Tag Archive: commerce

  1. FRANK Legal & Tax Join Thai – Italian Chamber of Commerce (TICC)

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    In line with our ongoing strategy to extend our connection with Thailand’s business community, we are pleased to announce that we have joined TICC. This organisation is committed to the Italian economy and is a well-known network for business promoting the development of commercial activities as well as industrial and cultural collaboration between organizations and entrepreneurs both Thai and Italian.

    We look forward to attending and participating in the Chamber’s many events over the coming months.

    If you have any questions about partnerships, please do not hesitate to contact us at [email protected]

     

  2. Withholding Tax on E-Commerce

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    The Revenue Department issued a draft bill which would, if enacted, levy withholding tax for online trading of goods and service as well as money-transfer service. The law is intended to take effect within the current military-led regime’s tenure.

    Currently, e-commerce operators that sell goods and service by an online system are required to pay tax just in the same way as all other operators in Thailand. However, enforcement of such tax laws is challenging for government authorities in the globalized internet business world and internet operators are often invisible for the tax authorities.

    Under the prospective new law, operators outside of Thailand who conduct transactions for sale and purchase of goods in Thailand or money-transfer service for consumers in Thailand, will be required to pay withholding tax (among other kinds of taxes).

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  3. BOI Privileges for E-Commerce

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    The Thailand Board of Investment (BOI) is an agency of the Government of Thailand to promote investment in Thailand. It provides investment information and services for investors, as well as many incentives.

    E-commerce is one of the business categories that are promoted by the BOI. In case a foreign company would like to conduct e-commerce business in Thailand, under the current laws it may apply for BOI certificate under category 5.8 E-Commerce and after obtaining a BOI certificate, apply for Business Certificate under FBA.

    Rights and benefits under new policy: E-Commerce under the new policy falls under the B2 group. Privileges for this group may include exemption from import duty on raw materials and non-tax incentives.

    Non-Tax Incentives are upon discretion of the BOI (case by case basis) and may be as follows:

    1. 100% foreign ownership
    2. Rights to own land for an office and factory
    3. Visa & work permit supports for foreign experts (and their families).

    Remark: This category will not be granted corporate income tax incentives.

    There is no government fee for applying for BOI privileges. BOI promotion is highly recommendable and very much sought after by foreign investor starting e-commerce businesses in Thailand.

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  4. FRANK Legal & Tax joins German-Thai Chamber of Commerce (GTCC)

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    We are proud to announce that FRANK Legal & Tax Ltd. is now a member of the German-Thai Chamber of Commerce (GTCC).

    The GTCC, located in Bangkok, promotes bilateral economic relations between Germany and Thailand since fifty years and is one of the biggest foreign chambers of commerce in Thailand.

    GTCC provides services to German and Thai companies and acts as a strategic partner between the two economies. GTCC supports companies and institutions from both countries in opening up new trade and investment opportunities.