Thailand’s New Minimum Wage Law 2025 -Important Update for Employers
Minimum Wage For 2025 Starting in 2025, Thailand has implemented an increase in the minimum wage across different provinces as follows: please find in PDF Minimum Wage for 2025 The wage adjustments are not only intended to support workers but also to ensure a fairer and more competitive labor market. This is especially important as it […]
Foreign Investment in Thailand: FBL Statistics Update (January–November 2024)
As of November 2024, the Ministry of Commerce has granted FBL approvals for foreign investment under the Foreign Business Act B.E. 2542 (1999) to a total of 884 businesses. This includes 202 businesses through direct foreign business licenses and 682 businesses through certificates of foreign business operations (through the BOI, IEAT, or the Treaty of […]
Legal Updates: Thailand Approves New Measures to Attract Skilled and Wealthy Expats
The epidemic of coronavirus disease 2019 (“COVID-19”) has been severed and protracted from 2020 until today. As a result, the Thai government has implemented strict epidemic prevention and lockdown measures to prevent the spread. Consequently, gross domestic product (“GDP”) and domestic investment are greatly reduced. Intending to inject foreign money into an economy and to […]
Transfer Pricing Documentation Requirements in Thailand
According to Section 71 bis and Section 71 ter of the Thai Revenue Code, taxpayers that have related parties and earn annual revenue of at least THB 200 million are required to prepare and submit a transfer pricing disclosure form within 150 days after the year-end (the same deadline as the Corporate Income Tax return […]
Legal Updates: Extending the Enforcement Period for Another 3 Years to Modify the Non-Qualifying Building for Hotel Business
On 6 August 2021, the Ministerial Regulations Prescribing Qualifications of Other Types of Building Used in Hotel Business Operation (No.3) B.E. 2564 (2021), issued by the Ministry of Interior, was announced in the Royal Thai Government Gazette in order to extend the period for the buildings which does not meet the requirement for obtaining a Hotel License but provides accommodation service on a short-term basis, which basically deemed […]
Amendment to Public Limited Companies Act B.E. 2535 (1992) and Introduction of Operational Efficiency
In the light of this digital era, the Cabinet of Ministers passed a resolution on May 11, 2021, to adopt the new Public Company Limited Act (“Drafted Legislation”) in order to modernize the corporate processes and provide operational convenience to the public limited companies under the Public Limited Companies Act B.E. 2535 (1992) (“Act”) by […]
