value

Internal audit is in a state of transformation. In many industries, disruptions are bigger, coming faster and require responses that are quicker and more fluid. In this environment, internal audit must also adapt to be more flexible and agi…

Legal Update

Your company may now be eligible for extensive tax breaks which came into effect on the 1st of June 2019.

In a large shake-up of corporate tax laws in Thailand, the Thai Cabinet has introduced new laws which essentially abolish the tax meas…

Tax News: The Cabinet approved International Business Center Tax Scheme to replace International Headquarters Tax Regimes

On 10 October 2018, the Cabinet approved the draft Royal Decrees which ceased the Regional Operating Headquarters Tax Schemes (ROH1 and ROH2), International Headquarters Tax Scheme (IHQ) and the International Trading Center (ITC) with a gra…

Tax news: Thai National Legislation Assembly endorses Transfer Pricing Law

Following the public hearing in mid-2017 and final approval by the Thai Cabinet on January 2018, Thailand’s draft transfer pricing law sailed through the final reading session of the National Legislation Assembly on 27 September 2018.  The …

Lean Six Sigma as Sustainable Approach for Digital Transformation

Integrating a Lean Sigma Framework to your business goes beyond improving operations, but help embrace learning mentality to navigate new business terrains. 

่Technology is no longer considered as simply an asset, but a core enabler to any …

Tax News: VAT remains at 7% for another year

On 3 July 2018, the Cabinet approved the draft Royal Decree issued under the revenue Code which keeps the value added tax ("VAT") rate at 7% for another year. 

The extension period of the 7% VAT rate (6.3% VAT and 0.7% local tax) will app…