Thailand's Value Added Tax (VAT) to remain at 7% until September 30, 2025
Thailand's Value Added Tax (VAT) is set at 10% in the National Tax Code, but since it was provisionally lowered in response to the economic downturn caused by the Asian Financial Crisis in 1997, it has been updated by royal decree. The current reduction to 6.3% is scheduled for 2024... Continue readingThailand 's Value Added Tax (VAT) to remain at 7% until September 30, 2025
Minimum wage by prefecture in 2024
Based on the Cabinet decision on December 26, 2023, the new minimum wage by prefecture will be applied from January 1, 2024. For employees on a monthly salary system, the minimum monthly salary = minimum daily salary x 30 days. Minimum daily wage Number of target prefectures Name of target prefectures 1 370 baht … Read more Minimum wage by prefecture in 2024
Business visa exemption for Japanese nationals entering Thailand for temporary and short-term business transactions
At a cabinet meeting on December 12, 2023, the Thai government approved that Japanese nationals entering Thailand for temporary and short-term business purposes will be exempted from holding a business visa. Traveling for business purposes refers to meetings or business negotiations regarding business development with a Thai company... Continue reading Business visa exemption for Japanese nationals entering the Kingdom of Thailand for temporary and short-term business transactions
Thailand's value added tax (VAT) will remain at 7% until September 30, 2024
Thailand's value added tax (VAT) is set at 10% in the National Tax Code, but it has been lowered provisionally in response to the economic downturn caused by the Asian currency crisis in 1997, and has since been revised by Royal Decree. At the cabinet meeting on September 13, 2023, 1… Continue readingThailand 's value added tax (VAT) will remain at 7% until September 30, 2024
0627 We will exhibit at the Industrial Estate Authority of Thailand IEAT Seminar @ Nagoya.
The Ubon Ratchathani Industrial Estate (tentative name), where our company is an official partner, will exhibit at the Industrial Estate Authority of Thailand IEAT seminar to be held at Nagoya Marriott Associa Hotel on Tuesday, June 27, 2023. Ubon Ratchata … Read more0627We will exhibit at the Industrial Estate Authority of Thailand IEAT Seminar @ Nagoya.
Thailand Individual Income Tax Calculator 2023 Edition
On this page, you can calculate your annual Individual income tax on your taxable income for the fiscal year 2023 (January 1, 2023 to December 31, 2023). Please use it. The final tax return deadline is March 31, 2024. Individual expatriates in Thailand … Continue reading Thai Individual Income Tax Calculator 2023 Edition
The revised Civil and Commercial Code came into force on February 7.
There are four types of companies in Thailand: Ordinary partnership Limited partnership Private joint stock company Public joint stock company Most Japanese companies in Thailand that do not offer their shares to the public are classified as “private joint stock company”, and the Civil and Commercial Code (Article 22) … Read More The Commercial Code came into force on February 7.
Population by prefecture in Thailand (2022)
Population data by prefecture as of December 31, 2022, announced by the Thai Ministry of Home Affairs on January 23, 2023. Besides Bangkok, Nakhon Ratchasima Province (commonly known as Korat) stands out. Currently, it is the gateway to Laos and Vietnam … Continue reading Population by prefecture in Thailand (2022)
Announcement of New Encouragement Sectors Based on BOI Investment Promotion Strategy for New Economy (2023-2027)
The Thai Board of Investment (BOI) has announced new investment incentives under its Investment Promotion Strategy for the New Economy (2023-2027), effective from 3 January 2023. List of newly promoted industries https://www.boi.go.th/upload … Read moreAnnouncement of newly promoted industries based on the BOI investment promotion strategy for a new economy (2023-2027)
[October 21st Seminar] Thai Industrial Park Situation "New Candidate Locations for EEC Investment & Northeastern Thailand as a New Base for the Chinese Indochina Market"
Thai Industrial Park Situation “New Candidate Sites for Investment in the EEC Region & Northeastern Thailand as a New Base for the Chinese Indochina Market” The area designated as the “Eastern Economic Corridor (EEC)”, which is a major economic policy in Thailand, is an eye-opener. Concentration of investment and rapid development at the same time as remarkable development … Read More [October 21 Seminar] Thailand Industrial Park Situation "New Candidate Sites for EEC Investment & Northeastern Thailand as a New Base for the Chinese Indochina Market ”