9 Types of Business Entities in Thailand
9 Types of Business Entities in Thailand Thai Limited Liability Company Typically, it is governed by the Civil and Commercial Code, requiring at least 3 shareholders and 1 promoter. A Thai Limited Liability company can be fully foreign owned. In the majority of the cases, minimum 51% of the shares are held by the Thai […]
How to Do Bookkeeping for Sole Proprietor: Explained
How to Do Bookkeeping for Sole Proprietor: Explained You know already how important it is to keep accurate financial records, especially for a sole proprietor. I mean if you are a sole proprietor you already know the challenges you face every day. Any sole proprietor is personally responsible for the personal assets and business debts. […]
Congrats Foreign Investors! 51% Thai Ownership Rule in Aviation Industry is No More
Congrats Foreign Investors! 51% Thai Ownership Rule in Aviation Industry is No More Good news! The cabinet has recently passed a new bill on the civil aviation, authorizing the Civil Aviation Board to fix the foreign ownership proportion in aviation business in Thailand. Similarly, it aims at bettering Thailand’s aviation industry to enable it to […]
List of Tax and Non-Tax Incentives Granted to BOI Registered Companies
List of Tax and Non-Tax Incentives Granted to BOI Registered Companies I am sure you know already that a BOI registered company gets to enjoy many tax and non-tax benefits. While you may know a few, there are a lot more than what you can imagine. Typically, the BOI incentives are offered based on the […]
Why and How You Should Start Branch Office in Thailand?
To a lot of people, I have been advising them to set up a branch office in Thailand. Why? Because a parent company can control on operations of its subsidiary; say, it will be easier to have a common operating system to manage the subsidiaries. This means the chances of operational chaos would be lesser. […]
5 Tax Saving Tips by Tax Experts in Thailand
5 Tax Saving Tips by Tax Experts in Thailand When you are self-employed, you pay everything, from 12.4% of Social Security to 2.9% for Medicare. While employees pay 6.2% of their earnings for Social Security, the self-employed will pay more than 15%. And if your business earned more net profit, you owe Self Employment (SE) […]
Top 10 FAQ on Thai Business Visa – Thailand Business Visa
Top 10 FAQ on Thai Business Visa I want to carry out business in Thailand. What type of Thai business visa do I need? Note I am a foreigner. You will need to obtain B visa if you wish to do business in Thailand. I am a Brazilian. Do I need a visa to do […]
Top 5 Easy Ways To Save Income Tax in Thailand
5 Easy Ways To Save Income Tax in Thailand Who doesn’t want to save income tax in Thailand? All, of course, particularly the expats. When you are filing your return the appropriate taxable income must be reported. And this could be any income that is related to your employment in Thailand. Also, a Thai tax […]
Wait! Have a Look at This before You Appoint a Certified Public Accountant Thailand
Wait! Have a Look at This before You Appoint a Certified Public Accountant in Thailand Are you on a look-out for a certified public accountant in Thailand? So, are you well informed about them? I mean do you know what to expect from them, what are their roles and responsibilities and how accounting professions were […]
Here’s What You Must Know About Auditing Standards in Thailand
Are you looking for auditing services in Thailand? Cool! But are you aware of the auditing standards in Thailand that your auditor must cater to? If not, let’s take a look at them; TSA 200: Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with International Standards on Auditing TSA […]
