Plans to reform Thailand’s tax system, including the introduction of inheritance and property taxes, have been approved by the Chief of the military-led National Council for Peace and Order (NCPO), Gen.Prayuth Chan-ocha. The proposed reforms would raise revenue by increasing taxes primarily on the wealthy. Thailand’s Ministry of Finance (MOF) has said Chan-ocha wants the…
Fabian Doppler was recently interviewed by THAIZEIT.DE on issues relating to the crackdown on abusive “Visa Runs” by foreigners (which are now no longer tolerated even in case of entering the country by plane), the new regulations of tourist visa exemption and other advice in response reader’s queries. The article has been published HERE
In our practice we often see that there is a great deal of confusion among foreigners in Thailand regarding the legalities of owning a house. Please see the below article (published in Samui Phangan Real Estate Magazine) which provides some information and clarification:
The website of the Thailand Immigration Bureau in Bangkok has on 22nd July 2014 posted a new announcement regarding its rules for overstay. Today’s announcement is further confirmation on the proposed crackdown on foreigners overstaying in Thailand, which was reported earlier this month.The announcement which is written in both English and Thai details the penalties for overstay…
FLT represents an investor to complete the purchase of a 100+ room key hotel in a resort location in Phuket. FLT were responsible for the contracts and negotiations, due diligence and real estate matters. The hotel is currently under construction.
This article describes the establishment of renewable energy in Thailand and respective government incentives.
Foreigners in Thailand are allowed to lease land for 30 years. Standard lease contracts include two renewal options for further 30 years and usually a purchase option. Are these options enforceable in practice? This article looks at details.
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