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 […]
Worst Passwords of 2024: A Wake-Up Call for Digital Security
The latest annual study from NordPass on the 200 most common passwords globally highlights a persistent issue: many people continue to choose weak and predictable passwords, leaving their accounts highly vulnerable to cyberattacks. Key Findings Most Popular Passwords: “123456” remains the most widely used password worldwide, followed closely by “123456789” and the aptly named “password.” […]
Software Business Eligible for Thailand BOI Promotion
The latest BOI regulations have set forth several key requirements for software businesses to be eligible for promotion, with a focus on local development, hiring Thai IT professionals, and using advanced technologies. These regulations also provide clarity on how companies can include software developed before applying for BOI promotion, provided they continue to innovate and […]
Harnessing AI: PKF’s Insights on Emerging Technology and Business Adaptation
Exclusive Summary The recent advancements and strategic priorities in technology to drive business growth and resilience. Key Highlights Emerging Technology Trends– Increased adoption of AI and Machine Learning for operational efficiency and advanced data insights.– Emphasis on enhancing Cybersecurity measures to safeguard critical infrastructure.– Transition to Cloud Computing for scalable and flexible business operations. Organizational […]
Businesses in Thailand That Do Not Require a Foreign Business License (FBL)
Exclusive Summary Foreign Business License (FBL) under the Foreign Business Act (FBA). It provides guidance for foreign investors to explore these options, leveraging specific legal frameworks and incentives. Key exemptions include: BOI-Promoted Companies: Businesses in high-tech, digital industries, and renewable energy can enjoy tax benefits, work permits, and land ownership without needing an FBL. U.S. […]
Who and what to do when being audited on the issue of Transfer Pricing?
Are you a foreign tax resident in Thailand? Here are the pending changes in tax legislation regarding foreign sourced income that you need to be aware of.
Shareholders who are individuals and the consideration of related companies
Are you a foreign tax resident in Thailand? Here are the pending changes in tax legislation regarding foreign sourced income that you need to be aware of.
Notification of the Director-General of Revenue Department on TAX (No.407)
Notification of the Director-General of the Revenue Department regarding Income Tax (No. 407): Prescrip
Advance Pricing Agreement (APA)
Are you a foreign tax resident in Thailand? Here are the pending changes in tax legislation regarding foreign sourced income that you need to be aware of.
Microsoft Thailand Collaborates with NCSC to Strengthen Cybersecurity in Thailand
Bangkok, Thailand – May 28, 2024 – Microsoft Thailand today announced a collaboration with the National Cyber Security Agency (NCSC) to join the Government Security Program (GSP) to exchange cybersecurity information, knowledge, and insights in a transparent manner, aiming to strengthen cybersecurity in Thailand. The Government Security Program (GSP) is a global initiative where Microsoft […]
