The Revenue Department of Thailand has issued Order No. 161/2023, which means a significant shift in tax obligations for residents earning income abroad or possessing overseas assets. This directive, signed by the Director-General of the Revenue Department, mandates that specific criteria must be met by individuals living in Thailand who must now report and pay…
Discover Thailand’s robust International Tax Landscape with a focus on Double Taxation Agreements and Global Tax Initiatives. Explore how these agreements promote trade, investment, and tax fairness.
An analysis of Thailand’s strategic location at the heart of Southeast Asia, and how this makes it an ideal hub for regional and global trade and investment.
In the dynamic landscape of mergers and acquisitions (M&A), earn-outs have emerged as a strategic pricing mechanism that can greatly impact the success of a transaction. Earn-outs introduce a contingent element to the final purchase price, allowing buyers and sellers to align their interests and bridge valuation gaps, particularly in deals involving privately-held companies or…
Setting up a second residence in Thailand has become a popular option for many high-net-worth individuals looking for a safe, stable, and convenient location to reside. With its favorable climate, world-class healthcare system, and vibrant culture, Thailand offers a unique and appealing lifestyle for those seeking a second home. However, before making the decision to…
Thailand is a popular travel destination for many international tourists, but for those who own a boat, it’s important to understand the laws and regulations for obtaining the appropriate license in the country. This article will cover the legal requirements and procedures for obtaining a boating license in Thailand based on our experience. Requirements: To…
When you are entering Thailand’s territorial waters, based on our experience, you must comply with the instructions as follows: Find a parking space for your boat You can choose between a public (government-owned) or a private port. Tha Chalong is a public port in Phuket, usually free of charge. However, there are very few parking…
Driving a car in Thailand requires obtaining a valid driving license. If you are a foreigner, it is important to familiarize yourself with the requirements and processes involved before applying for a driving license in Thailand. In this article, we will focus on driving licenses for vehicles (cars) based on our experience. Requirements To obtain…
Learn about the “Shop Dee Mee Kuen” program for 2023 tax deductions in Thailand. Discover how this initiative can help you reduce your expenses and support local businesses.
The season for filing personal income taxes in Thailand has now arrived. Thai taxpayers have the right to report their income to the Revenue Department from 1 January to 10 April 2023. It is useful to know how much money you made in Thailand between January 1 and December 31, 2022. Are you a tax…
Thailand’s cabinet approved tax measures that will benefit property purchases in 2023. Land and property tax were reduced, along with some registration fees being cut.
Many marriages end in divorce, however, in our experience the couples often do succeed in settling their matters reasonably and without a legal dispute. Such an unconsented divorce, also called administrative divorce, is conducted through mutual statements of consent by the spouses at the local district office. It is relatively easy to register and formalize…
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