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Board of Investment has introduced new incentives to help SMEs

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Board of Investment has introduced new incentives to help SMEs Thailand’s Board of Investment (BOI) has introduced a new package of tax incentives to help small and medium-sized enterprises (SMEs) modernize and remain competitive as they face increasing global trade tensions and domestic economic pressures.   The most significant change is an expanded corporate income […]

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Digital creators in Thailand to face stricter tax rules

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Digital creators in Thailand to face stricter tax rules Thailand’s Revenue Department is tightening its grip on tax compliance in the booming digital economy, warning social media influencers, online vendors, and content creators to file taxes or face hefty penalties.   Director-General Pinsai Suraswadi has expressed growing concern over young earners who have never filed

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Singapore and Thailand advance digital economic ties

Singapore and Thailand advance digital economic ties

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Singapore and Thailand advance digital economic ties Singapore and Thailand continue to strengthen their economic ties. On March 14, at the 7th Economic Ministerial Meeting, enterprises and trade associations from the two countries signed five memorandums of cooperation, mainly in the digital economy. The agreements aim to develop e-commerce, fintech and digital trade.   The

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Crackdown on nominee shareholders in Thailand

Thailand Cracks Down on Shell Companies Used to Bypass Foreign Ownership Laws

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Thailand Cracks Down on Shell Companies Used to Bypass Foreign Ownership Laws Thailand has intensified its efforts to combat shell companies that foreigners use to circumvent ownership laws. Authorities have launched widespread inspections, uncovering hundreds of violations, leading to arrests and multi-billion baht fines. The crackdown spans key provinces and involves multiple agencies, including the

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DBD Introduces New Business Registration Rules in Thailand

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DBD Introduces New Business Registration Rules in Thailand Thailand is tightening controls on business registration to combat corporate fraud. As of January 1, 2025, new verification rules have come into effect to exclude high-risk individuals from the system. The Department of Business Development (DBD) has implemented stricter checks in response to the growing number of

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Bank of Thailand Cuts Interest Rates Amid Economic Slowdown

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Bank of Thailand Cuts Interest Rates Amid Economic Slowdown The Bank of Thailand has lowered its key interest rate by 0.25% in an effort to support the economy amid slowing growth and global trade risks. Authorities are balancing financial stability with the need to stimulate investment and business activity, particularly for small and medium-sized enterprises

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Business registration in Thailand will require a stricter rules

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Business registration in Thailand will require a stricter rules As of January 1, 2025, Thailand has implemented stricter business registration regulations, mandating the personal presence of all applicants during the registration process to verify their identities. This initiative aims to combat fraud and money laundering activities. Authorities are targeting so-called “corporate mule accounts,” where fictitious

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Thailand is revising its tax policies concerning foreign-sourced income

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Thailand is revising its tax policies concerning foreign-sourced income Thailand is currently revising its tax policies concerning foreign-sourced income to encourage capital repatriation and attract more investments. This initiative aims to balance international tax standards with creating a more business-friendly environment within the country. Background As of January 1, 2024, the Thai Revenue Department implemented

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