To view this article on our website ASEAN Briefing, please click here. To download for free our Guide “An Introduction to Doing Business in ASEAN 2017“, please click here. Thailand’s updated personal income tax (PIT) structure officially came into effect on January 1, 2017, with the aim to ease tax burdens and boost […]
We’ve discussed how the fear of missing out (FOMO) could keep you from saving money through reckless spending, but FOMO can also affect your investing strategies. “You see how some people are making a killing on various investments – look at the soaring value of Bitcoin – of course you’ll want in too. But following these types […]
Some people may think that one way to protect themselves and their assets is to keep the details of their estate plans from as many people as possible. “It may sound like the plot to a bad movie or a TV police drama, but the contents of a will shouldn’t be kept a secret until […]
The Telecommunications Business Act B.E. 2544 (2001) (“TBA”) provides that a person operating a telecommunications service in Thailand is required to obtain a license. “Telecommunications Service” is defined under the Act on the Organization to Assign Radio Frequency and to Regulate Broadcasting and Telecommunications Services B.E. 2553 (2010) as: “A service which provides the emission, […]
The Thai Government has established new punishment for tax evaders and fraudulent taxpayers by enacting the Revenue Code Amendment Act (No.45) B.E. 2560. Accordingly, a person who commits tax evasion and/or tax fraud as well as fraudulent tax refund application shall be regarded as committing a serious offense effective since 2nd of April 2017. Tax Evasion […]
According to the Employment Protection Act, any Employer that hires 10 or more people must have Working Regulations duly written in Thai language and displayed in a noticeable area at the workplace. A copy of such Working Regulations must be also submitted to the Director-General of Department of Labor Protection and Welfare for acknowledgment, review […]
BRS is pleased to announce the first issuance of a Type 1 telecoms license for IIG (International Internet Gateway) services in Thailand. Until now, IIG services have been reserved exclusively for Type 3, IIG-licensed operators. Authorization to conduct telecoms business in Thailand is in the form of licenses issued by the National Broadcasting & Telecommunications […]
We would like to take a moment to introduce Andreas C. Richter and welcome them to the network. Please feel free to reach out to Robert using the contact information below: +662 022 1002 [email protected]
The National Broadcasting & Telecommunications Commission (the “NBTC”) has postponed the deadline for Over-The-Top (“OTT”) providers to register with the NBTC until the regulatory framework for OTT is officially enacted. The NBTC board has appointed an OTT sub-committee to draft regulations for the NBTC’s approval within 30 days. The NBTC will then hold a public […]
Successful people are heavily focused on wealth creation, but the protection and enjoyment of that wealth are equally important. Multiple jurisdictions around the world are keen to attract high net […]
Read moreThai society is now in a transition era and 2017 will be the first year during which the elderly will be more numerous than the younger population. This situation is due to the rapid decline in both fertility and mortality of the Thai population. In order to encourage the private sector for hiring elder people, […]
In 1933, Thailand had initiated a scheme for the collection of inheritance taxes. Due to a strong opposition, the scheme was however abolished in 1944. The current government has planned to reform Thailand’s tax system in order to reduce the income disparity gap between rich and poor social classes. The new Inheritance Tax Act B.E. […]
