Revised asset valuation method for the calculation of inheritance tax for shares outside the stock market
The Cabinet approved in principle a revision to the asset valuation method for the inheritance tax calculation:
| Current | Proposed Revision |
| The calculation of the value of securities not registered in the Stock Exchange of Thailand shall be carried out as follows:
(1) Shares of a company or juristic partnership shall be considered as the book value in the accounting period prior to the accounting period in which the ownership of the shares is acquired, except in cases where the inheritance in the form of shares is a share of a company or juristic partnership which holds shares in another company or juristic partnership, in which case the share value shall be considered as follows: |
The calculation of the value of securities not registered in the Stock Exchange of Thailand shall be carried out as follows:
(1) Shares of a company or juristic partnership shall be considered as the book value in the accounting period prior to the accounting period in which the ownership of the shares is acquired, except in cases where the inheritance in the form of shares is a share of a company or juristic partnership which holds shares in another company or juristic partnership, in which case the share value shall be considered as follows: |
As a result, the calculation of share value for companies or juristic partnerships that are not listed on the Stock Exchange of Thailand will be based on the book value from the accounting period prior to the period in which ownership of the shares is acquired, regardless of whether they hold shares in other companies or juristic partnerships.
*Please note that the inheritance tax applies only in cases where a person inherits assets with a total net value exceeding THB 100 million (approx. EUR 2.5 million) and does not apply to the assets inherited from a legally married spouse. Parents and descendants, including children, of the deceased person are subject to a tax rate of 5% of the exceeding amount. For other cases, the tax rate is 10% of the exceeding amount.
https://www.bangkokbiznews.com/business/economic/1171603
CIT (corporate income tax) deduction for the purchases of a large commercial EV ( electric vehicles)
The Cabinet approved in principle a measure for companies and juristic partnerships that invest in eligible large electric commercial vehicles (e.g. brand new, eligible to apply for a license to operate transportation, etc.). The measure allows to deduct expenses for the acquisition of such vehicles from their CIT for up to 200% of the purchase price for locally manufactured or assembled units and 150% of the purchase price for fully imported and assembled (CBU) units.
https://www.infoquest.co.th/2025/482055
Waiver of building control permit for small solar rooftop
The Cabinet has approved in principle a ministerial regulation waiving the requirement for a building modification permit (Aor. 1) under the Building Control Act for the installation of solar rooftops, provided that the solar rooftop does not exceed 160 square meters and has a weight distribution of less than 20 kilograms/square meter.
https://www.nationthailand.com/news/policy/40049635
(Temporary) Capital gain tax exemption for digital assets
The Cabinet approved a waiver of capital gain tax for the trading of digital assets conducted through digital asset business operators registered in Thailand that occurs between 1 January 2025 and 31 December 2029.
https://www.bangkokbiznews.com/business/economic/1185290
Tax incentives to attract Thai talents from abroad
Thai citizens returning from working abroad and their new employers in Thailand are entitled to the following tax incentive:
| Employer | Employee | |
| Criteria |
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| Benefit |
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| Targeted industries | automotive, electronics, high-quality tourism, agriculture, food, biotechnology, logistics, robot and automation, aviation and space, biofuels, petrochemicals, digital, medical, defence, circular economy, international business centres, and other industries that require work using specialised skills in the specified fields
*The targeted industries above are the same as those under the Long-Term Residence (LTR) Visa for high-skilled professionals. |
| Effective date | 25 March 2025 – 31 December 2029 |
https://ratchakitcha.soc.go.th/documents/57950.pdf
Investment promotion incentives for the expansion of existing promoted entities
The Board of Investment announces a new investment promotion under the BOI Announcement no. 17/2567 as follows:
| Topics | Item | Detail |
| Eligibility | Geographical scope | All provinces of Thailand |
| Eligible business |
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| Minimum investment | The expansion project must have an additional actual investment of at least THB 500 million (approx. EUR 13 million). (excluding land cost and working capital). | |
| Benefit | Tax reduction | The benefits depend on the BOI activity group that the project belongs to as follows:
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| Exemption | Projects whose total CIT exemption has already exceeded 8 years in aggregate will not be eligible for further CIT reduction benefits | |
| Timeline | Application period | Application under this measure must be submitted from the first business day of 2025 to the last business day of 2025 |
https://ratchakitcha.soc.go.th/documents/57547.pdf
Investment promotion incentive for economic stimulation
The Board of Investment announced a new investment promotion under the BOI Announcement no. 19/2567 as follows
| Topics | Item | Detail |
| Eligibility | Geographical scope | All provinces of Thailand |
| Eligible business | 1.All businesses promoted under the activity group A1 – A4 of the BOI, except:
2.The project must not be granted an exemption of corporate income tax exceeding 8 years. 3.Must have not be granted investment promotion under the incentives for the expansion of existing promoted entities (BOI Announcement 17/2567) |
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| Minimum investment | THB 2 billion (approx. EUR 52 million). of actual investment (excluding land cost and working capital) within 12 months from the issuance of the promotion certificate | |
| Benefit | Tax reduction | After the existing BOI tax-exemption period ends, the project may receive a 50% reduction of the corporate income tax rate on net profits derived from the investment. |
| Timeline | Application period | Application under this measure must be submitted from the first business day of 2025 to the last business day of 2025 |
https://ratchakitcha.soc.go.th/documents/57549.pdf
Increase in unemployment benefits for laid-off employees
The unemployment benefits under the Social Security Act is revised as follows:
| Cause of unemployment | Current | Proposed |
| Termination | 50% of daily wages for up to 180 days (capped at THB 15,000/month (approx. EUR 395)) | 60% of daily wages for up to 180 days (capped at THB 15,000/month) |
| Resignation | 30% of daily wages for up to 90 days (capped at THB 15,000/month) | Unchanged |
https://ratchakitcha.soc.go.th/documents/75954.pdf
New minimum wage
The daily minimum wage is increased to THB 400 (approx. EUR 10) for all employees in Bangkok, as well as for employees working in 2-stars hotels and above, or hotels with 50 rooms or more, across the country.
https://ratchakitcha.soc.go.th/documents/76681.pdf
