Month: July 2016

DLO’S Tax Newsletter Issue 67 July 2016   Tax Law Update Value Added Tax Exemption for Importers Importing Concept Cars or Concept Motorbikes Royal Decree (No.613) B.E.2559 provides an exemption for value added tax (VAT) for importers, who are researchers, developers or vehicle testers approved by the Director – General of the Excise Department, which import concept cars or concept motorbikes for the purpose of researching, developing or testing vehicles provided that they are granted an excise tax exemption under the Excise Law. This Royal Decree has been effective since January 1, 2016. For more details, please see http://goo.gl/sGxoZz The Criteria for Exemption Income for Expenses in Songkran Festival In accordance with Ministerial Regulation No. 315 (B.E.2559) which provides an income tax exemption, in cases where a person spends money on food and beverages, and pays such money to a […]