Blog
Changes in Bank Policies for Opening a Business Bank Account
Several banks in Thailand have recently updated their policies when opening business bank accounts. Below is a summary of the current requirements by banks in Bangkok: Please note that the authorized company director must be at least 20 years of…
Tax Exemption for Donations to the Thai Red Cross and Public Health Foundations
By virtue of Section 5, Section 6 and Section 7 of the Revenue Code on Tax Exemption (No. 795) B.E. 2568, the Revenue Department has recently announced the criteria and conditions for exemptions from income tax, Value Added Tax, Specific…
Legal Entities That Are Liable to Pay Income Tax on Net Profits
In Thailand, there are some entities that are exempted from corporate income tax while there are legal entities that are liable to pay corporate income tax on net income: In the case where a juristic partnership established under Thai law…
Legal Entities in Thailand That Are Exempted From Corporate Income Tax
Normally, the entities that are only established under Thai law such as ministries, government departments, organizations or cooperatives are not required to pay corporate income tax. However, there are also some types of juristic persons that are subject to corporate…
Target Industries per Royal Decree No. 793 B.E. 2568 (2025)
A targeted business industry covered under the Royal Decree No. 793 B.E. 2568 (2025) is a juristic partnership or corporate entity that has developed, utilizes its innovation and technology for production of goods or services that the Thai government promotes,…
Employee Welfare Fund of Thailand
Starting from 1 October 2025, employers in Thailand have more duties towards their employees. Employer duties: Employee duties: Exemptions: Benefits of the Employee Welfare Fund: When the employee’s employment is terminated, the Department of Labour Protection and Welfare shall…
Reduction and Exemption of Taxes and Duties
The Thai Cabinet has recently approved the Royal Decree No. 793 B.E. 2568 (2025) which provides substantial tax incentives. This aims to attract highly skilled Thai professionals working abroad to return to Thailand and work in the targeted industries in…
Running Numbers for Invoice, Tax Invoice and Receipt of a Service Business
For companies engaged in service business, one must remember how to prepare the invoice, tax invoice and receipt properly. Normally, when you invoice your clients for your services or deposits, you give them an invoice only. This is because you…
Thailand Revenue Department’s E-filing system
MSNA can assist you on how your company can file taxes online. If you are not registered with online tax filing yet, we can register your company with the Revenue Department’s e-filing system. The RD’s e-filing system offers filing and…
The Thailand Digital Arrival Card (TDAC)
The Thai government is introducing the new digital system Thailand Digital Arrival Card (TDAC) which aims to provide convenience for all foreigners entering Thailand by air, land or sea. TDAC, which is developed to replace the traditional paper-based TM6 arrival…