Thailand is transitioning to post-pandemic life as COVID-19 cases continue to fall. The government issued Stipulations No. 46 to relax public health measures and empower individuals to return to normal life. Furthermore, restrictions on domestic and international travel have been lifted to promote industry and tourism. The Center for COVID-19 Situation Administration (CCSA) shall revise […]
In June 2022, the National Electric Vehicle Policy Committee was established to examine the effectiveness of current state agencies that oversee the development of the electric vehicle (EV) sector and approve new action plans. The Committee will implement measures to promote the use of EVs. These measures include reducing or removing import duties, lowering tax […]
In May 2022, the Public Limited Companies Act (No. 4) B.E. 2565 (2022) was enacted to update current protocols and authorize public limited companies to take advantage of technological advancements. This 2022 Act is a series of amendments to the Public Limited Companies Act of 1992. The Act allows public limited companies to publish notices […]
The Thailand Board of Investment (BOI) announced new measures this June to increase investment in electric vehicle (EV) manufacture and infrastructure and smart industrial estates and systems. A total of THB 209.5 billion (USD 6.2 billion) was approved to promote growth in these sectors. Manufacturers will also benefit from reduced import duties and corporate income […]
In May 2022, the Royal Decree No. 743 B.E. 2565 (2022) issued under the Revenue Code declared that foreigners working in Thailand as highly skilled professionals on long-stay, non-immigrant visas will be taxed at a rate unique to their immigration status. Tax on a foreigner’s assessable income shall be withheld at the source at a […]
Penal Code Amendment Act (No. 29), B.E. 2565 (2022) In May 2022, the Parliament amended Section 73 and 74 of the penal code. These changes concern children under the age of 12 and 15 respectively. These changes were made to bring the penal code into alignment with childhood development and the social concerns of charging […]