Customs Tax may be required from the import-export of goods or anything upon which the rate is specified upon, to apply in the Customs Duty.
Excise Tax may be required from luxurious goods and services specified in the Excise Duty Schedule.
Thailand has Double Taxation Treaties with more than 20 countries such as Canada, Malaysia, China, etc. Tax Treaties will save tax for any company which must pay the money to any persons outside Thailand and reduce the withholding tax. Tax Treaties will encourage foreign investors to invest in Thailand because it will help them to reduce the tax burden of foreign investors who conduct business in Thailand.
NOTE: The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
If you would like further advice please contact: David Ellis, Johnson Stokes & Master, 16th Floor, Princes Building, 10 Chater Road, Hong Kong; Tel 2843 4226; Fax no. : 2845 9121. Alternatively do a text search "Johnson Stokes and Master" and "Business Monitor".