News & Articles

Innovation is the fundamental pillar of achievement in the rapidly evolving business landscape. It is essential for both emerging entrepreneurs and established industry players to safeguard their intellectual property to sustain a competitive advantage. However, the patent application process in Thailand, like many other countries, involves a variety of examination and review phases.

On March 12, 2024, the Cabinet made significant strides in fiscal policy by endorsing tax measures designed to stimulate fundraising activities utilizing digital tokens for investment purposes, termed Investment Tokens. This legal article provides a comprehensive examination of the ratified tax measures, elucidating their ramifications and objectives within the framework of nurturing the digital economy in consonance with governmental directives.

In a notable development on February 6, 2024, the Cabinet announced its resolution to extend tax relief measures for digital asset trading, providing a lifeline for individuals and juristic entities involved in the realm of cryptocurrencies (“Cryptos”) and utility tokens. The Value Added Tax (VAT) exemption for transfers of Cryptos and utility tokens has been extended from December 2023 to January 1, 2024, onwards.

On March 2, 2023, the Securities and Exchange Commission (SEC) of Thailand took a significant step forward by approving amendments to the regulatory framework governing digital assets during its Board Meeting No. 5/2566.

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. These tax amendments, expected to take effect shortly, include alterations to both Excise Tax and Customs Tax frameworks.

ILCT is delighted to have partnered with a distinguished representative from the Board of Investment in producing an informative and insightful video that explains Thailand’s new Long-Term Residency program.

The Revenue Department has recently announced changes to the taxation of foreign-sourced income brought into Thailand by Thai tax residents. Previously, Thai tax residents who earned income abroad would not be subject to personal income tax if the taxable income was not brought in within the same tax year that it was earned.

In a significant legal development, the Minister of Interior, acting on the recommendations of the Hotel Business Promotion and Control Committee, has issued the “Ministerial Regulation on Hotel Business Types and Criteria (No. 2) B.E. 2566 (2023),” hereinafter referred to as the “New Regulation.”

In pursuit of fully leveraging the Digital Tax Ecosystem by 2028, Thailand’s Revenue Department has rolled out regulations related to digital systems.

Thailand maintains its position as a popular destination for foreign investment, with a stable economy, favorable investment climate, and strategic location in Southeast Asia. In 2022,…

On March 6, 2023, in a significant move, the Thai Cabinet approved tax measures pertaining to Digital Investment Tokens.

The Cabinet recently approved a corporate income tax and VAT exemption on the public offering and trading of investment tokens in both primary and secondary markets.

Thailand’s Work from Home Bill introduces an amendment to the Labor Protection Act B.E. 2541, a critical labor law in the country.

On June 21, 2022, the Cabinet of the Royal Thai Government has decided to exempt the Personal Income…

On November 8, 2022, the Act Amending the Civil and Commercial Code (“CCC”) …

Thailand is a popular destination for expats and retirees from around the globe. If you’re a foreigner living in Thailand, or with properties or ties …

Thailand is a popular destination for expats and retirees from around the globe. If you’re a foreigner living in Thailand, or with properties or ties …

The “e-Extension – Save time at Immigration” is a service system aimed …

which aims at reforming the way the Public Administration serves the public by procuring…

On September 13, the Cabinet of the Royal Thai Government approved an increase of the minimum wage..

On June 20, 2022, the Personal Data Protection Committee announced the four notifications regarding…

On June 21, 2022, the Cabinet of the Royal Thai Government has decided to exempt the Personal Income…

In an attempt to attract ‘high-potential’ foreigners to stay in Thailand to stimulate domestic spend…

Starting from July 1, 2022, the Thailand Pass registration scheme to enter Thailand will be removed….