Success has come at a price for Thailand’s tourism industry. With total visitor numbers increasing very rapidly and for many years, infrastructure is under strain. According to the World Bank, bottlenecks are starting to develop in places such as Bangkok, Chiang Mai and Phuket. The situation at the country’s airports is particularly...
Tourism remains one of the primary drivers of economic growth in Thailand. While manufacturing and exports are sluggish and consumer demand weak, visitor numbers were up in 2016 and are expected to hit new records in 2017. After a slight dip in 2014, the upward trend seems to have been re-established. Looking ahead, tourism will remain an...
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...
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...
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...
Thailand’s educational system has a fairly well evolved curriculum, having gone through three major rounds of reform in recent decades, and it is generally regarded as sound. Analyses by UNESCO and others suggest that in terms of approach and theory, it is very much the same as the curricula utilised in Asian nations with highly successful...
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