investeast

Thailand offers various forms of doing business suitable for both local entrepreneurs and foreign investors. Below is an overview of the key legal structures, including both local companies and forms for foreign presence. 1. Thai legal entities 1.1 Private Limited Company The most common form of business in Thailand. This is the structure most commonly …

Forms of business organization in Thailand: for local and foreign investors Read More »

What is withholding tax?Withholding tax is a tax collected at the source of income. The tax agent responsible for paying the tax is the person who pays for services and certain other payments to individuals or legal entities. The payer must deduct the tax amount from the payment due to the recipient and remit it …

Withholding tax Read More »

Personal Income Tax For tax purposes, a resident is any individual who resides in Thailand for 180 days or more within a calendar year. A Thai resident is required to pay personal income tax on: A non-resident is taxed only on income earned in Thailand. Tax Identification Number (Tax ID) Thai residents who earn income …

Personal Income Tax Read More »

Value Added Tax (VAT) Value Added Tax (VAT) was introduced in Thailand in 1992 and replaced the Business Tax (BT). VAT is an indirect tax applied to the value added at each stage of production and distribution. Taxpayers VAT taxpayers include: A service is considered provided in Thailand if: Imports are also subject to VAT …

Value Added Tax (VAT) Read More »

Convening a Shareholders’ Meeting Notice of a shareholders’ meeting must be published in a local newspaper and sent to each shareholder by registered mail to their registered address at least 7 days before the meeting date. If special matters are to be considered at the meeting, the notice period is extended to 14 days. Shareholders’ …

Company Management: Shareholders’ Meeting and the Role of the Director Read More »

Corporate Income Tax is a direct tax levied on legal entities or partnerships that conduct business in Thailand or earn income from Thailand. The tax period is 1 year. Taxpayers The tax is paid by all companies registered in Thailand, both Thai and foreign. Foreign companies are those incorporated under foreign law. A company becomes …

Corporate Income Tax Read More »

The maximum working day must not exceed 8 hours, and the maximum working week must not exceed 48 hours. Men and women must receive equal pay and overtime compensation for work of the same nature and duration. Overtime rates range from 1.5 to 3 times the regular salary for the same period. However, overtime work …

General Employment Rules in Thailand Read More »

Termination of employment may occur for various reasons: If the termination is initiated by the employer and the employee has not violated the terms of the employment contract, the employer is required to pay severance. The amount of severance depends on the length of time the employee has worked for the company. Length of employment …

Termination of Employment: What You Need to Know Read More »

When registering a real estate transaction with the Land Department, the following taxes and fees are paid separately and at established rates: Taxes and Fees on Real Estate Transactions 1. Transfer Fee 2. Specific Business Tax 3. Stamp Duty 4. Withholding Tax If the seller is a company: If the seller is an individual: Property …

Taxes on Real Estate (Purchase and Ownership) Read More »