Renewable Energy in Thailand
This article describes the establishment of renewable energy in Thailand and respective government incentives.
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FRANK Legal & Tax joins International Business Association Phuket (IBAP)
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.
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Personal Income Tax rates reduced effective 2013
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:
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Upbeat Thai Developers Expect Growth of 10% in 2013
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…
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Starting a business in ASEAN
A comparison of requirements and procedures for the establishment of limited liability companies in ASEAN countries. Article in Bangkok Post, 1 Nov 2010
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FRANK Legal & Tax Moves to New Offices at Central World in Bangkok
The Offices at Centralworld, 29th Floor, 999/9 Rama I Road, Pathumwan, Bangkok 10330, Thailand
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Checking out Hotel Licenses
An article on the requirements for obtaining a hotel license in Thailand, including information on the hotel market in Phuket. Article in Phuket News, 25 May 2012
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Liability for Construction Defects
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. Article in Samui-Phangan Real Estate Magazine, June 2011
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Sale with Right of Redemption (Kai Fah)
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 implications of it are not known. This article provides details. Article in Property Report, Jan 2011
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Following the Flow of Cash
What legalities need to be considered when transferring funds to and out of Thailand? This article explains the details. Published in the Property Report Thailand, January 2010
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Land Lease in Thailand
Foreigners in Thailand are allowed to lease land for 30 years. Standard lease contracts include two renewal options for further 30 years and usually a purchase option. Are these options enforceable in practice? This article looks at details.
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