Thailand Law Blog
Revenue Department Currently Drafting New Foreign Income Tax Law
In September 2024, the Thai Revenue Department announced that it was drafting a new tax law targeting foreign income. This bill, once implemented, will amend the current Thai tax law to align Thailand’s tax system with the concept of “worldwide income” and bring Thailand’s taxation of multinational corporations in line with international standards. The result […]
Thai Government Finalizes a Bill to Legalize Casinos in Thailand
Thailand is on the brink of a major shift in its entertainment landscape, as the government finalizes a bill to legalize casinos within entertainment complexes. This move could transform the country’s tourism and economy, providing new opportunities for both domestic and foreign investors. If you’re a gambling enthusiast planning a visit to Thailand or are […]
Online Scam Victims in Thailand Get More Help with New Law
The Thai government has proposed a new law aimed at combating the recent meteoric rise of cybercrime in Thailand. As a global tourism hub, scams in Thailand are nothing new, but advanced technology has helped cybercriminals in Thailand exploit their victims in new and more efficient ways, necessitating a proportionate response from the government. This […]
SMEs in Thailand Get Credit Benefits with New Agency
In August 2024, the Thailand Cabinet approved the establishment of a new government agency that will issue loan guarantees to applicants and assess their credit risk. Within six months, legislation will be drafted and submitted by the Ministry of Finance and the Bank of Thailand to the House of Representatives to finalize the approval, and […]
Thai Government Clarifies Foreign Business Rules in Thailand
On May 20, 2024, the Department of Business Development under the Commerce Ministry held a meeting to explain foreign investment regulations in Thailand to help foreign investors understand the law and invest more easily in the country without any violations. Participating Organizations There were 36 participants from 19 entities, which included representatives from: The Australian, […]
Cannabis to be Relisted as a Narcotic in Thailand
By the end of 2024, the Thai government intends to relist cannabis as a narcotic. The Decriminalization of Cannabis In 2018, Thailand was the first Asian country to legalize cannabis for medicinal purposes. Later in June 2022, Thailand also became the first Asian country to decriminalize cannabis extracts containing less than 0.2% Tetrahydrocannabinol (THC). This, […]
Draft Legislation in Thailand for Multinational Enterprises
The Revenue Department has submitted a draft legislation to the Office of Secretariat of the Cabinet that will require all multinational enterprises (MNEs) to pay a set percentage of taxes, if it is passed into law. The purpose of this bill is to prevent a specific kind of tax evasion called “profit shifting,” which involves […]
Eastern Economic Corridor (EEC) Visa
In May 2024, a new long-term visa option known as the Eastern Economic Corridor (EEC) Visa was approved by the Thai Cabinet. The visa caters to specialists, executives, professionals, and their dependents. The purpose of this visa is to aid the development of targeted industries in Thailand including automation, robotics, aviation, logistics, and biochemicals. What […]
New Tourist Tax? Thailand Government Plans Overtourism Solutions
Due to the overwhelming number of tourists returning to Thailand after the pandemic, tourist operators have urged the government to take action against overtourism. One of the primary measures being planned is a new tourist tax on all those entering the country in hopes that it will help combat overtourism by funding government initiatives to […]
Minimum Wages Rise Again in Thailand
In addition to the raising of the minimum wage in Thailand which has been implemented in January 2024, a second wage increase has gone into effect as of April 2024, though only for workers in certain sectors. While the new wage hike still falls short of the level promised by the Pheu Thai Party in […]
