Thai cuisine is famous and popular the world over, and for many visitors a main highlight of any trip to the kingdom is the ability to sample Thai cooking on its home soil. While very few inbound visitors hailing from international cities do not have access to a Thai restaurant in their home country, there is still something unique and special...
The main body of tax law in Thailand is the Revenue Code. Taxes under the Revenue Code are primarily collected under a self-assessment system, whereby taxpayers take responsibility for correctly filing their tax returns and paying taxes.
ETIQUETTE: The kingdom of Thailand is a predominantly Buddhist country, with Muslim and Christian minorities. Since the 1960s, the country has been one of the most popular tourist destinations in the world and as a result caters to visitors from different cultures. In business settings it is common to...
In Thailand business organisations can be divided into two types, non-profit organisations and business organisations. Non-profit organisations have to register under the Civil and Commercial Code, and are divided into associations and foundations. Associations can conduct any activity that is ongoing and not operated with the purpose of profit...
OWNERSHIP OF LAND BY A FOREIGNER: In theory foreigners cannot own land in Thailand, but in practice they can own up to 1600 sq metres for residential purposes under a Board of Investment (BOI) regulation (Land Code Section 96 bis) that demands, for land purchase, BT40m ($1.3m) to invest in Thailand in...
There are eight major taxes imposed in Thailand:
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