The major taxes imposed in Thailand are:
The major taxes imposed in Thailand are:
The main body of tax law in Thailand is the Revenue Code. Taxes under the Revenue Code are primarily collected under a self-assessment system, whereby taxpayers take responsibility for correctly filing their tax returns and paying taxes.
This chapter summarizes the Thai tax system, focusing on corporate tax rates, rules and regulations, incentives for investors and other key areas. It also contains a viewpoint from Andrew Jackomos and Paul Ashburn, Senior Partners, BDO Advisory.
The second-largest economy in ASEAN after Indonesia, Thailand has developed a positive international reputation on the back of its pro-investment policies and well-developed infrastructure, standing as one of the most liberalised and business-friendly markets in the region.
How can comprehensive reform of both corporate and personal income tax rates help boost revenue and reduce informal economic activity?
At the national level, taxes are imposed and collected pursuant to the National Internal Revenue Code, the Tariff and Customs Code, and several special laws. There are four main types of national internal revenue taxes: income, indirect (value-added and percentage taxes), excise and documentary stamp taxes, all of which are administered by the...
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