We are proud to announce that FRANK Legal & Tax Ltd. is now a member of the German-Thai Chamber of Commerce (GTCC). The GTCC, located in Bangkok, promotes bilateral economic relations between Germany and Thailand since fifty years and is one of the biggest foreign chambers of commerce in Thailand. GTCC provides services to German…
On 27 March 2013, her Excellency Prime Minister Yingluck Shinawatra addressed members of the joint foreign chambers in Thailand and gave a keynote speech during a luncheon at Sheraton Hotel, Bangkok. The topic of her speech was “Foreign Investment in Thailand and the Kingdom’s Strategy towards ASEAN Liberalization in 2015”.
This article describes the establishment of renewable energy in Thailand and respective government incentives.
We are proud to announce that FRANK Legal & Tax Ltd. is now a member of the International Business Association Phuket (IBAP). Our lawyers have been working with IBAP and attending their monthly events for many years, and we are happy to now be member again with the new outfit FRANK Legal & Tax.
On 18 December 2012, the Thai cabinet approved reductions of the personal income tax rates, to take effect in the beginning of the fiscal year 2013.
The previously five income tax brackets are being expanded into now eight brackets by adding tax rates of 5%, 15%, and 25%. The top marginal tax rate decreases slightly, from previously 37% to now 35%. This applies for net taxable income of THB 4 million or more. The tax exemption for low salaries of less than THB 150,000 remains as it is.
This is the first major change of PIT rates since approximately 20 years. According to the Bangkok Post, details of the new tax rates are as follows:
According to reports by “The Nation”, Thai listed property firms will announce investments totaling at least Bt150 billion in each of the next two years, with 216 residential projects expected to be launched during 2013. Some Bt150 billion is expected to be the value of the projects themselves while a similar amount is expected to…
For many people, estate planning and the preparation of the last will and testament is a dreaded thought and something that is rather avoided. However, it is certainly advisable to settle such affairs, and this holds true in particular if you have property in Thailand.
A comparison of requirements and procedures for the establishment of limited liability companies in ASEAN countries. Article in Bangkok Post, 1 Nov 2010
The Offices at Centralworld, 29th Floor, 999/9 Rama I Road, Pathumwan, Bangkok 10330, Thailand
An article on the requirements for obtaining a hotel license in Thailand, including information on the hotel market in Phuket.
Construction defects are a very practical concern, whether you buy a new property or one from the secondary market. This article contains some useful information and tips how to deal with the situation appropriately.
The Khai Fah (Engl: Sale with Right of Redemption) is a specialty of Thai property law, and it is commonly used by Thais, but not foreigners. The reason is mainly that the legal implication of it are not known. This article provides details.
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