Before the issuance of Orders No. Por.161/2566 and No. Por.162/2566, Thailand’s approach to taxing foreign-sourced income was conditional. According to the law, foreign income had to be included in the personal income tax calculation if two criteria were met: 1. The individual resided in Thailand for 180 days or more in any given tax year. […]
In a bid to revitalize the domestic economy and further promote the tourism sector, the Thai government has recently introduced an overhaul of its visa schemes. Below is a comprehensive overview of the new measures: Short-Term Plan (Effective from June 2024): 1. Visa Exemption and Temporary Stay: Travelers from 93 countries and territories, including prominent […]
Inheritance tax in Thailand is governed by the Inheritance Tax Act B.E. 2558 (A.D. 2015), which became effective on February 1, 2016. This legislation was introduced with the intention of creating a more equitable tax system, targeting the wealth inherited from deceased individuals to ensure fairness between high and low-income earners. Key Provisions and Liabilities […]
In recent years, Thailand has made significant strides in the regulation of digital assets, seeking to balance innovation and investor protection within its financial ecosystem. As digital assets like cryptocurrencies and tokens gain prominence globally, Thailand has positioned itself as a forward-thinking jurisdiction by implementing comprehensive regulatory frameworks and tax incentives to foster the growth […]
In a landmark decision during the May 14th cabinet meeting, Thailand has launched a new visa scheme aimed at invigorating foreign investment in the Eastern Economic Corridor (EEC). The EEC is a pivotal economic zone encompassing three eastern provinces, dedicated to advancing industries such as future automotive, smart electronics, health tourism, agriculture and biotechnology, robotics […]
The surge of IPOs in Southeast Asia amid global headwinds reflects a resilient entrepreneurial spirit and an evolving investment landscape in the region. Despite the challenges posed by geopolitical tensions, economic uncertainties, and the lingering effects of the pandemic, companies in Southeast Asia continue to pursue initial public offerings with fervor. This trend underscores several […]