H&P Tax lawyer’s team in Thailand would like to share the following tax update announced in August 2025 that affects Personal Income Tax of art collectors in Thailand. The new policy implemented by the Thai Revenue Department goes in two directions.
Firstly, the new tax policy supports the art collector in Thailand or the purchaser of art pieces in the way that the actual amount paid can be deducted from the personal income tax on that period but should not exceed more that THB 100,000 per year (1 January 2025 – 31 December 2027).
In addition, the art piece must be acquired from a Thai national artist, artist who has been awarded the Silpathorn Artist Award or a Thai artist registered with the Contemporary Visual Office.
The art collector needs to request the tax invoice or receipt under their name, address, and Tax ID number to support the personal income tax filing.
Secondly, this also supports the Thai artist. Before with the old policy the artist could deduct in the PIT filing a 30%. With the new tax policy of the Revenue Department in Thailand, the personal expense rate will be a 60%, effective since 1st of January 2025 onwards.
H&P is glad to acknowledge the Thai government announcement of the approval of the draft of Tax amendment as we are the law firm in Thailand with the largest and more extensive art collection of Thai, Spanish, Argentinian and Italian artists.
If you need to consult about taxation in Thailand, please contact our Tax and Accounting team at [email protected]
