Thailand Extends Jurisdictional Powers of Tax Court to Criminal Tax and Customs Disputes
On February 18, 2025, the Thai Senate approved an amendment to the Act on the Establishment of and Procedures for the Tax Court. This follows the July 2024 approval by the Thai cabinet and subsequent preparation of supporting secondary legislation. This important amendment to procedural law, once it takes effect, will extend the exclusive jurisdictional […]
Minimum Wages and its Impact
Under the Labor Protection Act (Act), wages refer to the remuneration agreed upon between an employer and an employee under an employment contract. This compensation is paid for regular working hours on an hourly, daily, weekly, or monthly basis, or calculated based on the employee’s output during regular working hours. Wages also include payments made […]
Navigating Split Contracts and Withholding Tax for Contractors in Thailand
The following article was first published in International Tax Review. For all articles authored by HLB Thailand for the International Tax Review, please click here. Paul Ashburn and Radapak Arthapridi of HLB Thailand say splitting contracts to separate labour from materials may not avoid withholding tax being applied to the goods provided, based on a ruling by […]
The EU-Thailand FTA Intellectual Property Gap
The fourth round of negotiations of the EU-Thailand Free Trade Agreement (FTA) wrapped up in Bangkok in November 2024. Now that the latest summary report is out, it is worth highlighting some of the intellectual property (IP)-related changes we might see once the chapter is complete. Copyright If Thailand were to agree to follow the […]
Thailand Opens 25th Bidding Round for Oil Exploration and Production
Thailand’s Ministry of Energy (MOE) has announced the launch of the 25th bidding round for petroleum exploration and production. This round offers nine greenfield onshore blocks—seven in northeastern Thailand and two in central Thailand—encompassing over 33,000 km². The bids can be submitted from July 1 to July 16, 2025. The sizes and locations of these […]
CBRE Thailand Unveils 2025 Outlook: Multispeed Recovery Defines Property Landscape
Bangkok – February 19, 2025 – CBRE Thailand, the leading international property consultant, shares: “Thailand begins 2025 on the back of continued investment in new large-scale mixed-use projects. While some sectors face weak demand and excess supply, others are benefitting from targeted government initiatives that have attracted investment and international tourists in increasing numbers.” Ms. […]
Thailand Enacts Law to Support the Collection of 15% Global Minimum Tax
The following article was first published in International Tax Review. For all articles authored by HLB Thailand for the International Tax Review, please click here. Paul Ashburn and Anna Selina De Vera of HLB Thailand say the decree underlines the country’s commitment to pillar two implementation as Thailand aims to become one of the first two Southeast […]
Thailand Implements Global Minimum Corporate Tax
Thailand has adopted the OECD’s global minimum tax framework through the Emergency Decree on Top-Up Tax B.E. 2567 (2024). Published in the Government Gazette on December 26, 2024, this legislation implements a 15% global minimum effective tax rate for large multinational enterprise (MNE) groups. The emergency decree took effect on January 1, 2025. The emergency decree was […]
10% Corporate Tax Rate for Targeted Businesses in Special Economic Zones Approved
10% corporate tax rate for targeted businesses in special economic zones approved On 13 January 2025, Thailand’s cabinet resolved in principle to approve a reduction of the corporate income tax rate to 10% in respect of profit generated from targeted businesses operated in Thailand’s special economic zones. The headline corporate tax rate is currently 20% […]
Investing in Australian property – Is it still tax effective & profitable for expats?
Australian property has been an effective tax planning tool for Aussie expats for many years. However, recent changes to home loan lending rules and tax changes coupled with higher entry points are challenging that convention. Thankfully, Australian property markets are experiencing strong gains due to increased population, downsizing trends, and property supply shortages across all […]
