Thailand Income Tax
Thailand Income Tax. Thailand income taxation system is governed primarily by the Revenue Code B.E. 2481 (1938), and is administered by the Revenue Department under the Ministry of Finance. The tax regime applies both to resident and non-resident individuals, as well as juristic persons (companies) operating in Thailand or deriving income from Thai sources. Taxation […]
Foreign Business Act
Thailand’s Foreign Business Act (FBA), B.E. 2542 (1999) is the key legal framework that regulates foreign investment in Thailand. Designed to protect Thai businesses and industries, the law restricts certain economic activities for foreign-owned companies while allowing investment in designated sectors. For foreign investors looking to start a business or expand operations in Thailand, understanding […]
Thai Business Partnerships
Thai business partnerships are a collaboration between two or more parties to conduct business activities under shared ownership and responsibilities. Partnerships are governed by the Civil and Commercial Code of Thailand, offering three main structures: Ordinary Partnership, Registered Ordinary Partnership, and Limited Partnership. Each has unique legal, financial, and operational implications. 1. Types of Business […]
