Archives

Reduction of the Contribution to Social Security Fund

With Thailand heading into economic recession as a result of the COVID-19 pandemic suffered nationwide, the employment sector has been adversely affected by the substantial market downturn. To cut costs during this abnormal operation, businesses are laying off employees and adjusting the monthly salaries paid to their workers. To acknowledge this economic situation, on 1 […]

Land and Building Tax: Clarified

With the effective date on 13th March 2019, the Land and Building Tax Act B.E. 2562 (“Act”) initially scheduled the implementation of tax collection on 1st January 2020. Nevertheless, due to the prolonged economic recession and the COVID-19 impacts which have been suffered nationwide, there have been two Royal Decrees enacted to reduce tax liability in this […]

Thailand Long Stay “Special Tourist Visa”

Since the start of the Covid-19 pandemic, the number of tourists in Thailand has been significantly reduced. The Thai tourism business and other related industries are severely affected by this situation. However, Thailand has been effectively controlling the spread of Covid-19 and the government is trying to restore the economy.  Hence, the Thai Cabinet just […]

Have your tax withheld at one step with e-withholding tax?

The new e-Withholding Tax system manages withholding tax completely in one step. As an electronic medium service that meets international standards of security, it is an alternative way to cover the withholding tax steps in what has been a daunting process and makes the system shorter and more pleasant. Expense on messengers and printing are […]

Automatic Visa Extension – The Last Visa Amnesty

After the Thai Immigration Bureau’s announcements for automatic visa extension back in March, April and June 2020, foreigners whose visa was expired could stay in Thailand until the end of July 2020 without any penalty for overstaying. There were many questions on what will be the next step for foreigners after the end of July […]

Thai Revenue Code to impose VAT on foreign digital transactions

After much consideration, Thailand is set to regulate tax revenues from foreign digital transactions by reforming its traditional tax system to cover loopholes that have been introduced by the global digital economies. This change is in line with its ASEAN neighbours, such as Singapore, Malaysia, and Indonesia, who have already issued similar regulations earlier this […]

Cyber Roundup – June 2020

Key Cyber Events The following is a rundown of what happened during the month of May 2020. We welcome your comments, insights and questions. The Department of Homeland Security and the FBI published a report on the 10 most commonly exploited software vulnerabilities over the past four years. The DHS and FBI are urging all businesses […]

Updated Guidelines for Foreigners with a Work Permit Entering Thailand

According to the Regulation Issued under Section 9 of the Emergency Decree on Public Administration in Emergency Situations No. 12, issued on 30th June 2020, the Thai government has allowed specified groups of Thai and foreign travelers to enter Thailand as of 1st July 2020. One of the permitted groups includes foreigners who have a […]

Government exempts hotels from annual room fee until 2022

Hotel businesses will be exempted from paying an annual fee to the government until 2022 to help reduce their burden in the aftermath of the Covid-19 outbreak. The Royal Gazette website on Wednesday (July 1) announced the ministerial regulation on exemption of the fee for hotel businesses. The regulation signed by Interior Minister General Anupong […]