How does Thailand’s corporate tax policy compare to other ASEAN countries?
The main body of tax law in Thailand is the Revenue Code. Taxes listed under the Revenue Code are primarily collected under a self-assessment system of taxation, whereby taxpayers take responsibility for correctly filing their tax returns and paying taxes.
Being a second-generation US lawyer domiciled in Asia, and my family having first settled in East Asia 71 years ago in 1947, I have learned several lessons as to my own role in this geography.
While Thailand has long capitalised on the popularity of its cuisine, the production, selling and exporting of food products is being given renewed focus under the national Thailand 4.0 initiative. With food processing listed as one of the First S-Curve industries that the authorities are seeking to add value to in the short to medium term,...
The global economy is entering the Fourth Industrial Revolution (4IR), or Industry 4.0, based on the application of new digital and automated technologies in production processes and service delivery. These changes are presenting emerging markets with opportunities such as improved productivity, as well as risks, namely reshoring and the...
After a decade of external disruption – which saw the 2008 global financial crisis, the floods of 2011, political protests in 2013-14 and the military coup of 2014 – Thai industry is getting back on track. According to the Ministry of Industry, the manufacturing production index (MPI) grew by 2.5% in 2017, with stronger growth in the second...
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