Reduced Interest Rate for Unpaid Customs Duties Extended In June, the Minister of Finance issued a Ministerial Regulation extending the COVID-19 response measure that reduced the interest rate on unpaid customs duties. After the prior interest reduction regulation expired on March 30th, 2022, the interest rate consequently returned to pre-pandemic level. The Regulation issued in […]
On the 19th of May 2022, the Ministerial Information Bulletin No. 10820 published the Ministerial Regulations No. 382, B.E. 2565 (2022) issued by the Minister of Finance in response to the economic effects of the COVID-19 pandemic. The Regulations concern a series of tax and duty exemptions applicable to subsidies and benefits received under economic […]
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 […]