As part of a global effort to curb tax avoidance and align with fair taxation standards, Thailand is preparing to implement the Global Minimum Tax (“GMT”) by 2025, complying with the Organization for Economic Co-operation and Development’s (“OECD”) framework. This initiative, spearheaded by the OECD and the G20 countries, introduces a minimum effective tax rate […]
In recent years, Thailand has positioned itself as a forward-thinking hub for financial innovation, particularly in the digital asset space. The Securities and Exchange Commission (SEC) of Thailand, in collaboration with the Bank of Thailand (BOT), has implemented key regulatory updates to better manage the growing use of digital assets and ensure their compliance with […]
In an effort to stimulate investment and economic development in Southern Economic Zones (SEZs) of Thailand, the Royal Decree No. 783 (issued on June 5, 2024) and the accompanying Notification from the Director-General of the Thai Revenue Department (No. 446, dated July 24, 2024) introduce significant tax rate reductions for both corporate and personal income […]
As Thailand looks toward the end of 2024, the government has announced its plans to implement a series of economic stimulus measures. These initiatives, outlined by Paopoom Rojanasakul, the Deputy Minister of Finance, are poised to inject new energy into the economy, which has been recovering at a measured pace post-pandemic. The proposed stimulus package, […]
Introduction Public-Private Partnerships (PPPs) are increasingly being adopted across the globe as a solution to meet the growing demand for infrastructure development, especially in emerging markets. These partnerships allow the public sector to leverage private sector efficiency, innovation, and financing capabilities. While PPPs come in many forms, this analysis focuses on those structured with availability […]
Thailand has been progressively aligning its energy regulations with international standards, focusing specifically on renewable energy technologies, including wind power. The series of Ministerial Notifications prescribing standards for wind turbine generators and their parts, published in the Royal Gazette, reflects this regulatory approach. Below is an overview and analysis of the energy regulations in Thailand […]