ASEAN Briefing News

Taxation of Foreign Sourced Income in Thailand Begins in 2024

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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.

Thailand Implements Mandatory Reporting of Business Operator Income on Electronic Platforms

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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 Issues New Investor Visa for Eastern Economic Corridor

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Thailand’s Eastern Economic Corridor has issued a new investor visa in a bid to boost foreign investments in targeted industries.

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.

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