Thai Law news: We not only share a Thai law article but also update it when laws, rules, and regulations change.
When you need to pay personal income tax in Thailand, you are entitled to standard personal income tax deductions before calculating your taxable income. The standard deduction amount varies based on income levels. Standard tax deductions rate start from 10% to 60%. In case there is no specific deductions rate the actual expenses shall be [...]
Since “Automatic Exchange of Information (AEOI)” (see AEOI 2022, AEOI 2023) has been effective. From September 2023, Questions about personal income tax for foreigners who live or work in Thailand become frequently asked questions. If you live or work in Thailand, you may be subject to personal income tax on income earned in the country. [...]
There are 2 types of Non-Profit organizations to be considered when establishing of non-profit organization in Thailand. The foundations or associations. In some countries, the association is well known as a federation. Here is guidance that provides you with information on basic legal including its form and nature, governing law, and tax matters. Form and [...]
Nowadays, in Thailand, condominiums are the most secure way for a foreigner when it is bought through a freehold Apartment, which means the full ownership belongs to the Buyer. This legal point may explain the success of this kind of purchase, and investment as shown by the numbers below: Real Estate Information Center (REIC)’s Research [...]
Social Security Fund is one of the Labor and Employment Legal Basics in Phuket and Thailand. As in many countries, the solidarity to permit all citizens to have access to the Health system occurs in Thailand. Inflation, new equipment, increase of the population in number and age make necessary some changes in regulation, law to [...]
International Exchange of Financial and Tax Information 2023 In 2022, we posted the article “Automatic Exchange of Information (AEOI) 2022” which has been effective from January 1, 2022, since then Thai financial institutions have been required to collect and share financial accounts and tax information with the Thai Revenue Department to comply with the automatic [...]
Nowadays, cryptocurrency has become a popular payment method. Also, this has become a frequently asked question at our law firm, especially when foreign investors want to buy real estate in Phuket. This article gives you the answer to the question of cryptographic regulations in Phuket. Definition Cryptocurrency is a digital or virtual currency that uses [...]
THAIFEX–Anuga Asia 2023, IMPACT Muang Thong Thani, Bangkok, Thailand, from 23-27 May 2023. The exhibition is organized by the Department of International Trade Promotion Ministry of Commerce, Thai Chamber of Commerce and Koelnmesse, aimed at promotion of the export of food and beverage products of Thailand. The exhibitors are provided with the opportunity to engage [...]
This article gives you 12 key points of the last amendment to Thailand’s Civil and Commercial Code No. 23 (CCC)1 which came into force on February 7, 2023. It is very helpful for both business startups and business expansion through a Thai limited company. Why is it helpful? Let's go over the new company [...]
Vehicle drivers or vehicle owners know that when they have to renew their road tax, if any fine remains unpaid, they will have to clear it before getting their new road tax document. Now a similar thing happens to Motorists who refuse to pay their traffic fines in Bangkok, they could face arrest under [...]