When corporations or companies are formed and created, the ownership of the individuals or persons who have contributed or invested a certain amount of money to the company, is measured by stocks. Common Stock Common stock is ownership in a company very similar to the stocks that people are so used to trading. Companies sell [...]
As in any country, tax payments in Thailand are important for the country’s economy. Taxes collected are used to fuel up the economic activities of the country – infrastructure, health and education services, basic necessities, and to support financial requirements of the government in running the country. With all of these services dependent on tax [...]
Tax Payment Schedule in Thailand The taxpayer in Thailand should file a Personal Income Tax Return (PIT) and make payment to the Revenue Department within the last day of March of the following tax year. For taxpayers who derive their income as per category (5) – (8) during the first six months of the taxable [...]
Foreign investors in Thailand usually establish a Thai limited company which is equivalent to the western countries’ corporation. This means the foreign investor will have local Thai counterparts for the limited company to legally exist. When the time comes to dissolve the limited company, for bankruptcy or other reasons, Chapter V of the Thai Limited [...]
While industry players see the minimum wage hike in Thailand as burdening to most employers, the Thai government believes that the 300 Baht daily minimum wage would have positive effects to the country’s economy in the long run. This refers to the full and mandatory implementation of the minimum wage increase across Thailand effective January [...]
Thailand – this is a country known to many as the Land of Smiles, and for many good reasons. Aside from the hordes of beautiful tourist destinations, Thailand offers a lot more than that. Talk about fantastic bargains and incredible discounts- that’s what Thailand is for many tourists. And not one soul who had been [...]
Thailand’s workforce is facing an apparent change in the job landscape driven by ASEAN Economic Community (AEC) efforts, which come with a demand for workers to change their strategies in securing work positions. These expectations was brought about by ceremonies held last January wherein Japanese companies launched their manufacturing plants in the Kingdom. Nissan, Mazda [...]
In December 2012, Thailand’s tourism industry hit the 21 million mark on tourist arrivals. Travel experts are predicting that it is likely to grow by over 10% next year and about 23 million tourist arrivals are expected to visit the country in 2013. This projection is made on the assumption that Thailand will not have [...]
All Thailand-registered companies and partnerships are subject to corporate income tax pursuant to Thailand’s Tax Laws. Other entities such as joint ventures are also subject to corporate income tax. Similarly, foreign companies and other entities doing business in Thailand or receiving income from or within Thailand are also subject to corporate income tax, with possible [...]
Being the largest island in Thailand, Phuket enjoys both the consistent flow of tourists and foreign investors, owing to the fact that Phuket is ideally situated for both ventures. The bullish economy had encouraged more foreign investors setting up their business operations in Phuket, Thailand as evidenced by the increasing activities of accounting service Phuket [...]
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