Personal income tax in Thailand is calculated on a progressive scale and depends on the total annual income — the higher the income, the higher the tax rate. On Tuesday, April 19, the government approved a number of amendments to the Tax Code. Starting from 2017, individuals earning less than 26,000 baht per month will …
Tax on Salary: New Structure Approved by the Government Read More »
In July 2015, the consulting agency InvestEast became a member of the Thai-Russian Chamber of Commerce (Thai-Russian Chamber of Commerce — TRCC). The Thai-Russian Chamber of Commerce was established in November 2005 and is the successor of the previously known Thai-Russian Trade Association. The main objectives of the TRCC are to support companies doing business …
InvestEast Becomes a Member of the Thai-Russian Chamber of Commerce Read More »
Only about 10% of buyers carefully review a condominium sale and purchase agreement before signing it with a developer. As a result, many enter into unfavorable terms, lack a clear understanding of their rights, and miss the moment when those rights are violated. This article is intended to help both future buyers and those who …
Sale and Purchase Agreement in a New Development: Buyer’s Rights and Obligations Read More »
In May 2015, the consulting agency InvestEast became a member of the Singapore-Thai Chamber of Commerce. The Singapore-Thai Chamber of Commerce was established in 1993. Its founders include Winston Doong, Edwin Choi, Ng Jiak Hong, Terence Seah, Edward Ermanis, and Julie Siow. The main objective of the Chamber is to promote favorable conditions for the …
InvestEast Becomes a Member of the Singapore-Thai Chamber of Commerce Read More »
The Ministry of Finance is likely to maintain the value-added tax (VAT) rate at 7% for the next one to two years. This was announced by Krisada Chinavicharana, Director-General of the Fiscal Policy Office. Under the Thai Revenue Code, the standard VAT rate is set at 10%. However, a temporary reduced rate of 7% has …
A crisis is when you meet an acquaintance, casually ask “How are you?”, and realize you’re about to hear a detailed report on how everything is going wrong — with the Russian ruble exchange rate to blame. Russian businesses in Thailand are currently undergoing a serious stress test. This year will be telling: for some, …
Crisis of Russian Business or New Opportunities for the Old Guard Read More »
The year 2014 has come to an end, full of events that did not always have a positive impact on business in Thailand in general and Russian businesses in particular. Nevertheless, the number of projects involving Russian entrepreneurs and investments continues to grow. Projects are becoming more complex and interesting, and client inquiries more diverse. …
Doing Business in Thailand: Frequently Asked Questions Read More »
On November 27, 2014, a seminar titled “Business and Investment in Thailand. Frequently Asked Questions” was held in Pattaya at the MODUS Business Center, organized by InvestEast Consulting Agency. The seminar was conducted in an interactive Q&A format and covered a wide range of topics, including: business setup in Thailand, employment relations, opening bank accounts, …
The Thai government, through the Board of Investment (BOI) and the Industrial Estate Authority of Thailand (IEAT), offers a wide range of incentives for foreign investors. The scope and conditions of these incentives depend on two key factors: the type of business activity and the location of the company. Business Activities Supported by the BOI …
Personal income tax is a direct tax levied on the taxable income of both residents and non-residents earned in Thailand. Tax returns are filed annually, and the tax is paid based on the declared income. For tax purposes, individuals are classified as either residents or non-residents. A resident is defined as any individual who stays …
