Tax Due Diligence

The PKF Thai Tax team helps our clients succeed by providing personalized, tailored solutions with high quality service. We examine each client’s fundamental needs – and then go above and beyond to advise what the situation requires. We have a passion to make a difference and constantly strive to improve and strengthen the tax efficiency […]

VAT and WHT Refund Applications

VAT and WHT Refund Applications Where a Thai Company has excess VAT (input VAT over Output VAT during a period) or has excess withholding tax (WHT) that cannot be relieved against an annual corporate income tax liability – it has to apply for a VAT or WHT refund in order to get the money back. […]

Restructuring, Mergers, and Acquisitions

Restructuring, Mergers, and Acquisitions The PKF Mergers and Acquisitions Tax Team can assist buyers, sellers, owners, and investors with whatever they are planning to do; whether it involves restructuring a group of companies or operations, merging or consolidating companies, disposing or sale of companies, or acquiring a company, the PKF team can advise on the […]

New Guidelines: Individual shareholders can cause companies to be related

Thailand follows the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (‘OECD Guidelines’), and as such, the Thai Revenue Code (‘TRC’) places reporting obligations on certain companies (and juristic partnerships) which have related party transactions. These can include a Transfer Pricing Disclosure Form, Local File, and Country by Country reporting. It is therefore […]

Update from the Thai Revenue Department regarding the Transfer Pricing Disclosure Form

On 28 March 2022, the Thai Revenue Department (“TRD”) published a Notification of Ministry of Finance regarding TPDF filing deadline extension for FY 2020. Moreover, the TRD also recently issued additional explanation and Q&A for the Transfer Pricing Disclosure Form (“TPDF”) on its TRD website. We have summarised key points as follows: TPDF filing deadline extension […]

Internet services now subject to VAT in Thailand

The domestic tax legislation of most countries has been written from the standpoint that a business requires to be in the country and have a base from which to operate from in order to serve its customers. Such legislation never imagined that any company could be located in another country and sell to mass customers […]

Update on Country-by-Country Reporting Submission Deadline Extension and Channels

According to the Notification of the Director-General of the Thai Revenue Department (TRD) regarding Corporate Income Tax no. 408 dated 30 Sep 2021, Thai taxpayers who are a part of Multinational Enterprise (MNE) groups with total consolidated revenue of at least THB 28 billion are obliged to submit the Country-by-Country Report (CbCR) to the TRD […]