This note concerns establishment of a new tax regime called the International Business Centre (IBC) to replace the Regional Operating Headquarters (ROH), International Headquarters (IHQ), and the International Trade Centre (ITC).
Request ArticleThis update is concerned with providing an update on the reductions to Social Security Fund contributions as promulgated by the Thai Government on 14 September 2020
Request ArticleThis note provides a preliminary overview of the key elements of the law to be aware of when considering the assessment of personal income tax on income received by individuals from overseas sources.
Request ArticleThis note summarises the security measures issued by the Ministry of Digital Economy and Society in terms of what shall be required of companies wishing to conduct a Board Meeting or General Meeting of Shareholders through electronic means.
Request ArticleThese ten proposed amendments, if enacted into law, would deliver significant reforms to the governance and administration of Thai Private Limited Companies.
Request ArticleThis note focuses on measures introduced by the Thai government to reduce withholding tax rates and social security contributions in Thailand in response to the COVID-19 pandemic.
Request ArticleThere are a number of ways that a foreign non-profit or non-governmental organisation (NGO) may legitimately formalise their status in Thailand. The following review outlines the advantages and disadvantages of the three different legal vehicles most commonly associated with foreign non-profit organisations and NGOs operating in Thailand: a Foreign Private Organisation, a Thai Foundation and a Thai Association.
Request ArticleThe Foreign Business Act B.E. 2542 (1999) is the first piece of legislation that a foreign investor interested in Thailand should consider. Please contact us if you would like to read our full note on foreign business restrictions in Thailand, such as foreign ownership of equity in Thai corporate entities and the requirements for a minimal level of Thai ownership
Request ArticleDirectors of Thai companies are subject to a host of duties which they are legally obligated to abide by. This note provides answers to commonly asked questions regarding the obligations of the board of directors of Thai companies. Please contact us if you would like to read our full note on the obligations of company directors in Thailand.
Request ArticleThe rights and powers of the shareholders of Thai companies are governed by Thai law as well as each company’s articles of association. This note provides answers to commonly asked questions regarding the rights of the shareholders of Thai companies.
Please contact us if you would like to read our full note on shareholder rights in Thailand.
Request ArticleThe Land and Building Tax Act B.E. 2562 (2019), brings considerable changes as to how land owners and house/condominium/apartment owners are taxed in Thailand.
Please contact us if you would like to read our full note on the changes to land and building tax in Thailand.
Request ArticleThe Thai Revenue Department allows certain qualified vendors to issue, deliver and store tax invoices and receipts electronically. In particular, there are two different systems which are currently being administered – the ‘e-tax invoices and e-receipts’ system, and the ‘e-tax invoice by email’ system.
Please contact us if you would like to read our full note on e-tax invoices and e-receipts in Thailand.
Request ArticlePublished in the Bangkok Post – The benefits of listing on the SET or MAI are well known but the actual processes remain a mystery to many.
Request ArticlePublished in the Bangkok Post – Resolving differences between directors and shareholders can be challenging.
Request ArticlePublished in the Bangkok Post – Regulatory reform drive has made the country look good in World Bank rankings, but how sustainable will it be?
Request ArticlePublished in the Bangkok Post – Recent legal changes covering private-sector employment should be just the start of a broader scheme to serve an ageing society.
Request ArticleThis note provides a summary of the various licences and permits that may be required when constructing a building in Thailand.
Request ArticleThis note explores section 40 (4) (D) of the Revenue Code as it pertains to the application of income tax to income received by a shareholder as a result of a reduction of capital in a company.
Request ArticleThe Department of Business Development (the “DBD”) has issued a regulation (No. 13) stipulating that directors and shareholders of Thai private and public limited companies can hold their meetings by electronic means (e.g., telephone conference call).
Request ArticleThis Act allows business operators in Thailand to give security over a much broader range of assets than was previously the case, allowing business operators, especially SMEs, to more easily gain access to investment funds and sources of credit from financial institutions.
Request ArticleThis note provides a brief overview of the limitation periods regarding tax claims made by the Thai government.
Request ArticleThis note focuses on two pieces of legislation which concern bribery in Thailand– the Penal Code B.E. 2499 (1956) (“Penal Code”) and the Organic Act on Counter Corruption B.E. 2542 (1999) (“OACC”).
Request ArticleThis note deals with the fundamental restrictions on the ability of foreigners to own land in Thailand and the limited circumstances under which a foreigner may be exempt.
Request ArticleThe changes to the law on guarantees and mortgages provide substantial additional safeguards for guarantors and mortgagors and reduce the risk that they are exposed to. This note summarises the key changes, and provides some commentary where necessary.
Request ArticleThe Thai government offers attractive investment privileges to multi-national corporations which set up a regional operating headquarters in Thailand. In particular, there are potentially some considerable tax benefits available to a Thai regional operating headquarters.
Nevertheless, there are certain conditions and criteria that must be met in order for an entity to qualify for the status of a regional operating headquarters and therefore be entitled to such privileges.
Please contact us if you would like to read our full note on regional operating headquarters in Thailand.
Request ArticleThailand together with the other ASEAN states have committed to creating a single market and production base in the ASEAN region – the so called “ASEAN Economic Community” or “AEC” for short. The AEC envisages that there are substantially no restrictions to ASEAN persons in providing services and establishing companies (which provide services) across national borders within the region.
But what commitments has Thailand made to the liberalisation of its services sector within the AEC? And how might they implement their commitments in practice?
Please contact us if you would like to read our full note on the AEC and
the service sector in Thailand.
