According to media reports, the Finance Minister Mr. Sommai Phasee stated that the new inheritance and gift tax is expected to be submitted for the cabinet’s approval on this November 2014 and should be enforced in the year 2015. Please see his following information below: The draft will stipulate a minimum rate of 10% to…
Fabian Doppler of FRANK Legal & Tax, Bangkok spoke at this month’s Real Estate Investors & Networking MeetUp regarding “Real Estate Acquisitions – Legal Structures Available for Foreigners in Thailand”. Later at the same event, Matthias Duehn of Viet Diligence Legal, Hanoi spoke regarding “Real Estate Acquisitions in ASEAN – How to Avoid Pitfalls as…
Plans to reform Thailand’s tax system, including the introduction of inheritance and property taxes, have been approved by the Chief of the military-led National Council for Peace and Order (NCPO), Gen.Prayuth Chan-ocha. The proposed reforms would raise revenue by increasing taxes primarily on the wealthy. Thailand’s Ministry of Finance (MOF) has said Chan-ocha wants the…
It is a rather unknown fact among foreign property purchasers, in particular in tourist resort destinations in southern Thailand, that Thai property law sets forth a strict regime for development of real estate projects. One significant piece of legislation in this context is the Land Development Act, B.E. 2543 (2000) (hereinafter referred to as “LDA”)….
On 19 August 2014, the Thai Board of Investment (“BOI”) has announced a decision on the new strategy for investment promotion and a plan for the next 7 years. The new BOI policy aims at strengthening Thailand’s competitiveness, creating value for the industrial sector, and shifting the country to a high-income nation. It is expected…
Fabian Doppler was recently interviewed by THAIZEIT.DE on issues relating to the crackdown on abusive “Visa Runs” by foreigners (which are now no longer tolerated even in case of entering the country by plane), the new regulations of tourist visa exemption and other advice in response reader’s queries. The article has been published HERE
In our practice we often see that there is a great deal of confusion among foreigners in Thailand regarding the legalities of owning a house. Please see the below article (published in Samui Phangan Real Estate Magazine) which provides some information and clarification:
The website of the Thailand Immigration Bureau in Bangkok has on 22nd July 2014 posted a new announcement regarding its rules for overstay. Today’s announcement is further confirmation on the proposed crackdown on foreigners overstaying in Thailand, which was reported earlier this month.The announcement which is written in both English and Thai details the penalties for overstay…
Fabian Doppler recently authored a German language article on issues relating to stricter enforcement of rules regarding “out-in” tourist visa runs in Thailand, the crackdown on visa runners at the border of Thailand – explaining reasons for the crackdown and instruction on how to obtain a valid visa type. Please CLICK HERE to see the website featuring…
New ‘green’ rules to limit Samui projects The Office of Natural Resources and Environmental Policy and Planning (Onep) has declared Koh Samui, Koh Tao and Koh Phangan districts in Surat Thani province part of an environmentally protected zone… Source : Bangkok Post (See more…)
Officials yesterday morning (June 23) visited Bangtao and Laypang beaches, issuing 78 businesses with demolition orders on the grounds that their structures are on public land. But before they started posting the orders in each of the properties, Ma’an Samran, chief executive of Cherng Talay OrBorTor and his deputy, Siri Yokthong, went with Pipop Sutkhao,…
FLT represents an investor to complete the purchase of a 100+ room key hotel in a resort location in Phuket. FLT were responsible for the contracts and negotiations, due diligence and real estate matters. The hotel is currently under construction.
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