The year is coming to an end, which means it is time to prepare for corporate income tax filing. More precisely, the reporting deadline will come later — by the end of May next year — but it is advisable to start calculating income and expenses now. The tax rate this year remains unchanged: 20% …
The Department of Business Development (DBD) of Thailand has proposed a draft regulation that would remove three types of business from List 3 of the Foreign Business Act (“Businesses in which Thai nationals are not yet ready to compete with foreigners”): If the regulation is approved, foreign companies (in which more than 49% of shares …
Sellers of goods and services, when placing advertisements or information about products online, are required to display product prices (in accordance with Notification of the Central Committee on Prices of Goods and Services No. 70, 2020, effective from 22 September 2020). Violation may result in a fine of up to 10,000 baht. These “news” spread …
The Thailand Elite program is planning to offer work permits for visa holders who invest 1 million USD in Thailand. The type of investment is still under clarification. At present, approval of this privilege by the government is pending. Work permits will be available only to certain categories of Thailand Elite members, whose visa packages …
IMPORTANT: The information below is general. Before submitting documents, please confirm the details with the Royal Thai Consulate in Your country. The list of documents required to obtain a Non-B visa at the Royal Thai Consulate in Moscow can be found on the official consulate website. 1. Initial preparation Send us a copy of Your …
Moving to Thailand: from obtaining a Non-B visa to arrival Read More »
Second phase of reduction in Social Security Fund contributions The government is planning a second phase of reducing the contribution rate to the Social Security Fund (SSF). According to the plan, from 1 September to 30 November, contributions will be reduced from 5% of salary to 2% for both employers and employees. The final decision …
Second Phase of Social Security Fund Contribution Reduction Read More »
In 2020, due to the pandemic, the rate of the new tax on land and buildings was reduced by 90%, and the payment deadline was extended until the end of August. Both measures applied only to 2020. From the following year, the standard tax rate is applied again, and the payment deadline remains at the …
The Association of Private Schools and Non-Formal Education in Thailand has submitted a letter to the Government proposing changes to strict visa restrictions for foreign teachers and students. In particular, it suggests allowing teachers and students who are already in the country to extend their visas without having to leave Thailand. It is also proposed …
Teacher and Student Visas: Possibility of Extension Without Leaving the Country? Read More »
Real estate ownership (freehold or leasehold) in Thailand generally does not provide any advantages when applying for a visa. However, in some cases, property ownership may serve as a basis for obtaining a special type of visa — an investment visa. Below we explain what is required for this. Requirements for obtaining an investment visa: …
The world that existed before the pandemic is gradually regaining familiar shape, with essential institutions and routes reopening. Yesterday, the Russian Ministry of Foreign Affairs resumed acceptance of powers of attorney from Russian citizens for legalization for further use abroad. This important update primarily concerns those who wish to buy or sell real estate in …
Power of Attorney for Real Estate Purchase and Sale in Thailand Read More »
