If you want to run a business in Thailand need to set up a company limited. The Thai law has some regulations on how the company should be set up. The rules that apply depend on the type of business that you want to do and whether or not you could be eligible for an investment promotion program by the BOI (Board of Investment).

The corporate income tax in Thailand based on net profit. The rates depending on the types of taxpayers

The Notification of Director-General of TRD on Official Transfer Pricing (“TP”) has been released on 7th November 2019. Thai corporate taxpayers with revenue of at least THB200 million are required to provide information regarding their related-party relationships and the value of related party transactions on the Disclosure Form. The form must be submitted by 150 days following the year-end. The penalty for not filing or reporting incorrect information is 200,000 Baht, the business owners must consider their company’s filing requirements carefully.