Internet services now subject to VAT in Thailand
The domestic tax legislation of most countries has been written from the standpoint that a business requires to be in the country and have a base from which to operate from in order to serve its customers. Such legislation never imagined that any company could be located in another country and sell to mass customers […]
Update on Country-by-Country Reporting Submission Deadline Extension and Channels
According to the Notification of the Director-General of the Thai Revenue Department (TRD) regarding Corporate Income Tax no. 408 dated 30 Sep 2021, Thai taxpayers who are a part of Multinational Enterprise (MNE) groups with total consolidated revenue of at least THB 28 billion are obliged to submit the Country-by-Country Report (CbCR) to the TRD […]
In step with BEPS transfer pricing rules
Thailand is currently going through a period of rapid improvement and development which is creating opportunities and benefits for foreign businesses. Improvements are being made in many areas, including changes to its tax laws to implement certain international tax standards. Notably, Thailand has adopted the OECD’s Inclusive Framework on ‘Base Erosion and Profit Shifting’ (BEPS) […]
Theeradaje Tansuwanrat
International Tax Consulting in Thailand
In February 2022, Thailand signed the OECD’s Multilateral Instrument (MLI) which will bring a new level of transparency to the tax affairs of individuals and companies who are (tax) active in more than one country. Notably, as more countries adopt the OECD’s measures to prevent base erosion and profit shifting, the scrutiny by tax […]
Transfer Pricing Consulting in Thailand
Often driven by the OECD’s Profit Shifting and Base Erosion recommendations, Transfer Pricing is an area of intense scrutiny by tax authorities around the world and can be incredibly expensive for international companies if they cannot evidence and support the arm’s length nature of their related party transactions and become subject to one-sided tax return […]
Tax Compliance for Individuals
The PKF Thai Tax team helps our clients succeed by providing personalized, tailored solutions with high quality service. We examine each client’s fundamental needs – and then go above and beyond to advise what the situation requires. We have a passion to make a difference and constantly strive to improve and strengthen the tax efficiency […]
Tax Compliance Services in Thailand
Each Company in Thailand has to comply with the requirements of the Thai Revenue Code (TRC) which is administered by the Thai Revenue Department (TRD). Consequently, there are monthly and annual requirements that need to be met depending on the activities of the Company. In terms of a Company’s annual Thai tax compliance requirements […]
Tax Accounting Services in Thailand
PKF Thailand’s Tax services provide clients with comprehensive support, from ensuring tax compliance in Thailand and other jurisdictions, to finding strategies that deliver maximum tax efficiency moving forward. In such ways, our tax experts can transform the standard journey through the murky waters of taxation law, into smooth sailing for our clients. Helping you succeed […]
