In today’s rapidly evolving business landscape, the cultivation of highly skilled personnel in the fields of Science, Technology, Engineering, and Mathematics (STEM) has become a critical driver of economic growth and innovation. To encourage and support such development, the Thai government has introduced tax measures aimed at fostering the enhancement of employee skills in STEM […]
In line with the “Royal decree issued under the provisions of the Revenue Code Regarding Tax Exemption (No. 779), B.E. 2566,” dated 15th August B.E. 2566 (2023), effective from 16th August 2023 onwards, a notable development in the realm of taxation has emerged, specifically concerning income tax and Value Added Tax (VAT) exemption for investment […]
The Director-General of the Revenue Department has issued a set of comprehensive rules, procedures, and conditions, thereby heralding a new regime of corporate income tax exemption for investments in electronic data preparation systems, electronic data receiving systems, tax submission systems, as well as service fees disbursed to electronic data preparation service providers, electronic data remittance […]
Introduction: In response to the considerable impact of the COVID-19 pandemic on the real estate sector, the Thai government has implemented a series of tax exemption measures to stimulate real estate investment through Real Estate Investment Trusts (REITs). This academic analysis delves into the key provisions delineated within the Royal Decree Issued under the Revenue […]
Thailand’s digital landscape continues to thrive, establishing itself as a dynamic hub for various online sectors. E-commerce, in particular, has been a standout performer, witnessing a remarkable surge with a staggering 140% growth in sales between 2019 and 2021. This surge, the fastest in the ASEAN region, has propelled Thailand into the ranks of the […]
Household debt has become a crucial economic challenge in Thailand, affecting vulnerable segments of the population, such as low-income traders, farmers, and government employees. In a recent joint press conference, the Bank of Thailand (BOT) collaborated with various financial institutions to address this pressing issue and promote sustainable household debt relief. Notably, insights from prominent […]