What should taxpayers expect in 2014 when paying taxes for the previous year? The government continues to introduce changes aimed at simplifying life for entrepreneurs. In this article, we will not cover VAT, as the reduced rate of 7% (compared to the statutory 10%) remains unchanged. However, corporate income tax and personal income tax deserve …
Tourism, service industries, manufacturing, construction—these very different areas of business activity share something in common: every company pays for office or production space, utilities, employee salaries, and taxes. For an experienced entrepreneur, these and other factors discussed below are key criteria when choosing a location for a business. There are many opinions suggesting that Thailand …
Business in Southeast Asia: A Guide for Investors Read More »
Remote provinces of Thailand, as well as regions located along major transport routes and future economic corridors, are attracting increasing interest from foreign investors who have already begun acquiring land for the expansion of trade and manufacturing. Surachet Kongcheep, Deputy Head of the Research Department at the international consulting firm Colliers International Thailand, stated that …
Remote Provinces of Thailand Attract Foreign Investors Read More »
The phrase may initially sound confusing: what kind of immigration, especially for business purposes, could there be in a resort destination? Foreign residents often proudly call themselves expats rather than immigrants. At best, they buy a small seaside restaurant and, swaying in a hammock, casually keep an eye on their business. At least, that’s the …
Shopping malls in Bangkok are filled with young middle-class consumers, while the government is working to improve infrastructure to combat worsening traffic congestion in the city. One of the reasons is that tax incentives for car purchases have driven demand so sharply that it exceeded all expectations. Other factors behind the surge in domestic demand …
According to the news agency The Nation, despite the latest research from Bangkok University indicating a slight slowdown in Thailand’s economy, economists remain confident that the Kingdom’s economy will continue to grow over the next 3–6 months. Based on a survey of 60 economists from 31 different organizations, the confidence index remained unchanged from the …
According to The Nation Thailand, a report by consulting firm Grant Thornton shows that business optimism in the Asia-Pacific region (APAC) increased from 35% to 48% over the past three months. The survey included more than 3,000 companies across 44 countries. The report also highlights an increase in the number of companies in APAC planning …
According to The Nation Thailand, several major investment megaprojects are currently planned in Thailand. The Government Savings Bank (GSB) of Thailand intends to provide one-third of a 350 billion baht loan that will be issued to the Thai government for a water resource management project. If this proceeds, the funds provided by GSB will account …
According to the Bangkok Post, Amata Corporation, a leading industrial estate developer, plans to sell at least 3,000 rai (4.8 km²) of land this year (compared to 2,800 rai sold last year). These expectations are well-founded, as both the automotive industry and foreign investment continue to grow. Chief Operating Officer Viboon Kromadit stated that land …
Relocation of Foreign Manufacturing to Thailand Boosts Amata Corporation Sales Read More »
How often do we find ourselves needing to enter into a contract on the terms set by a seller, supplier, landlord, or employer? From minor purchases like buying chewing gum in a store to long-term leases of commercial and industrial complexes, we must either accept the proposed terms or negotiate to reach mutually beneficial conditions. …
The Foundation of Business Relations: A Fair Contract Read More »
