Thailand: Decree on corporate tax reduction options for SMEs released

Thailand's Cabinet has approved extending the reduced value-added tax rate of 7% for another year from 1 October 2026 to 30 September 2027 in a press release issued on 27 July 2026. The current reduced rate was set to expire on 30 September

Thailand's Cabinet approved in principle a draft Royal Decree under the Revenue Code at its meeting on 21 July 2026, revising tax measures supporting Social Enterprises through amendments to Royal Decree (No. 735) B.E. 2564 (2021). According to

The Thailand Revenue Department has issued a guidance, on 7 July 2026, outlining the method that companies and juristic partnerships must use to convert foreign currency, foreign currency-denominated assets, and liabilities into Thai currency when

Thailand's Cabinet has approved a two-year extension of tax measures designed to encourage wider adoption of the country's electronic tax system, including incentives for investment in electronic tax infrastructure and continued preferential rates

Thailand's Cabinet approved the signing of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GloBE MCAA) at its meeting on 16 June 2026, according to a Revenue Department press release. The agreement, developed

Thailand’s Cabinet has approved the signing of the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), marking a further step in the country’s implementation of the OECD/G20 Inclusive Framework’s Pillar