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 […]
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 […]
Does Your Business Need a Tax Expert in Thailand?
Okay. You may consider taking referrals from friends or colleagues or look online, especially if you want to ensure everything yourself, the later is possibly the best way to do it. You can directly look in the search engine or turn to online public forums or different social media business page to find about tax […]
Thai’s 4.1% Economic Growth Mark Reached Last Year
According to the fiscal policy report last year, the economic growth in Thailand could reach the 4.1% mark. Though, a 4.5% increase was expected earlier, after declining in export in the last two months of 2018 because of the trade war. Thus the expectation was kept at 4.1%, which Thailand could achieve for sure. […]
Did You Know the US Nationals can Enjoy Equal Business Rights as Thais?
Yeah! You got it right. If you are an American you can have 100% ownership of your company in Thailand. Also, the business objectives that will be available to you are going to be nearly as same as the Thai juristic individual or entity. All thank to the US-Thai Amity Treaty. However, to register a […]
