A new amendment for the Labor Law Protection Act has been announced in the Government Gazette on 5 April 2562 and the Act will come into force 30 days after its publication in the Gazette. The amendments introduce additional rights for employees, such as: Increase of statutory severance pay for an employee who has worked…
A newly enacted law, The Act for Exemption on Penalties, Surcharges, and Criminal Offenses and Support of Operations Under the Revenue Code BE 2562 (the “Tax Amnesty 2019”) will provide a good opportunity for a small and medium-sized enterprises (SMEs) that are subject to corporate income tax (CIT), provided that they are a company or…
With tourism playing a significant role in Thailand and increasing demand to diversify tourist entertainment offerings, amusement parks are booming. When setting up such a park, even if it is part of a mall or a hotel, many different areas of Thai law need to be taken into account. The most important regulations are detailed…
At the end of a life cycle of a private limited liability company in Thailand it is necessary to liquidate and dissolve the company by resolution of its shareholders. The procedure, has to follow the rules of the Sections 1247 – 1273 of the Civil and Commercial Code of Thailand (CCC). To proceed with the…
The Thai Government has taken a series of efforts in driving the economy through innovation and attracting highly skilled talents (Smart T), investors (Smart I), executives (Smart E) and startup entrepreneurs (Smart S) in its targeted industries – the so-called S-Curve industries – to Thailand. Therefore, the Smart Visa program was launched, which offers some…
Under the Thai Social Security Act, B.E. 2533 a company was required to register as an employer at the Social Security Office (SSO) within 30 days after the first employee has started to work for the company. This rule has now changed with the latest notice letter by the SSO which was sent to one…
Under the Foreign Business Act (“FBA”), foreigners are legally restricted in doing certain businesses in Thailand as prescribed in the lists Annexed to the FBA. Fortunately, there are various possibilities to obtain official permissions. And there are also government schemes available which provide for tax exemptions and tax reductions. Until now the Thai government authorities…
Valuable gifts such as condominium units, houses, and cars are not uncommon in Thailand, and most such gifts are made for specific reasons. The reasons for such gifts could not be more diverse, and personal disappointment might lead to great regret. Therefore, it is advisable for both parties, donors, and done, to think about protective…
Litigation is usually the last resort to solve a dispute or enforce a claim. Many parties of a dispute try to avoid a litigation process because they fear the court costs or lose the process. However, sometimes litigation is the only way for a party to obtain relief. Therefore, it is good to know that…
Before its ban in 1934, cannabis was an essential part of the rural culture in Thailand. It was used as medicine, as fiber for clothing and even as a traditional spice for the Thai boat noodle soup. Under the Marijuana Act, B.E. 2477, released in 1934, the possession, usage and sale of cannabis was criminalized…
Overcharging tenants for electricity and water was a common practice among landlords in Thailand. Weak regulations laid the foundation for the collection of exaggerated deposits and punitive methods of landlords if tenants did not pay their rent. The Contract Committee of the Consumer Protection Board aims to end such practices with “the Regulation of Residential…
Thailand has introduced a new program to attract highly skilled experts and investors. This program shall target several industries and enhance the scientific and technological sector. SMART Visa and its privileges will help to recruit various talents, senior executives, entrepreneurs and investors for the country’s development in the fields of next-generation automotive, smart electronics, medical…
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