Thailand

On 9 October 2026, the Thai Revenue Department (TRD) released Announcement No. 3/2570 detailing the tax collection results for Fiscal Year 2026 (1 October 2025 – 30 September 2026). The report highlights total revenue collection exceeding 1.18 trillion baht for the first seven months, reflecting robust corporate income tax and value-added tax (VAT) performance amid

On 8 October 2026, the Thai Revenue Department (TRD) issued Announcement No. 2/2570, revealing its participation in a joint inspection operation targeting corporate groups that employ foreign individuals who have recently acquired Thai nationality. The operation, conducted in coordination with the Department of Special Investigation (DSI), focuses on potential tax evasion, nominee structures, and improper

On 7 October 2026, the Thai Revenue Department (TRD) published Announcement No. 1/2570 introducing a package of tax measures designed to bolster the Meetings, Incentives, Conferences, and Exhibitions (MICE) industry. The incentives include enhanced deductions for qualifying expenditures, accelerated depreciation for MICE-related assets, and VAT exemptions for specific services, effective retroactively from 1 January 2026.

On 15 September 2026, the Thai Revenue Department (TRD) issued Notification Por. Chor. Sor. 22/2569 announcing that Thailand has formally signed the Global Anti-Base Erosion (GloBE) Multilateral Competent Authority Agreement (MCAA). This agreement, developed under the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) Pillar Two, establishes a standardized legal mechanism for the

On 11 September 2026, the Thai Revenue Department issued Announcement No. 21/2569 (Por. Chor. Sor. 21/2569) disclosing the agency’s operational performance for the fiscal year 2026 (1 October 2025 – 30 September 2026). The report provides a comprehensive overview of revenue collection outcomes, tax compliance initiatives, digital transformation progress, and organizational integrity measures. It serves

On 17 August 2026, the Thai Customs Department, in close collaboration with the Revenue Department Investigation Bureau, concluded a high-impact enforcement operation codified under Announcement 20/2569. The operation targeted the widespread issuance and circulation of fraudulent tax invoices, a practice that undermines the integrity of Thailand value-added tax system and facilitates significant revenue leakage. Authorities

As of 02 August 2026, Thailand’s Revenue Department confirmed that the value-added tax (VAT) rate of 7 percent will remain unchanged for the entire 2025-2026 fiscal year. The circular, published on the department’s official website, reiterates the government’s decision to retain the reduced VAT level introduced to support economic recovery and to provide stability for