Thailand’s Engagement with the Global Minimum Tax in 2025
UNDERSTANDING THE GLOBAL MINIMUM TAX (GMT) The Global Minimum Tax (GMT) is a major shift in international taxation led by the Organisation for Economic Co-operation and Development (OECD), aiming to curb profit shifting and ensure fair tax distribution. Thailand is among the signatories of this initiative, which is based on two main pillars.
Thailand Updates Long-Term Resident (LTR) and SMART Visa Programs
On January 13, 2025, Thailand’s Cabinet approved major revisions to the Long-Term Resident (LTR) Visa program, reinforcing the country’s strategy to attract skilled professionals, investors, and their families. These revisions are designed to encourage foreign investment and contribute to the nation’s long-term economic development. The new criteria will become effective upon official publication in the …
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Navigating Thailand’s PDPA: Key Compliance Insights
INTRODUCTION Thailand’s Personal Data Protection Act (PDPA) is an important framework governing how businesses handle personal data. Compliance with the PDPA is essential for organizations to avoid legal risks, financial penalties, and reputational damage. This article provides an overview of the key compliance requirements, common challenges, and best practices businesses should adopt to ensure compliance …
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Revised Production Processes for Duty-Free and Free Trade Zones in Thailand
In a recent announcement, effective from December 28, 2023, the Office of Industrial Economics has provided crucial updates to the production processes essential for goods in duty-free zones,
Thailand’s Attractiveness as an Innovation Hub
One hundred years ago it would have been inconceivable to see roads dominated by electric vehicles, homes with cleaning robots, and colleagues in virtual spaces.
Cryptocurrency: The Development of Thailand’s Regulatory Framework
Cryptocurrency is not a new asset class, rather it is one that has exponentially risen in popularity in recent years. With such growth in users, governments internationally are seeking to create regulatory frameworks which protect consumers in this new financial system.
SEC Office Expands ESG Commitment: Public Hearing on Carbon Emission Expense Deductions
In a proactive move towards fostering sustainability and Environmental, Social, and Governance (ESG) principles, the Office of Securities and Exchange Commission (SEC) has initiated a public hearing on a significant draft proposal.
Ministry Regulation Draft Aims to Boost Sustainable Investments in Thailand
The Cabinet recently approved the principles of the Ministry Regulation draft, version .. (B.E. ….), in accordance with the provisions of the Revenue Code concerning tax incentives to promote sustainable investments in the country.
Facilitating Investment in Depositary Receipts (DR) through Tax Exemption
The enactment of the “Royal Decree Issued under the Revenue Code Governing Reduction and Exemption from Tax Rates (No. 775),”