The new income tax treaty between the Philippines and Thailand entered into force on 5 March 2018. The treaty, signed 21 June 2013, replaces the 1982 tax treaty between the two countries.
Taxes Covered
The treaty covers Philippine tax on individuals, tax on corporations, tax on estates and trusts, withholding taxes, and stock transaction tax. It covers Thai income tax and petroleum income tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed con…