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Thailand Scaled-Down Subsidy Program Continues Backing for Locally Produced EVs

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Thailand has extended its subsidy scheme promoting the purchase of domestically manufactured electric vehicles, albeit at revised rates. Chinese automakers BYD and Changan Automobile are the latest to plan local production, targeting this growing market.

Thailand to Set 2024 Minimum Wage Rate by Year-End

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Thailand is set to announce a minimum wage increase for 2024, expected to surpass the inflation rate. It is likely to fall short of the initially proposed 400 baht (US$11.12) per day to mitigate potential negative impacts on small and medium-sized enterprises.

Thailand’s Tourism Boost: Visa Waiver for Chinese Visitors

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Thailand has introduced a visa waiver program for Chinese tourists as the government looks to boost the economy through this vital sector.

Thailand’s Eastern Economic Corridor Sets New Investment Targets

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Thailand’s Eastern Economic Corridor has set a new investment target of 500 billion baht (US$13.7 billion) over the next five years.

Audit and Compliance in Thailand: A Guide for Foreign Investors

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All companies in Thailand must prepare financial statements for their assigned accounting period to the Ministry of Commerce.

UAE and Thailand Explore Trade Agreement to Foster Bilateral Investments

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Thailand and the UAE have agreed to launch negotiations to establish a Comprehensive Economic Partnership Agreement to expand bilateral trade and investment.

Examining Thailand’s Economic Revival and Investment Opportunities

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Thailand’s economy is forecasted to grow between 2.7-3.6 percent, buoyed by an influx of foreign tourists and improving domestic consumption.

Thailand Adopts Work from Home Bill: Implications for Employers

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Thailand has made an amendment to the Labor Protection Act to offer the same labor rights to remote workers.

Thailand Opens First Digital Free Trade Hub

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The Smart Digital Hub will host bonded warehouses storing Chinese products to be sold in Thailand and Thai products to be shipped to Chinese consumers to be sold on Alibaba platforms.

A Guide to Taxation in Thailand

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Taxes in Thailand are governed by the Revenue Code, which follows the concept of a self-assessment system.

Showing 10 of 693 articles
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