COVID-19 Tax Relief Measures for SMEs and Debt Restructuring
MPG would like to share tax update illustrates the Royal Decrees no. 707, 708, and 709 published in the Government Gazette on July 12th, 2020, which provide assistance to businesses affected by the COVID-19 outbreak by granting interest expense and wage expense deductions to SMEs, and tax exemptions to support debtors […]
Deadline Extensions for Goods under the Excise Tax Act
MPG would like to update tax that illustrates the Ministerial Regulations published in the Government Gazette on July 8th, 2020, which extends deadlines for the delivery of goods and submission of notification to the Excise Department for goods that have received tax exemptions and refunds under the Excise Tax Act […]
Tax Update: Tax Incentives to Promote Social Good
MPG would like to update about tax that illustrates measures published in the Government Gazette on June 22nd, 2020 which provide tax benefits to corporate entities and individuals for charitable donations, training and employment, COVID-19 support, and environmental initiatives. Please read the full update HERE
Tax Update: Corporate Income Tax Reliefs – SEZs, Machinery, and Hotels
MPG would like to update tax that illustrates several measures promulgated in the Government Gazette on June 22nd, 2020 which provide corporate income tax reliefs to spur investment in the Special Economic Zones, new machinery, and the hotel industry. Please read the full update HERE.
Thailand Joins the Multilateral Convention on Mutual Administrative Assistance in Tax Matters
MPG would like to update that Thailand became the 137th signatory state to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (“MAC”). Thailand’s participation in the MAC means that it must implement and comply with global agreements for the automatic exchange of information, such as the Common Reporting […]
Two Updates on the Land and Building Tax Act
MPG update illustrates two Notifications and a Royal Decree related to the Land and Tax Act B.E. 2562 (2019). On May 29th, 2020, two sets of criteria for categorizing residential and agricultural property under the Tax Act were promulgated in the Government Gazette, while on June 10th, 2020, a Royal Decree was granted to […]
