Foreign business restrictions relaxed

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The Ministry of Commerce has enacted a new regulation to add the provision of loans and certain services to related companies to the list of service businesses that do not require a foreign business license under the Foreign Business Act.

New Property Tax Law in Thailand

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The new law replaces the current House and Land Tax Act and the Local Development Tax Act and aims to encourage the productive use of land and improve tax collections. Taxes will commence to be collected under the new law from 1 January 2020.

BOI Update – May 2018

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The Thailand Board of Investment (BOI) has approved investment incentive schemes for “Smart City,” an initiative that will employ advanced IT systems and innovations to improve quality of life.