After a period of uncertainty, a royal endorsement confirming the new Taxation scheme has been given on the 23rd of the month and is applicable for the year of 2013. It’s already bringing smiles to tax payers in Thailand.
We reported earlier this month on the Thai government’s decision to make a number of changes to personal income tax. Since going to press, the Thai government has gone through a time of political unrest, which will likely delay the income tax rate from taking effect in the 2013 tax year.
It’s good news for individual Thai taxpayers this month as Thailand ends the year moving towards a fairer tax system. On the 19th November, the cabinet agreed to issue a royal decree which will make sure revised personal income tax structures takes effect during the 2013 tax year. While this is the case, it’s worth …read more
As with any country, taxation codes in Thailand are continually changing in accordance with the political and business climate and the government’s obvious needs to collect revenue, while fostering a business-friendly environment.