5 Major Developments in Thailand
- Thailand to Offer Tax Breaks for Investment Token Issuers
- Additional requirement to be included in E-Tax invoice – Thailand
- Extension of Tax Measures to Support E-Tax Systems
- VAT exemption for support services of support center operators
- FTA updates for Thai importers and exporters
Customs
Cryptocurrency and NFT
Deduction (Input Tax Credit)
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VAT and WHT refund applications generally being handled quicker
- KPMG Week in Tax: 13 – 17 March 2023
E-Invoicing
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Thailand Extends Incentives to Promote Electronic Tax Systems
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Additional requirement to be included in E-Tax invoice – Thailand
- KPMG Week in Tax: 13 – 17 March 2023
Exemption
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Royal Decree No. 759 – Exemption of data center businesses from VAT
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Ministry of Finance: VAT exemption for Foundation for the Promotion of the Arts and Crafts
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Tax incentives provided for donations to certain medical foundations
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VAT exemption for support services of support center operators
Export
Importation
Invoice
Liability (Reverse Charge/Withholding)
- VAT and WHT refund applications generally being handled quicker
- Extension of Tax Measures to Support E-Tax Systems
Real Time Reporting/Continuous Transaction Controls
Refund
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Thailand offers ‘VAT Refund’ for tourists at international airports
- VAT and WHT refund applications generally being handled quicker
Reporting / Compliance
Tax Authorities / Penalties
