On January 8, 2025, the Minister of Finance proposed the Emergency Decree on Top-up Tax, B.E. 2567 (2024) (“Top-up Tax Decree”) to Parliament for consideration and affirmation of the Cabinet’s approval. This proposal follows the legislative process required for parliamentary affirmation. The Parliament subsequently affirmed the decree as proposed.
Please refer to the Newsletter below written by CDLAF's partner in Thailand: ILAW ASIA
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Describe
Key Takeaways:
1. Tax imposed under the Top-up Tax Decree
- Domestic Top-up Tax
- Foreign Top-up Tax
2. Submission of Documents and Tax Filing
- Adjustment of Tax Incentives by the Board of Investment (BOI)
- Allocation to the National Competitiveness Enhancement Fund
