Thailand: Tax relief measures for debt restructuring

Thailand: Tax relief measures for debt restructuring

Measures in Thailand provide tax benefits for debt restructuring.


An exemption from taxes and fees is available with regard to debt restructuring for income derived from certain events that are performed or executed during the period from 1 January 2020 to 31 December 2021.

The tax relief includes an exemption from tax on income derived from the transfer of assets, sale of goods, service provision, and execution of dutiable instruments for debt restructuring. A tax exemption is also available with regard to (1) income from the transfer of immovable property to a person who is not the creditor for an amount up to the amount of the loan payable or the obligation under the debt guarantee agreement; and (2) the execution of the dutiable instrument due to the transfer of immovable property.

Read a December 2020 report prepared by the KPMG member firm in Thailand

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