Cabinet Approval of Alcoholic Beverage Tax Reductions and Exemption for Tourism Enhancement: An Examination of Excise and Customs Tax Revisions
On the 2nd of January 2024, the cabinet granted its approval for substantial tax reductions and exemptions on alcoholic beverages, marking a strategic initiative to fortify the tourism sector.
The future of digital asset taxes in Thailand
Digital assets have become rapidly popular among Thai investors in the past few years as their value tends to rise dramatically higher than other traditional assets, yet with higher risks. According to the Emergency Decree on Digital Asset Businesses, 2018, digital assets consist of cryptocurrencies and digital tokens. Digital assets, especially cryptocurrencies, can yield incredible …
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The Thai Cabinet approves Tax Relief Measures on Digital Assets and Startups
On March 8, 2022, the Thai Cabinet of the Royal Thai Government has approved in principle two different sets of tax measures.
Thailand: Fast-Track Trademark Filing System
In its continuous efforts to improve the efficiency of IP-related registration services in Thailand and to reinforce filing services in the digital age, the Department of Intellectual Property (DIP) has implemented a “Fast-Track Trademark Filing System” for new trademark and renewal applications, which also aims at facilitating business owners who need to present a trademark …
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