The recent election of President Donald Trump heralds significant potential shifts in U.S. international tax policy, particularly affecting American expatriates residing in Thailand. Historically, the United States has adhered to a citizenship-based taxation system, obligating all U.S. citizens, regardless of their residence, to report and pay taxes on their worldwide income. This framework often results […]
I. What is the Global Minimum Tax? The Global Minimum Tax (GMT) represents a transformative approach to international taxation, targeting multinational enterprises (MNEs). Initiated by the Organisation for Economic Co-operation and Development (OECD), the framework aims to enhance fairness, reduce tax competition between countries, and address profit shifting. Thailand is a signatory to this initiative, […]
I. Current Tax Collection Regime in Thailand Thailand’s personal income tax system incorporates both territoriality and residency-based principles: ✓ Territoriality (Source-Based): Tax is imposed on all income generated within Thailand, regardless of the taxpayer’s residency status. ✓ Worldwide Income (Residency-Based): Residents must report foreign-sourced income if it is remitted into Thailand, regardless of the tax […]
The electric vehicle (EV) industry has become a cornerstone of global efforts to transition toward sustainable and environmentally friendly transportation. In this context, Thailand’s Board of Investment (BOI) has taken strategic steps to position the country as a major player in the EV supply chain. Recently, in collaboration with GAC AION, a leading Chinese EV […]
The intersection of artificial intelligence (AI) and neurotechnology has brought profound advancements, raising critical legal and regulatory challenges for companies operating in this space. While technology law, particularly AI-related regulations, has been a focal point for academics, legislators, and practitioners in recent years, healthcare law—though often less emphasized—remains a cornerstone in navigating these advancements. Its […]
The Securities and Exchange Commission (SEC) of Thailand has recognized the need for a comprehensive update to its regulatory framework to better address the dynamic socio-economic landscape, rapid technological advancements, and the innovative yet unpredictable nature of the private sector. The existing laws have been criticized for their lack of clarity, misalignment with international standards, […]