In a bold move aimed at elevating Thailand’s position as an attractive destination for foreign investments, the Eastern Economic Corridor (EEC) has recently approved a comprehensive package of incentives. These include a 10-year visa, streamlined work permit procedures, and an enticing 17% flat tax rate for foreigners engaging in the EEC’s strategic economic activities. The […]
The recent decision by the Cabinet, upon the proposal of the Ministry of Foreign Affairs, to approve and support the Economic Cooperation Framework between Indonesia and the Pacific (IPEF) stands as a pivotal step toward fostering economic resilience, particularly in strengthening the robustness of supply chain systems. This resolution underscores the commitment to join and […]
In an era marked by the ominous specter of climate change, international cooperation in mitigating greenhouse gas emissions has become an urgent necessity. As articulated in the Paris Agreement, the world has set an ambitious goal of achieving Net Zero emissions by 2050. This collective effort involves countries working together to reduce their carbon footprints […]
The Revenue Department of Thailand has undertaken a concerted effort to promote the adoption of a digital tax system within the country. This initiative is aimed at streamlining tax administration processes, particularly focusing on enhancing the efficiency of the value-added tax (“VAT”) refund system. According to Mr. Lavaron Sangsnit, the Director-General of the Revenue Department, […]
Artificial intelligence (AI) has experienced remarkable advancements in recent years, playing a pivotal role in revolutionizing various sectors, notably the financial industry and healthcare services. As AI technology continues to evolve at an unprecedented pace, the regulatory framework governing this rapidly expanding field is struggling to keep up. Thailand, in response to these developments, has […]
Thailand, with a vision to transition from an upper middle-income to a high-income nation by 2037, embarked on the Land Bridge project as a key strategy to boost economic growth. The project, which has already received cabinet approval, is a fundamental component of the country’s Southern Economic Corridor (SEC) development plan, aimed at seamlessly connecting […]