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Archives for April 2012

Thailand tax measures to promote development of capital market in the country

The Thai cabinet approved tax measures to promote the development of the capital market in the country. Details of such tax measures are as follows:

1) The tax rate is to be reduced and personal income tax is to be exempted on dividends received by Thai tax residents from a foreign company or partnership in respect of securities listed on the Stock Exchange of Thailand; and

2) Income tax is to be exempted for income from sales of securities listed on stock exchanges in ASEAN member countries, provided that the sale is made through the system of the Stock Exchange of Thailand.

Contact MSNA for your Thai accounting and tax questions.

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Thai Personal Income Tax exemption for foreign film actors

In an effort to promote the shooting of foreign films in Thailand, the Thai cabinet has recently approved personal income tax exemption for such foreign actors. The draft ministerial regulation specifies that income derived by a film actor who is a foreign tax resident during the period from 1 January 2011 to 31 December 2015 shall be exempted from personal income tax only if:

  1. Such income was derived from performance in a foreign film produced by a company or partnership incorporated under a foreign law; and
  2. A filming permit has been granted in accordance with the laws relating to film and video.

However, since this is just a newly approved ministerial regulation, further details on the implementation of these measures and associated regulations have yet to be announced.

Contact MSNA for your Thai accounting and tax questions.


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