On 7th of June 2016, the new Land and Building Tax Act (the “Act”) was formally enacted. The Act will likely become effective in early 2019 and will be replace the existing and old Land and House Tax Act B.E. 2475 (1932) and the Local Development Tax B.E. 2508 (1965). The new law will introduce…
It should be noted that a restaurant business often entails the requirement of other licenses, such as a liquor license. Before a restaurant, store or bar can serve liquor in Thailand, it must obtain a liquor license from the Excise Department under Section 17 of Liquor Act B.E. 2493 (1950). A liquor license is…
Tenants often express shock, resentment and even embarrassment over the amount of rent and rent escalations that they are required to pay to their landlords. However, for office and residential rentals with longer rental terms, fixed rent is in fact relatively rare. And it is rather common that rental agreements include rent escalation provisions. …
While globalization has entailed a series of policy convergence across the globe, one area that has not been smoothly integrated is that of data protection. The Western concept of privacy signifies individualism, liberalism, public-private divide, and the rule of law, all of which underpin liberal democracy widely espoused in the West, but not so in…
The Direct Sales and Direct Marketing Act B.E. 2545 (A.D. 2002) as amended by No. 2 B.E. 2550 (A.D 2007) (“DSA”) aims at protecting consumers from overly aggressive sales and marketing techniques. The meaning of Direct Sales refers to the presentation and offer of goods or services for sale directly to customers in their…
According to a report by Bangkok Post, the Cabinet has approved the draft law on land and building tax on 7 July 2016. The law is currently in the process of legislation and will likely take effect in early 2019. The tax applies to land, buildings and condominium units. A first home valued below 50…
Education license for institution: Under the Private School Act, B.E. 2550, private schools and institutions that are responsible for so-called “fundamental education” must obtain an education license prior to starting operations. A private school is private educational establishment providing formal or non-formal education. The location of the school is important in establishing whether a private school requires…
On 19 April 2016, The cabinet approved the restructuring of personal income tax for 2017 as proposed by the Finance Ministry. The following new personal income tax rates will apply in next year: Tax rates The tax rates for employment income and hire of work are as follows: Deduction Deduction against employment income 50% of…
On 24 May 2016, the Royal Thai Government has approved a draft of a Civil and Commercial Code Amendment Act. This Amendment Act will introduce changes with regards to the registration of limited liability companies, amalgamation of companies, dividend distribution, and other matters, and aims at making corporate legalities more efficient and in line…
FRANK Legal & Tax has offset its Corporate Carbon Footprint 2015 by supporting Gold Standard high-quality carbon mitigation projects. FRANK Legal & Tax takes on responsibility for climate protection and is a climate neutral company. Together with the climate protection partner ARKTIK the CO2 emissions from its corporate activities were calculated and afterwards neutralized by…
From street food to high-end restaurants, and from Thai to international cuisine, Bangkok is a paradise for foodies. According to statistics in the month of June 2015, there were 10,056 companies in the restaurant business with a total investment amount of approximately 67 Billion Thai Baht. As the hospitality sector is restricted to foreigners, naturally…
The Thai Immigration Office has issued a new form called “Record of Foreigner Information” which we show in the scan below. Every foreigner must complete this form and attach a photo as a part of the 90 days report, visa application, re-entry permit at the Immigration Office and One Stop Service Center (Chamchuree Square) from…
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