Thailand’s Tax Policy Shift: Change in Foreign Source Income Tax Treatment for Thai Tax Resident
On September 15, 2023, the Thai Revenue Department (“TRD”) issued the Revenue Departmental Instruction No. Paw. 161/2566, which addresses the collection of income tax under Section 41, paragraph 2,
Thailand’s Exemption of CIT and VAT on Transfer of Digital Investment Token
Introduction The digital investment token is a fund-raising mechanism comparable to securities governed under regulatory framework of similar nature. However, a distinction arises where the transfer of digital investment token is subject to a tax liability, distinguishing it from the transfer of securities. Thus, in order to establish a synchronized tax liability for both digital …
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Navigating the Crisis: Legal Obligations of Employers under Thai Employment Law
The epidemic has disrupted livelihoods and social protections on a global scale, while at the same time accelerating pre-existing trends in the employment sector,
SEC Regulatory Update: Changes in Private Placement Regulations and Implications for Listed Companies
Private placement (“PP”) refers to the offering of equity securities to a specific group of investors[1].
To Invest or Not to Invest in Thailand? Top 3 Tips on How to Avoid Legal Problems When Investing in Thailand
In this post-Covid era, Foreign Direct Investment (FDI) into Thailand has been on the rise, with FDI inflows and applications for investment promotions increasing 36% from the previous year (approximately 13 billion USD).[1]
The Effects of the Delisting of Marijuana in Thailand and the Thai Government’s Attempt to Address this
On June 9, 2022, Thailand delisted both cannabis and hemp plants, their unprocessed parts, and carved out extracts containing low tetrahydrocannabinol (THC) level (i.e. < 0.2% by weight) and seed oils derived from cannabis or hemp plants in Thailand from the Narcotics Code, officially becoming the first country in Asia to legalize the cultivation, sale …
Thailand Introduces Long-term Resident (LTR) Visa to Attract ‘High-Potential’ Foreigners
Since the lifting of the strict lockdown in the first quarter of 2022 and the decrease in the number of COVID-19 cases, the Thai economy has shown signs of recovery. However, Thailand still faces a battle in bringing its economy back up to pre-pandemic levels in order to compete with its ASEAN neighbors, not to …
International arbitration and the circle of control – a look at the psychological benefits of arbitration and the status of arbitration in Thailand
There are often many reasons cited as to why international arbitration should be the preferred method of dispute resolution for parties: it can be quicker, cheaper, the process is private, the award is final and the parties have more autonomy over the process. Whilst some of these factors are debatable (especially in highly complex commercial …
Termination of Employment in Thailand
According to Thai labour laws, an employer is empowered to terminate an employee’s employment at its will, except for members of the Employee Committee which requires a court order for dismissal. However, the consequences of dismissal with and without statutory causes under the Labour Protection Act B.E. 2541 (the “Labour Protection Act”) will be different …
Waste to Energy: The alternatives to waste and energy problems
With its increasing population and urbanization, Thailand cannot escape from the mountains of solid waste generated in households and in communities across the country. The inappropriate disposal of solid wastes will cause serious ramifications which would be a national nightmare, such as air pollution, water pollution and contagious diseases. All of these issues are harmful …
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