On 13th January 2021, the Thailand Board of Investment (“BOI“) issued a series of announcements, retroactively effective from 4th November 2020, to encourage more investments in the targeted industries in Thailand.  Their key provisions are summarized below:- 1.   Five new investment activities are eligible to investment promotion.  They are (1) hospital for elderly; (2) nursing... Read More

2020 was a challenging year for investors in most of the industries worldwide, while a few of them saw it a good year.  The COVID-19 pandemic sent transport and tourism industries down south, but health care, IT and e-commerce industries enjoyed growth. In Thailand the Board of Investment (“BOI”) worked very hard to provide tax... Read More

On 23rd February 2018, the Ministerial Regulation on Categories of Security Receivers (No. 2) B.E. 2561 (A.D. 2018) (“Security Receivers Regulation No. 2”) issued under the Business Collateral Act B.E. 2558 (A.D. 2015) (“BCA”) was published in the Royal Gazette and it has become effective since then. The BCA was enacted on 5th November 2015... Read More

On Friday 18th August 2017, the Prime Minister’s Delivery Unit announced that the NRSRC (National Reform, Strategy and Reconciliation Committee) approved the so-called “Smart Visa” to welcome foreign talents in Thailand.  The Smart Visa is a simplified, fast-track procedure for four types of foreign talents to obtain a visa for Thailand.  It is very inspired... Read More

The Royal Decree Issued under the Revenue Code, Re: Tax Exemption (No. 621) B.E. 2559 (A.D.2016) (the “Royal Decree”) was published in the Government Gazette on 30th August 2016 and came into effect on 31st August 2016 to grant corporate income tax exemption to social enterprises. Social Enterprises  Under the Royal Decree, a social enterprise (the “SE”)... Read More