Thai Cabinet Approves Schemes to Help Offset Losses during COVID-19
The cabinet approved packages to stimulate domestic tourism and help in offsetting losses resulted from absence of the foreign tourists during the COVID-19 crisis. They are as follows; The 40% hotel subsidy to 3000 Baht per night will be extended to 10 nights with the subsidy (air ticket) doubled to 2k Baht Two stimulus packages […]
How Safe would It be to Travel to Thailand or Any Other Foreign Country During COVID-19?
Not sure about other foreign countries, but Thailand has set-up a system of virus control in place to welcome their tourists back. However, visitors’ return would be in a limited number of arrivals only, so as to test the virus control measures. Understanding that the tourists could bring a new wave of the virus with […]
Tax Lawyers in Thailand and Their Field of Expertise
Usually, tax lawyers in Thailand can be seen offering the below-mentioned taxation services; Corporate Tax Personal Income Tax Tax Planning Value Added Tax (VAT) Withholding Tax The professionals are expected to have sufficient technical proficiency, knowledge, and experience. And they may have a good rapport with tax authorities in Thailand, prompting them to do their […]
How to Open Bank Account in Thailand
If you are looking to open a bank account in Thailand, you can choose from any of the below mentioned types. Savings Account A tourist can even open a savings account with some Thai banks. According to the Bangkok Bank’s guidelines a 30-day arrival stamp is enough for the work. Current Account If you are […]
What You Must Know about Work Permit in Thailand?
If you are looking for work permit in Thailand, then you must know that the employing must have; a paid-up Registered Capital of at least 2,000,000 Baht; AND employing 4 Thai employees. So, how do you know if you are eligible to apply for work permit? If you have been/are; Offered a job in Thailand […]
Thailand Board of Investment Approves Projects to Produce Electric Vehicles
Below mentioned are three types of electric vehicles approved by the Thailand Board of Investment; Hybrid Electric Vehicles (HEV) Plug-in Hybrid Electric Vehicles (PHEV) Battery Electric Vehicles (BEV) Approved Projects Mitsubishi Motors (Thailand) Co. Ltd, with its 5.48 billion baht investment for upgrading their production line at the Laem Chabang Industrial Estate; Sammitr Group with […]
When Your Company should Estimate Tax Liability and Do Half Yearly Reporting in Thailand?
Your company must calculate its annual net profit and its tax liability and pay half of the estimated tax amount in 2 months after the first 6 months of the accounting period. For example: If your company’s accounting period ends on December 31 – the first six months constitute the months of January – June. Your […]
Should Opening an Online Entertainment Business in Thailand be a Wise Decision? How to Do?
As we all are aware of how the online world has taken over almost everything, opening an online entertainment business can be a good choice. It could be anything from series, shows or online games. Considering the present situation, online games have gained huge popularity; not that it was any less before, but surely it […]
Two State Banks and BOI to Assist SMEs Affected by the COVID-19
The Board of Investment had joined hands with two state-backed banks to assist the SMEs affected by the pandemic. The BOI worked with the Small and Medium Enterprise Development Bank of Thailand (SME D Bank) and Export-Import Bank of Thailand (EXIM Bank) to arrange a seminar online to speak on “SME solution for the COVID-19 […]
The Biggest Cash Injection Ever in Southeast Asia’s 2nd Biggest Economy
A whooping 1.9 trillion baht package has been approved by Thailand’s parliament as Southeast Asia’s second-largest economy is likely to contract by 6% to 7% in 2020. Parliament’s lower house on Sunday voted for the approval of the three main emergency decrees, offering financial support to the businesses. It is expected that the first decree […]
