Comprehensive Overview: The Business Security Act in Thailand
The Business Security Act (the "Act") introduces significant changes to the legal framework for creating security interests in Thailand. Published in the Government Gazette on 5 November 2015, the Act officially entered into force on 2 July 2016 (240 days following its publication). Its primary goal is to expand the types of assets Thai entities can leverage for financing, providing Thai small and medium-sized enterprises (SMEs) with significantly greater opportunities to sec
Amendments to Thailand's Corporate Law
The amendments to Thailand’s Civil and Commercial Code (CCC) on private company limited will become effective as of February 7, 2023. The...
The Central Tax Court overrode the previous decision on determination of profit and loss of BOI prom
The Central Tax Court has recently overrode their previous ruling in the NMB Minibea Case on determination of profit and loss of a...
Judicial general anti-avoidance rules (GAAR) emerged in Thailand.
Judicial general anti-avoidance rules (GAAR) have emerged in Thailand, so its time to refresh your mindset on taxation. In the recent...
Articles Reimported after Permitted Exportation to be Exempt from Customs Duties
The Act on Amendment to the Customs Tariff Decree B.E. 2530 (No. 8), B.E. 2557 (2014) publicized in the Government Gazette on 4/12/2015...
Debt Collection Law to Come into Force Soon
The Debt Collection Act was recently passed by the National Legislative Assembly and will come into force at the end of the 180 days of...
Thai Supreme Court Regard Capital Increased for Non-Profitable Reason as Taxable Income
Thai Supreme Court (Dhika Court) recently ruled that the share premium paid to a company upon its increase of capital for the specific...
Real Property Lease & Service Contracts with THB ≥1M Contract Value to be Subject to Stamp Duty
Thai Revenue Department (the "RD") just issued a new regulation on stamp duty, negating the prevailing deferral of payment for stamp duty...
Regulation on Additional Contents of Tax Invoice and VAT Records Became Effective Since 1/1/2015
According to the Notifications of the Director-General of the Revenue Department No. 194-197, as from January 1, 2015: 1. All tax...
Thailand BOI's New 7-year Investment Promotion Plan
Driven by the vision “To promote valuable investment, both investment in Thailand and Thai overseas investment, in order to enhance the...
