It is our great pleasure to announce that FRANK Legal & Tax has been selected as a member of the Nextlaw Referral Network. The Nextlaw Referral Network is a cutting-edge technology platform that brings together hundreds of the world’s best law firms to provide clients with the right lawyer, in any geography, in any practice,…
*** Invitation Only *** FRANK LEGAL & TAX is pleased to announce that our upcoming event, themed “BOI Promotion for Tech Startups”, will be held on 22nd October 2020 at 6.00 pm at The Great Room, Gaysorn Tower. To restart activities after the COVID-19 restrictions, our company would like to provide an opportunity to explore…
Visa amnesty for foreigners in Thailand, which has been extended since April of 2020, was further extended to September 26th, 2020. This extension was described as “final” by the Cabinet and another extension seems highly unlikely. The visa amnesty, which was originally due to expire on July 31st was further extended until September 26th, 2020, allows foreigners to stay in Thailand without having to extend visas…
On June 23rd, 2020, the Thai Cabinet approved a Draft Act which will amend the Civil and Commercial Code, with regards to the establishment of limited companies. The Act aims to make it easier for individuals to set up limited companies and facilitate the establishment of new businesses, SMEs, and start-up enterprises to stimulate the…
All goods that are imported into Thailand must be reported to the Thai Customs Department. The steps required to import products into Thailand legally are outlined below. Step 1 – E-Customs system registration As of January 1st, 2007, the procedures for importing goods into Thailand have been centralized into the online e-Customs system. In order…
All goods exported from Thailand are required to be reported to the Customs Department and are subject to customs controls. The steps for exporting goods from Thailand are as follows: Step 1 – E-Customs system registration Since 2007, Thailand’s export procedures have been centralized into the online E-Customs system. To register for the E-Customs system,…
The Thai Revenue Department has raised its standard of tax auditing by joining the Tax Inspectors Without Borders (“TIWB”) program and requesting experts to share their know-how and exchange auditing experiences with Thai Revenue Officers. The purpose of joining this project is to close tax loopholes regarding multinational e-commerce businesses and newly established businesses, and…
It is our great pleasure to announce that FRANK Legal & Tax has been named a “Rising Star” law firm by Asia Business Law Journal. This prestigious award is based on extensive research conducted by Asia Business Law Journal, in which thousands of in-house counsel were invited to identify the Thai law firms that showed…
Airbnb, Booking.com and similar apps are popular in Thailand. These online platforms allow property owners (landlords) to rent out their property (partially or wholly) on a short-term (daily/weekly) basis. With the price of renting a property via the online platforms often being cheaper than staying in a regular licensed hotel, the platforms create a viable…
The Thai Immigration Bureau recently announced that starting from 30th June 2020, landlords will no longer need to file reports on their foreign guests every time they arrive at their properties. Landlords refer to Thai and foreign nationals who own property in Thailand, hotel managers and other accommodation operators. Previously, landlords needed to comply with…
Thailand became a party to the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (MAC), making Thailand the 137th state to become a party to the agreement. The MAC was established jointly by the Organization for Economic Co-operation and Development (“OECD”) and the Council of Europe in 1988 to promote tax transparency, fairness in…
On June 9th, 2020, the Thai Cabinet approved a draft amendment to the Thai Revenue Code which would impose a value-added tax (VAT) on foreign E-service providers and E-platform operators (with no permanent establishments in Thailand) that received payments from users located in Thailand. The new VAT requirement is expected to apply to all forms…
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