Thai Law by Narit - Narit & Associates

05/01/2026

I just posted the December 30, 2025 Newsletter, covering updates on the Global Minimum Tax (GMT), Defined Benefit Obligation, Nominee Audit, and Labor Protection Act. These may be of interest to you.

Our firm’s December 2025 Legal Brief is now available. This edition covers key Thai legal and tax developments, including Global Minimum Tax (GMT) updates, nondeductible DBO (Defined Benefit Obligation-Employee Retirement Liability), Foreign Business Act’s nominee audits, and recent Labor Protec...

29/11/2025

I have just posted Case Law Update analyzing the former Prime Minister’s tax issues in a latest Judgment and the key precedents established—namely, taxable discount and the statutory limitation on time for summoning a taxpayer in person for investigation—and their implications for taxpayers in Thailand.

While the media has extensively covered the recent Supreme Court Judgment on former Prime Minister’s tax issues related to the shares sale, our newsletter takes a different approach. We will analyze two key precedents: the latest Judgment along with a 2019 Supreme Court Judgment adjudicating the s...

03/11/2025

I just posted the legal brief on favorable developments to Thailand's work permit system that foreign workers, their employers, HR and other may find it interesting.

Even if Thai work permit law has been amended to relax certain aspects of the permit system for some time, many foreign workers and their employers remain unaware of these positive changes. This legal brief will guide you through the key favorable developments. 1. No Work Permit Required for Unpaid....

11/08/2025

Complimentary Seminar on Thai Inheritance Tax & Gift Tax in Bangkok by Thai Attorney (Complimentary Seminar เรื่อง ภาษีการรับมรดก และ ภาษีการรับการให้)

NARIT & Associates cordially invites you to LEGAL SPOTLIGHT on:
“Navigating Thai Inheritance Tax & Gift Tax: Strategic Tax Planning Insights"
NARIT & Associates ขอเชิญท่านเข้าร่วมงานสัมมนา LEGAL SPOTLIGHT ในหัวข้อ
“การจัดการกับภาษีการรับมรดกและภาษีการรับการให้: เจาะลึกการวางแผนภาษี”

This complimentary practical course provides a comprehensive overview of Thailand’s inheritance and gift tax frameworks. Since 2015 introduction of inheritance tax and gift, various tax minimization strategies have been adopted by families and their advisors.
การสัมมนานี้ที่ไม่มีค่าใช้จ่ายนี้มุ่งให้ภาพรวมอย่างครบถ้วนเกี่ยวกับกรอบการจัดเก็บภาษีการรับมรดกและภาษีการรับการให้ของประเทศไทย นับตั้งแต่การประกาศใช้ในปี พ.ศ. 2558 เป็นต้นมาหลายครอบครัวและที่ปรึกษาของพวกเขาได้นำกลยุทธ์การวางแผนภาษีหลายกลยุทธ์ไปใช้

This in-house mini-seminar brings you the latest insights on:
• An overview of gift tax, including tax rates, and exemptions.
• A detailed understanding of inheritance tax, covering thresholds, tax rates, taxable assets, and exemptions.
• Strategies for property holdings and effective tax planning, capitalizing GAAP/TFRS.
• Acceptable valuation of company shares and relevant tax planning techniques.
• Common pitfalls and methods to avoid them.
• Key considerations for foreign residents living in Thailand.
Even if you, your family, or your organization have already begun estate tax planning, this seminar could still provide you with valuable insights and alternative approaches.
ในการสัมมนาขนาดย่อมนี้ท่านจะได้รับข้อมูลเชิงลึกล่าสุดในหัวข้อดังต่อไปนี้:
• ภาพรวมของภาษีการรับการให้ — อัตราภาษี และข้อยกเว้นต่าง ๆ
• การทำความเข้าใจภาษีการรับมรดกโดยละเอียด — เกณฑ์จำนวนที่จะได้รับการยกเว้นภาษี, อัตราภาษี, สินทรัพย์ที่ต้องเสียภาษี และข้อยกเว้น
• กลยุทธ์ในการถือครองอสังหาริมทรัพย์ และการวางแผนภาษีอย่างมีประสิทธิภาพโดยอาศัยหลักการบัญชีที่รับรองทั่วไป GAAP/TFRS
• การประเมินมูลค่าหุ้นในบริษัทให้เป็นที่ยอมรับและเทคนิคการวางแผนภาษีที่เกี่ยวข้อง
• ข้อผิดพลาดทั่วไปและวิธีหลีกเลี่ยงข้อผิดพลาดดังกล่าว
• ประเด็นซึ่งชาวต่างชาติที่พำนักในประเทศไทยควรจะต้องพิจารณา
แม้ว่าท่าน ครอบครัวของท่าน หรือ องค์กรของท่านอาจจะได้เริ่มดำเนินการวางแผนภาษีมรดกไปบ้างแล้วก็ตาม แต่การสัมมนานี้ก็ยังคงสามารถมอบแนวทางใหม่หรือแนวคิดเพิ่มเติมที่มีประโยชน์ให้แก่ท่านได้

Event Details:
Topic: Navigating Thai Inheritance Tax & Gift Tax: Strategic Tax Planning Insights.
(Presentation will be in English and Thai)
Speaker: Narit Direkwattanachai
Date: Please select one of the following sessions:
Session 1: 10:00 am - 12:00 am, Thursday, September 18, 2025 (in Thai)
Session 2: 1:15 - 3:15pm, Thursday, September 18, 2025 (in English)
Session 3: 10:00 am - 12:00 am, Friday, September 19, 2025 (in English)
Session 4: 1:15 - 3:15pm, Friday, September 19, 2025 (in Thai)
Time: As noted above.
Venue: NARIT & Associates’ Office
65/101 Chamnan Penjati Business Center, 11th Floor, Rama 9 Road, Huay Khwang, Huay Khwang, Bangkapi, Bangkok 10310 (nearest MRT Station: Rama 9 exit 3).
Cost: Free of charge (Complimentary)
Food: Snack and drink will be provided.
Booking: Due to limited space, only 1 participant per company/organization/family. Additional session will be made available if more demand. For the same reason, we may need to give priority to Thai/foreign executives of our clients and may not be able to accommodate those from accounting/law/professional firms.
If you are interested in joining this seminar, please email us at [email protected] or directly call to 02 248 2874 (or 02 248 2875) to book your seat.
รายละเอียดงาน
หัวข้อ: Navigating Thai Inheritance Tax & Gift Tax: Strategic Tax Planning Insights (การจัดการกับภาษีการรับมรดกและภาษีการรับการให้: เจาะลึกการวางแผนภาษี)
(การบรรยายจะจัดทั้งเป็นภาษาอังกฤษและภาษาไทย)
วิทยากร: นฤทธิ์ ดิเรกวัฒนชัย
วันและเวลา (เลือกเข้าร่วมเพียงหนึ่ง):
• รอบที่ 1: วันพฤหัสบดีที่ 18 กันยายน 2025 เวลา 10:00 – 12:00 น. (ภาษาไทย)
• รอบที่ 2: วันพฤหัสบดีที่ 18 กันยายน 2025 เวลา 13:15 – 15:15 น. (ภาษาอังกฤษ)
• รอบที่ 3: วันศุกร์ที่ 19 กันยายน 2025 เวลา 10:00 – 12:00 น. (ภาษาอังกฤษ)
• รอบที่ 4: วันศุกร์ที่ 19 กันยายน 2025 เวลา 13:15 – 15:15 น. (ภาษาไทย)
สถานที่: สำนักงาน NARIT & Associates
65/101 ชั้น 11, อาคารชำนาญ เพ็ญชาติ บิสเนสเซ็นเตอร์, ถนนพระราม 9, แขวงห้วยขวาง เขตห้วยขวาง กรุงเทพฯ 10310
(ใกล้สถานีรถไฟฟ้าใต้ดิน MRT พระราม 9 ทางออก 3)
ค่าใช้จ่าย: ฟรี (ไม่มีค่าใช้จ่าย)
อาหาร: มีบริการอาหารว่างและเครื่องดื่ม

การสำรองที่นั่ง:
เนื่องจากจำนวนที่นั่งจำกัด จำกัด 1 ท่านต่อบริษัท/องค์กร/ครอบครัว หากความต้องการสูง เรา (อาจ) จะเปิดรอบเพิ่มเติม นอกจากนี้ ขอสงวนสิทธิ์ให้โอกาสแก่ผู้บริหารไทยหรือชาวต่างชาติที่เป็นลูกค้าของเราก่อน และอาจไม่สามารถรับผู้มาจากสำนักงานบัญชี/สำนักงานกฎหมายหรือผู้ประกอบวิชาชีพอื่น ๆ ได้
หากท่านสนใจเข้าร่วมสัมมนานี้ กรุณาส่งอีเมลมาที่ [email protected] หรือโทรสำรองที่นั่งโดยตรงที่ 02 248 2875 (หรือ 02 248 2874)

About Speaker:

Narit holds a bachelor of laws degree with first class honors from Chulalongkorn University, Bangkok, Thailand. He won a British Chevening Cambridge Scholarship to read law at Wolfson College, the University of Cambridge, England where he graduated with a master of law degree. He pursued and received an MBA degree in finance from the Georgia Institute of Technology, Atlanta, Georgia, the United States of America, on the Georgia Rotary Student Program Scholarship. His understanding of finance and his familiarity with financial statements help him enormously when he advises clients on mergers & acquisitions, joint ventures, valuation issues (i.e. a market rate in the eyes of a revenue official) and shareholders/partners disputes.

Narit commenced his legal career at Baker & McKenzie, Bangkok office. He also worked at Baker & McKenzie, Sydney office, Australia and the Investment Banking Group − Telecom, Media and Technology at DBS Bank, Singapore. Narit served on the Joint Foreign Chambers of Commerce in Thailand (JFCCT) Property Committee (2009-2011), served on the Thai Contractors Association, Subcommittee on Complaints, Laws, Regulations and Contracts (2009) and served on the East Asia Trade Dispute Settlement Advisory Committee, China Council for the Promotion of International Trade (CCPIT), China (2014) (as Advisory Member). Narit serves on the Thai Commercial Arbitration Committee, Board of Trade of Thailand and University of the Thai Chamber of Commerce (2015-2016).

Narit’s February 2020 interview on Thailand’s property tax was featured in NYC-based Mansion Global (www.mansionglobal.com). Narit authored, two books in English, What Every Executive Needs to Know About Thailand Tax and Legal Guide to Doing Business In Thailand.

His legal and tax articles in English are featured in various publications and platforms, including:
• the Property Report Magazine,
• Advance - the Australian-Thai Chamber of Commerce Magazine,
• Swiss-Thai Chamber of Commerce E-Newsletter,
• Thai-Norwegian Chamber of Commerce New Page (Website),
• the Legal & Regulatory Issues section of Thai-Russian Chamber of Commerce Website, and
• Thailand Constructions News (TNC) (thailand-construction.com) by Quantity Surveying Consultants Ltd (QSC Ltd).

Along with leading private practitioners from Asia-Pacific, Narit contributed/authored the Thai Chapter of 2022 Force Majeure and Hardship in the Asia-Pacific Region, which was published by a U.S. based publisher, Juris (JurisNet, LLC).

Narit is regularly invited to speak at various events, Asia Business Forum in Bangkok, East Asia Business Forum in Mainland China, Data Consult’s CEO Breakfast in Bangkok, EU Administrative Meeting at the Delegation of the European Union in Thailand, Singapore-Malay Chamber of Commerce & Industry's Business Mission to Bangkok, India Thai Chamber of Commerce, Industry Forum on Real Estate Investment and Law Updates in Bangkok, Real Estate School, Malaysia-based Truevenus' 5th Annual Modular & Precast Construction and Petroleum Institute of Thailand.

Send a message to learn more

11/07/2025

In this edition of Legal Brief – Property Law & Tax Law, we cover key legal updates:

1. Property Law Update: Introduction of new standard form contracts for residential leases, detailing mandatory terms and tenant protections.

2. Tax Law Update: Revenue Department’s revised stance on withholding tax for software license fees paid overseas, aligning more closely with OECD guidelines—potentially ending withholding tax on such payments.

#15%WithholdingTax

Legal Brief - Property & Tax Updates 1. Property Law Update: New Standard Contracts for Residential Leases The Contracts Committee under the Consumer Protection Act, B.

08/05/2025

In this edition of the Labor Law Newsletter, we explore two crucial issues for HR professionals in Thailand:

1. Employee Health Data – Insights from the PDPC’s Subcommittee ruling on how companies can legally manage employee health data (especially in circumstances where employee consent is not really needed).

2. Outsourced Foreign Workers – A review of the Council of State’s ruling addressing the legality of prohibiting the outsourcing of unskilled foreign workers.

1. Ruling on Employer’s Processing Employee’s Health Data for Making the Healthcare Welfare Payment As the Personal Data Protection Act, B.

07/03/2025

This article will introduce the two Supreme Court Judgments addressing the legality of a quasi 90-year property lease and the actual criminal sanctions for illegal use of Thai nominee Shareholders. These Judgments provide crucial insights into property law and the legal landscape in Thailand.

Case Law Updates: Court’s Invalidating the 90 Year Lease and Court’s Granting the Suspended Sentences for Those Involved with Thai Nominee Shareholders Recently, the two Supreme Court Judgements have been reported that may of interest to certain foreign residents who are staying or planning to s...

07/01/2025

Thailand adopts 15% Global Minimum Tax on MNCs in line with OECD/G20 BEPS (Pillar 2). Brief details of the Top-Up Tax Emergency Decree and Thai government’s planned remedy are summarized in the article. This Top-Up Tax will affect MNCs operating in Thailand, regardless of industry.

GMT # Thailand-GMT # Top-UpTax # IIR # UTPR # QDMT # OECD # BEPS # Pillar2 #

Thailand's Global Minimum Tax, GMT, Thailand GMT

27/10/2024

Guide to Personal Income Tax on Foreign Sourced Income

https://www.linkedin.com/pulse/guide-personal-income-tax-foreign-sourced-narit-direkwattanachai-ehdxc

This guide will be useful foreign individuals living in or thinking about moving to Thailand.

Our firm is pleased to present our comprehensive guide on the implications of Thai personal income tax pertaining to foreign sourced income in light of 2023 reinterpretation of Section 41 of the Thai Revenue Code and new developments. The guide aims to provide clarity and insights for individuals na

07/06/2024

Revenue Department’s English Guideline on Thai Taxation on Overseas Income

Since late 2023 the Revenue Department has re-interpreted Section 41 of the Revenue Code to collect Thai personal income tax on foreign sourced income derived from 2024. The department has issued an English version of a guideline on taxation of foreign sourced income in the below link since late April 2024.

https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf

It is noteworthy that previously the department used to issue the guide line on this same topic in Thailand back in November 2023.

https://www.rd.go.th/fileadmin/download/news/question_p161_162.pdf

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18/01/2024

Thai Taxation on Overseas Income & Tax Treaties’ Relief

https://www.linkedin.com/pulse/thai-taxation-overseas-income-tax-treaties-relief-direkwattanachai-uqsje?trk=article-ssr-frontend-pulse_more-articles_related-content-card

As Thailand has already begun to its tax residents on overseas income, this article will walk you through how some tax treaties may help those Thai tax residents in some limited circumstances.

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11/01/2024

Thailand to Tax Overseas Income of Thai Tax Residents

https://www.linkedin.com/pulse/thailand-tax-overseas-income-thai-residents-narit-direkwattanachai

In light of complaints from many taxpayers, the Revenue Department recently issues Department Instruction No. 162/2566 dated November 20, B.E. 2566 (2023) to amend the Department Instruction No. 161/2566 so that the re-interpretation shall not apply retroactively to any pre-2024 foreign sourced income. But under the amended Department Instruction No. 161/2566, the reinterpretation of tax law shall apply for any assessable income derived in 2024 or any subsequent year. Effectively, any foreign sourced income derived in 2023 or any previous calendar year shall not be subject to personal income tax if such pre-2024 income is not derived into Thailand in the same calendar year in which such pre-2024 is derived under the previous interpretation. In other words, the previous interpretation applies to any pre-2024 foreign sourced income and the re-interpretation applies to any post-2023 foreign sourced income.

After the Revenue Department issued the Department Instruction No. 161/2566 dated September 15, B.E. 2566 (2023) (the “Department Instruction No. 161/2566”) to re-interpret tax law on foreign sourced income (to impose personal income tax on any foreign sourced income even if such foreign sourced income is not remitted into Thailand in the same calendar year in which it is derived), the Department Instruction No. 161/2566 has become problematic for certain taxpayers because originally the Department Instruction No. 161/2566 imposes the re-interpretation of tax law applying retroactively to any assessable income derived prior to 2024. Some taxpayers complain that they never keep the records because they were told personal income tax was not applicable (under the previous interpretation).

Thailand taxes its tax residents based on residency basis and at least in theory a Thai tax resident pays Thai personal income tax on worldwide income. But Revenue Department’s existing narrow interpretation of Section 41, paragraph 2 of the Revenue Code results in many Thai tax resident (Thais or...