Nailing the Biggest Opportunities in Thailand for Singapore
From the development of the Eastern Economic Corridor (EEC) ample opportunities are arising in Thailand, particularly across the ten targeted sectors. Medical and wellness tourism, Next-gen automobile, Smart electronics, Robotics, Medical, Aviation and logistics, Digital, Food for the future, Agriculture and Biotech, and Biofuels and biochemical Particularly, Singaporean companies with great expertise in the aviation […]
So, What should Your Monthly Financial Statement in Thailand Include?
These are what your monthly financial statement must include; Income – What type of income should be there? Accrued income or monthly accrual basis of expenses; Any income from rendering services or selling products, although cash has is not received; it is to be recognized as income. However, for the same, the amount received should be deposited to the bank; Expenses […]
Are You Obliged to Pay Withholding Tax in Thailand?
Any Thai company that pays taxable income to companies or individuals is obliged to withhold income tax depending on the provision of the Revenue Code of Thailand and remit the same to the Revenue Department. Below mentioned are the situations when you need to pay a withholding tax in Thailand; If You are Individual Taxpayer […]
Thai Consumer Confidence Index Seen Improving
A sharp comeback in the number of Chinese tourists and strengthen public confidence in the expansion of the economy have been witnessed after an election date. The University of the Thai Chamber of Commerce expects spending more during Valentines and Makha Bucha Day at nothing lesser than 6.3 billion baht. The Economic and Business Forecasting […]
Annual Tax Filing in Thailand: Annual Financial Statement
Any juristic person with the registered legal entity must submit a financial statement to the Department of Business Development yearly regardless of its operational status. It is very important for annual tax filing in Thailand. It is applicable for the following bodies: Registered partnership (limited partnership and juristic ordinary partnership); Juristic person (doing business in […]
Pattaya: Beyond the Natural Beauty
Historically, Pattaya has been a hub for development and its most important areas are Wong Amat, Jomitien, Na Jomitien, and Phra Tamnak. In the past, a huge condominium market was developed. Coming straight to the time now, in 2018 Pattaya was listed as the 18th most-visited city in the world that attracted 8.67 million international […]
China is Discovering its Belt and Road Project
The chief of the Information and Technology Research Department of China Outsourcing Unit said that the outbound direct investment in China has increased 10 fold. And most of them were concentrated on the Belt and Road countries, which includes Thailand, and Laem Chabang port (an important component in the government’s plan to develop the Eastern Economic […]
Do You Need a Work Permit in Thailand for Businesses under US-Thai Treaty of Amity?
To know whether you will need a Work Permit for Amity Treaty Company in Thailand, you must know about the treaty relations. American individuals and businesses are allowed to own majority (more than 51%) shares of a Thai Limited Corporation through a US Treaty of Amity Company. The US Treaty of Amity also allowed American […]
Japanese Investment in Thailand Robotics is Surging
As you may know that Robotics in Thailand is on rising demand, not only in Asia, but also around the globe, the maximum investment has been from Japan. Presently, there is 25% of Japan’s automotive manufacturing output in Thailand. And it is expected by the Chairman of the Yaskawa Electric Corporation that the local automotive […]
What Makes Thailand an Ideal Place to Invest in BOI Logistics?
Situated at the mainland Southeast Asia’s mainland, the country shares a land border with the neighboring countries. Physically, there are 30 Thai provinces connected with Cambodia, Malaysia, Laos, and Myanmar. Hence, logistics has to be really strong. To go by the statistics “86% of the cargoes are moved by road, 12% by train, 2% by […]
