The Thai government has decided to maintain the value-added tax (VAT) rate at 7% for another year. This regulation will remain in effect until September 29, 2018. For reference, VAT was introduced in Thailand in 1992 at a rate of 10%, but was later reduced to 7% at the request of the business community and …
Yesterday, an event organized by the Board of Investment (BOI) took place, where Prime Minister Prayut Chan-o-cha delivered a speech. During his address, he encouraged both local and foreign investors to invest more actively in targeted sectors of the economy. In turn, the government is developing a range of measures aimed at supporting and incentivizing …
On February 3, 2017, another meeting took place between Thailand Elite and the consulting agency Invest East. During the meeting, the President of Thailand Elite, Pruet Boobphakam, and Development Director Alexandra Agapitova discussed the key issues faced by Thailand Elite cardholders, as well as the club’s development priorities and ways to improve the level of …
Meeting Between Invest East and the President of Thailand Elite Read More »
I’m not going to tell anyone what kind of business to start or in which city. And I’m certainly not here to promote Pattaya. Every location has its pros and cons, and the specifics of the business should always come first. However, when it comes to company registration, obtaining a work permit, and a business …
We have compiled answers to the most frequently asked questions regarding the application and use of the Thailand Elite visa. If you cannot find the answer to your question, please contact us in any convenient way. You can ознакомиться с descriptions and pricing of different Thailand Elite membership options via the provided link. 1. Application …
Frequently Asked Questions About the Thailand Elite Visa Read More »
Feel Like a VIP Thailand is a welcoming country in every sense—especially for tourists, and especially for those who spend money. However, the duration of stay is quite limited. It is generally assumed that two months (the standard tourist visa period) is enough for an average foreigner to enjoy their stay and return home. If …
The value-added tax (VAT) rate in Thailand has been maintained at 7% for another year. The previous regulation was set to expire on September 30, 2016. VAT was first introduced in Thailand in 1992 at a rate of 10%, but was immediately reduced to 7% at the request of the business community and has remained …
Prime Minister Prayut Chan-o-cha has reminded residents of Thailand of the importance of fulfilling their tax payment obligations to the state. He also warned that any attempts to evade taxes may result in audits covering the past five years of tax payments. The Prime Minister emphasized that the government will strictly monitor compliance with tax …
The Board of Investment Thailand has set new targets to attract investments totaling 550 billion Baht this year, compared to 450 billion Baht in the previous year. According to Deputy Prime Minister Somkid Jatusripitak, the BOI needs to improve and accelerate its internal processes—both domestically and in its overseas offices—to attract new investments, particularly from …
Taxes are always a relevant and unavoidable topic. Fortunately, in Thailand, recent developments—especially regarding personal income tax—have generally been positive. At the time, the tax rates established in 2013 were still in force. The main goal—to reduce undeclared “cash-in-hand” salaries—has largely been achieved through a progressive tax system, along with deductions and allowances that reduce …
