On October 14, 2021, Thailand’s Board of Investment (BOI) published an explanatory note (Note) on an earlier update about investment promotion for software development, digital platforms, and digital content. The noted followed the 16 September 2021 BOI’s announcement in regard to the consolidation of the list of promoted digital activities—‘software’ (5.7), ‘e-commerce’ (5.8) and ‘digital […]
The enactment of the Copyright Act No. 5 B.E. 2565 (the “Act”) is a necessary step to enhance the protection of copyrighted work in Thailand, in accordance with the technological changes, and to comply with the World Intellectual Property Organization’s Copyright Treaty, which Thailand will become a signatory of. The sanctioning of the Act complies […]
Thailand’s Board of Investment (BOI) has recently enhanced existing investment incentives and conditions to fast-track the growth of the Electric Vehicles (EV) domestic market and swiftly develop the necessary infrastructure of charging stations. Previously, only larger projects would benefit from tax exemptions. Specifically, currently investments in charging stations with no less than 40 chargers, one […]
Thailand’s Minister of Finance, Mr. Arkhom Termpittayapaisith, announced that the Cabinet has resolved to extend tax measures to promote the use of biodegradable plastic products. This program aims at supporting entrepreneurs to reduce the use of non-biodegradable plastics, with the expectation that the use of biodegradable plastics will increase by 10% (68,978 tons). The total […]
Thailand currently leads the world in the proportion of internet users that hold cryptocurrencies at 20.1%. Cryptocurrencies are the most well-known use of blockchain technology and there are considerably more uses. The BOI have recognized the potential impact this pivotal technology could have in future proofing Thailand. What is the blockchain and its evolution The […]
From aspiring business empire builders to those with ideas that could revolutionise an industry, funding growth can be a sticking point. Commonly, many ask friends and family; others acquire debt from institutions that have rights at liquidation before the owners; some may opt for offering ownership of a portion of their company to fund this […]