In a significant development for the automotive sector in Thailand, the Board of Investment (BOI) recently unveiled measures aimed at fostering investment in industries critical to national development. The announcement, issued on December 8, 2022, outlines key provisions tailored to support automotive industry operators and drive growth in the sector. Eligible Business Scope for Investment […]
In the realm of international trade, documentary credits, commonly known as letters of credit (LCs), serve as a fundamental tool for fostering trust and security. They play a crucial role in facilitating seamless transactions across borders by mitigating risks and ensuring compliance. In this article, we explore the merits of documentary credits and examine their […]
In today’s dynamic business landscape, virtual office services have emerged as a popular choice for entrepreneurs seeking flexibility and convenience. These services offer a range of benefits, including a registered business address and access to virtual assistant support and meeting facilities. However, amidst the growing popularity of virtual offices, questions often arise regarding their VAT […]
Proposed Fee Regulations Under Air Navigation Act (Version 14) B.E. 2562 The Ministry of Transport has introduced a draft regulation aimed at establishing fees for new licenses under the Air Navigation Act (Version 14) B.E. 2562. This initiative is a significant step toward aligning cost considerations and economic viability within the civil aviation sector. At […]
Financing Public-Private Partnership (PPP) projects is a multifaceted endeavor that requires a strategic approach to leverage various sources of capital effectively. In recent years, the landscape of infrastructure financing has evolved significantly, driven by the increasing demand for sustainable development and the need for innovative financial solutions. Understanding the diverse range of financing models, infrastructure […]
The Cabinet has approved the draft principles of a Royal Decree in accordance with the Tax Law on Tax Exemption (Draft No. …) B.E. …, as proposed by the Ministry of Finance (MOF), and has instructed the Office of the Council of State to proceed with further actions. The proposed Royal Decree by the Ministry […]