When purchasing an off-plan condominium unit from a developer, the buyer initially has the right to assign their rights and obligations under the contract (Assignment) to a third party. This is stipulated in the Standard Condominium Sale and Purchase Agreement approved by the Ministry of Interior of Thailand. For many investors, assignment is a key …
We have previously explained that taxation on the sale of leasehold property differs significantly from freehold. In practice, this often comes as a surprise to property owners. What taxes are paid at the time of registration? When registering a leasehold assignment with the Land Department, the parties pay only 1.1% of the transaction value: For …
Using software development as an example Obtaining BOI promotion is not just about submitting an application — it is a comprehensive process of aligning a business with government requirements. Let’s break down how we would approach it. Step 1. Define the Business Category First, we would review the Eligible Activities for Promotion by Business Categories …
Foreigners in Thailand often ask: is it possible to open a company with 100% foreign ownership without Thai partners? Such an option does exist, but in practice, it is not that simple — each pathway comes with its own limitations. What options are available? Foreigners can consider several ways to operate a business in Thailand …
Is It Realistic to Obtain a Foreign Business License (FBL)? Read More »
Currently, it is the season for filing the mid-year personal income tax return (PND94). At this stage, approximately half of the projected annual tax is paid. At the same time, it is still possible to influence the tax burden — both upwards and downwards. Let’s review a real example from our practice involving a married …
Following our previous article about the potential extension of property holding rights under the Sap Ing Sith (SIS) model from 30 to 99 years, many have asked: what exactly is this legal structure and how does it work? What is Sap Ing Sith? Sap Ing Sith (SIS) is a form of property right introduced in …
99-Year Land Use Rights The possibility of extending the maximum property holding period from 30 to 99 years has been discussed for over a year, and initially, it seemed rather unlikely. However, at present, these plans appear increasingly realistic. First, the discussion is not about extending lease agreements, but rather about extending Sap Ing Sith …
When investing in property for passive income, it is important to assess in advance how legal such income will be. Depending on the type of property, its location, and the structure of ownership rights, a property owner may unintentionally violate a number of laws and regulations. Immigration regulations If you independently handle tenant search, check-in …
Property Rental in Thailand: Legal Framework That Is Easy to Violate Read More »
If your company’s reporting period ends at the end of the calendar year — December 31 — it is time to consider filing the mid-year financial report. If this is the first time you hear about it, most likely your auditor has been submitting zero reports in previous years without emphasizing it. However, there are …
Mid-Year Financial Statement: What You Need to Know Read More »
If you received income in the first half of 2025, do not forget about your obligation to file a mid-year tax return. Below is a breakdown of when filing is required, which form to use, how the tax is calculated, and what documents are needed. Reporting period and deadline Who is required to file a …
Personal Income Tax: Mid-Year Tax Filing for 2025 Read More »
