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 […]
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 […]
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. […]
Major Private Company Fined 7 Million Baht for Data Breach by PDPC
The Office of the Personal Data Protection Committee (PDPC) Imposes a Fine on a Major Private Company for Data Breach On August 21, 2024, Mr. Prasert Chantrarawongthong, the Minister of Digital Economy and Society (DE), announced that the PDPC has imposed a fine of 7 million baht on a major private company for allowing a […]
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.
Great news for Thai tax residents who earned income before January 1, 2024!
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.
Legal Guidelines | Procedures for Dividend Payment
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.
