ASEAN Briefing News

New Thai Law Targets Cross-Border Data Flows

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Thailand’s PDPC issued two regulations on cross-border data transfers which broaden options for companies conducting lawful cross-border transfers.

Thailand Contemplates Protective Tariffs on Chinese Imports Amidst Surging Trade Deficit

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The Thai government is considering imposing a VAT on Chinese goods priced less than 1,500 baht (US$40) that are routed through Thailand’s free trade zones.

Thailand Bolsters EV Support Scheme to Drive Adoption and Foster Battery Innovation

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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

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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’s Public Holidays for 2024

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ASEAN Briefing outlines Thailand’s public holidays for 2024.This is a comprehensive list of those holidays.

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.

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