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New Tax Deduction: Thailand ESG Fund (TESG)

The Thai Ministry’s approval for the establishment of the Thailand ESG Fund (TESG) marks a significant positive development in Thailand. This initiative represents Thailand’s first-ever locally-based sustainable fund, promoting environmental, social, and governance (ESG) principles within the country. This fund allows for tax deductions of up to 30% of annual […]

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Recent changes to Revenue Department Reporting

On 6th October the Revenue Department released new software to encrypt the PAYE tax information for employees.We are pleased to advise that our Totem Payroll software needs no changes to work the new RD software. เมื่อวันที่ 6 ตุลาคม กรมสรรพากร มีการปล่อยซอฟต์แวร์ใหม่ เพื่อเข้ารหัสข้อมูลการนำส่งภาษี สำหรับพนักงานซึ่งสามารถนำไฟล์จาก Totem Payroll ไปใช้งานกับซอฟต์แวร์ ใหม่ของกรมสรรพากรได้ โดยไม่ต้องทำการเปลี่ยนแปลงใดๆ Our clever staff […]

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Totem Tax Calculations

As we’ve had some questions regarding our process for calculation of tax for Thai payroll, we decided to publish an infographic which covers the calculation process.

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Latest tax break covers Baht 60k of prenatal care, childbirth costs

As reported in the Bangkok Post on 17 October the Revenue Department is increasing tax allowances for individuals to cover prenatal care and childbirth expenses with retroactive effect from January 1 2018. The new tax deduction is aimed at encouraging people to have more children as Thai society ages. For […]

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Latest tax break covers Baht 60k of prenatal care, childbirth costs

As reported in the Bangkok Post on 17 October the Revenue Department is increasing tax allowances for individuals to cover prenatal care and childbirth expenses with retroactive effect from January 1 2018. The new tax deduction is aimed at encouraging people to have more children as Thai society ages. For […]

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