In Q4 2017, the Bangkok condominium market grew steadily, particularly in the downtown area of the city. The number of new properties launched in 2017 overall also grew year on year by, with a 51% increase compared to 2016. Bangkok’s condominium market is likely to continue to grow in the future, given the many new mass transit lines and pipelines under construction (for example the MRT Pink Line, MRT Yellow Line and MRT Orange Line).
What exactly are “annual accounts”? What information must they contain? Are there rules for the preparation of annual accounts? These and similar questions are often asked by companies, especially when they are new to the market.
Due Diligence refers to the careful, systematic and detailed collection, review and analysis of data of an investment, acquisition or merger candidate or the disclosure of the data by the target object.
The Cabinet of Thailand has now approved the new ‘SMART Visa’ which was made available on Feb 1, 2018.
The Cabinet approved the ‘SMART Visa’ which aims to attract foreign experts to work or invest in 10 target industries of Thailand (S-Curve). The launch of the new visa is expected to accelerate the development of target industries and encourage investment in technology-driven and innovative sectors.
The below tax deduction list will aid you in submitting your 2017 personal income tax (PND90, 91). The submission window is open from 1 January 2018 – 31 March 2018.
We recommend our clients that preparations should be made in a timely fashion and the filings should be submitted by the end of next month.
To increase competitiveness including the extension of the promotional period for SMEs of the scheme to 30 December 2019, there will be up to 100 business activities and relaxed requirements and conditions. The BOI made the decision to offer more attractive incentives.
In the context of foreclosure, a creditor can use various methods to enforce his entitlements. When deciding on one of the foreclosure measures, the specifics of the case should be carefully considered to be most effective.
A joint venture (JV) is a business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task.
If two previously independent companies form a new company, or if they decide that one partner will invest in the other, then a so-called “equity joint venture” is formed. Another option for cooperation is the so-called “contractual joint venture”, in which two companies coordinate their business activities.
Looking at the period January to June 2017, Ninety percent of Phuket resort property purchases were in the range of THB 5-35 M per unit for villas and THB 8 M or under for condominiums. Investors are looking for rental yields of between 5-7% over the course of two to five years.
Many foreign property owners are not aware of the so-called House and Land Tax (“HLT”). Properties that are subject to HLT include:
• Industrial or commercial buildings
• Houses or structures that are similar to houses
• The land on which industrial or commercial buildings or houses or structures similar to houses are situated.