What impact has Thailand’s strong rebound in tourist arrivals had on the nation’s hospitality sector, and what is expected for the future?
Thailand
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Articles & Analysis | Thailand focuses on improving its medical tourism segment from The Report: Thailand 2017
Medical tourism is an important component of the tourism industry and a significant economic contributor. It has fuelled growth and has done so in a highly efficient manner, generating more income per visitor than the average. As Thailand continues its shift towards high-quality tourism offerings, health care-related development will remain a...
Interviews & Viewpoints | Weerasak Kowsurat, Chairman, Thailand Convention & Exhibition Bureau (TCEB): Interview from The Report: Thailand 2017
How has significant growth in tourism contributed to the meetings, incentives, conferences and exhibitions (MICE) segment in Thailand?
Articles & Analysis | A summary of relevant and current tax legislation in Thailand from The Report: Thailand 2017
The main body of tax law in Thailand is the Revenue Code. Taxes listed under the Revenue Code are primarily collected via a self-assessment system of taxation, whereby taxpayers take responsibility for correctly filing their tax returns and paying taxes. The Revenue Department administers the Revenue Code and enforces compliance with the law...
Interviews & Viewpoints | Andrew Jackomos and Paul Ashburn, Co-Managing Partners, BDO: Viewpoint from The Report: Thailand 2017
The decision of the Full Federal Court of Australia in Chevron Australia Holdings Pty Ltd (CAHPL) v Commissioner of Taxation [2017] FCAFC 62, handed down on April 21, 2017, has drawn considerable interest and may influence the OECD in its development of the Base Erosion and Profit Shifting (BEPS) guidance for the application of the arm’s...
Articles & Analysis | Thailand's recent tax changes and regulations from The Report: Thailand 2017
The major taxes imposed in Thailand are: Corporate income tax: Thai incorporated entities are generally subject to tax on their worldwide income, while foreign incorporated companies are subject to tax on income derived from carrying on business in Thailand or on certain categories of income paid from Thailand. The standard corporate tax rate...