Other Briefings
Thailand Bolsters EV Support Scheme to Drive Adoption and Foster Battery Innovation
Thailand’s National Electric Vehicle Policy Committee has approved new measures to support the uptake of e-buses, e-trucks, as well as the establishment of battery bases.
Taxation of Foreign Sourced Income in Thailand Begins in 2024
Instruction No. Paw 161/2566 states that Thai taxpayers who derive assessable income from abroad must pay tax on that income after bringing such income to Thailand.
Boosting Tourism: Thailand, Malaysia, Singapore Target Chinese Travel Spending
Thailand, Malaysia, and Singapore are offering visa-free travel to Chinese tourists during the first Spring Festival (Chinese New Year / CNY) holiday since Beijing lifted pandemic travel restrictions.
Thailand Implements Mandatory Reporting of Business Operator Income on Electronic Platforms
Thailand’s Revenue Department has required electronic platforms such as e-commerce and e-marketplaces to disclose their revenue from the business operators on their platforms.
Thailand and Hong Kong Launch Cross-Border QR Payments
Thailand’s central bank and the Hong Kong Monetary Authority launched a new cross-border QR payment links.
Thailand Issues New Investor Visa for Eastern Economic Corridor
Thailand’s Eastern Economic Corridor has issued a new investor visa in a bid to boost foreign investments in targeted industries.
Thailand Scaled-Down Subsidy Program Continues Backing for Locally Produced EVs
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
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
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
Thailand’s Eastern Economic Corridor has set a new investment target of 500 billion baht (US$13.7 billion) over the next five years.
