Tax Filing Deadlines in Thailand in May 2022
If you are doing business in Thailand, paying taxes on time is one of the most important statutory requirements. According to the Thai Laws, governed by the Department of Business Development and Revenue Department, all types of taxes in Thailand need to be filed in a pre-declared frequency round the year. This article intends to […]
Personal Income Tax in Thailand on Rental Properties
For rental properties in Thailand, foreign investors can hold the property in their own name or through an offshore company. Moreover, the preferable ownership structure will necessitate a thorough examination of the associated costs and benefits. Additionally, it takes into consideration the owner’s special circumstances. However, the foreign leaseholder will fall in the bracket of […]
Specific Business Tax in Thailand: Complete Guide
The goal of this guide is to emphasize the major principles of Special Business Tax in Thailand. Note that, this type of Tax was enacted in 1992 and is levied on specific categories of businesses. However, let us know more about Specific Business Tax in Thailand. What is Specific Business Tax in Thailand? Specific Business […]
What is Statutory Audit in Thailand?
Audits which are strictly in compliance with Thai Auditing Standards are Statutory Audit in Thailand. It is mandatory for both Thai and Foreign businesses earning profit in Thailand to go for this audit. In Thailand, qualified experts execute the functions of Statutory Auditors for companies with headquarters elsewhere. These experts must be Certified Public Accountants […]
Annual Audit in Thailand for Foreigners
All legal entities, partnerships, foreign company branches, and joint ventures in Thailand are required to prepare financial statements for each accounting period. For the best information and support on Annual Audit in Thailand, read through this article carefully. With the exception of a registered partnership under Thai law, whose total capital, assets, and revenue are […]
Benefits of Industrial Estate Authority of Thailand for Foreigners
The Industrial Estate Authority of Thailand (IEAT) is part of the Ministry of Industry aims to expand the industry sector by the Industrial Estate Authority of Thailand Act (‘the IEAT Act’). The IEAT’s aim is to improve industrial estate and industrial port management so that they can function as ideal strategic production and service bases […]
Private Limited Company in Thailand for Foreigners
A Private Limited Company in Thailand is the most popular business form in the kingdom. It is popular among foreign enterprises and entrepreneurs wishing to grow into the Thai market. Additionally, foreigner investors prefer this category, as it allows them to own property, live, and work in Thailand. Thailand encourages foreign direct investment. However, foreign […]
Business in Thailand for Japanese: Comprehensive Guide
Japan has been Thailand’s leading investor for the past five years, according to the Foreign Business Operations Act of 1999. (FBOA). The Thailand Board of Investment (BoI) is the government agency in charge of giving investment incentives. According to its latest announcements, Japan leads the list of FDI source nations in 2021. Business inflow from […]
What Can You Do With a Tourist Visa to Thailand?
A Tourist Visa to Thailand is provided to a foreigner whose sole purpose for visiting Thailand is for personal enlightenment, sightseeing, recreation, shopping, or a casual get-together with relatives and friends. Other than that, a tourist visa does not allow you to do anything else. When visiting a foreign country, an individual must obtain a […]
Property Taxes in Thailand: No Change in 2022
Are you a Property Owner in Thailand? Or are you planning to Purchase a Property in Thailand? In any or both the cases, you must have an apt knowledge about the recent protocols on Property Taxes in Thailand. According to Finance Minister Arkhom Termpittayapaisith, the land and building tax is still granting a payment discount […]
