Incentives for Investments in Local Startups in Thailand
Thailand is providing tax incentives for investments in 12 different industries. This article intends to provide you with all the details that you must know before investing in local startups in Thailand. The information comprises the eligibility requirements, targeted industries, and tax incentives. The Thai cabinet granted Income Tax exemptions for investments in Thai startups, […]
Are you Liable to Pay Tax in Thailand?
Irrespective of whether you are a Thai or Foreign national, if you are earning in Thailand, you are liable to pay tax in Thailand. Obviously there are few exceptions and exemptions that you must know. This article aims to provide you with all that crucial information. Who is Liable? Individuals earning money from sources in […]
Half Yearly Tax Filing in Thailand
Companies subject to Corporate Income Tax (CIT) on net earnings must make tax prepayment. This prepayment is in the form of a half-year report in addition to the annual tax payment. This is applicable for businesses who are not making any profits. Read through this article to know more about the Half Yearly Tax Filing […]
Challenges to Know Before Starting Business in Thailand
Because of its strategic position and low-cost labor, Thailand’s expanding economy presents immense promise for businesses. But still, there are numerous challenges that you must overcome before starting business in Thailand. This article aims to provide you with all the relevant solutions to every associated challenge in doing the same. However, negotiating the Thai market […]
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 […]
