On the 10th of January 2023, the Chairman of the Wage Committee issued a notice relating to wage rates according to skill standards. These amendments came into force on the 29th of January 2023. Employers are required to pay their employees according to the skill standard which the job description and position require, the rates […]
Cryptocurrency is not a new asset class, rather it is one that has exponentially risen in popularity in recent years. With such growth in users, governments internationally are seeking to create regulatory frameworks which protect consumers in this new financial system. The SEC has drafted two new proposals which would change the way cryptocurrency is […]
Thailand is stepping up its efforts to reestablish its competitiveness in the rapidly evolving global landscape, especially in the aftermath of the COVID-19 pandemic. With the goal of achieving inclusive and sustainable growth, the country is seeking to capitalize on its past successes and scale up future opportunities through its new Five-Year Investment Promotion Strategy […]
On the 17th of January 2023, the Director-General of the Revenue Department issued a notice Relating to Income Tax (No. 432) on income-tax exemption for Community Enterprises. These regulations apply to income received from the 1st of January 2023 until the 31st of December 2025. A Community Enterprise (CE) can be either an ordinary partnership […]
On the 29th day of December 2022, the Revenue Department issued a Notice relating to Income Tax (No. 431) on income paid for buying goods or services. The Notice took effect from the 1st of January 2023. The principles, procedures and conditions regarding such income are prescribed below, pursuant to Article 1 and Article 2 […]
On the 18th January 2023, a notice issued by the Thailand Board of Investment was published, adding the following provisions as Chapters 1-7 of the Schedule annexed to Notice of Board of Investment No. 2/2557 dated 3rd December 2014. Chapter 1: Agriculture and Agricultural Produces Category Conditions Privileges 1.27 Energy Crop […]