Effective from 16 October 2019, when a new company is registered with the Department of Business Development (DBD), it will also be registered as an employer with the Social Security Office (SSO).
VAT on foreign e-commerce businesses expected to be effective in 2020
The government has indicated that it is likely that the law will come into effect in 2020, in an effort to boost VAT collections.
Cloud accounting – sending your financials sky high
Cloud accounting software is revolutionising how businesses manage their finances.
Foreign business restrictions relaxed
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
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.
Incentives for Smart Cities in Thailand
Thailand’s Board of Investment (BOI) has launched investment incentives to promote the development and management of “Smart City Development Projects”
BOI Update – May 2018
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.
Thailand launches new SMART Visa Program
Thailand has launched a new visa program, called SMART Visa, to attract foreign experts and investors to work or invest in ten targeted industries. The program’s main attraction is a 4 year visa with no requirement to obtain a work permit.
17% flat tax rate for employees working in targeted industries in the Eastern Economic Corridor (EEC)
17% flat tax rate for employees working in targeted industries in the Eastern Economic Corridor (EEC)hlbthailand Qualifying employees who work for a company that conducts business in targeted industries located in the EEC i.e. the Chachoengsao, Chonburi, and Rayong Provinces located on Thailand’s Eastern seaboard, may now choose to pay personal income tax rate at a flat rate of 17%. … Read More
