The Board of Investment of Thailand (BOI) promotes certain business projects by attractive Corporate Income Tax Exemptions. Only the income derived from the business promoted by the BOI is exempted from Corporate Income Tax. In practice this leads to many disputed questions, as many companies which hold a BOI certificate receive income not only from the business promoted by the BOI, but also from additional, i.e. non-promoted, sources of income.

During the Asia Cooperation Dialogue (ACD) Summit 2016 which took place from 8 to 10 October 2016 in Bangkok the importance of public private partnerships (PPP) as a guarantor for growth in Asia was stressed once again.

One of the most common problems once a middle size company or large company have already started to conduct business in Thailand is how to keep the human assets within the company and avoid the negative effects of “job hopping” among their employees.

Thailand has now a law pertaining directly to surrogacy, i.e. the practice that a woman who is not necessarily the genetic mother of an unborn carries the pregnancy for intended parents. The Act Providing Protection for Children Born through Assisted Reproductive Technologies (ART) was enacted in 2015 (B.E. 2558).

The legal basis for exchange control in Thailand is derived from the Exchange Control Act (B.E. 2485) and Ministerial Regulation No. 13 (B.E. 2497) issued under the Exchange Control Act. These laws set out the principles of controls under which Notifications of the Ministry of Finance and Notices of the Competent Officer are issued.

State agencies in Phuket recently warned condominium owners that renting out a condominium unit on daily basis using AirBnB might violate the Hotel Act.

To understand the definition of an offshore company, we should first understand what a “company” is and what is meant by “offshore”. We can then better focus on comprehending an offshore company in detail and how it relates to the financial industry.

On June 7th 2016, the draft of the Land and Building Tax Act was approved by the government in Thailand. This Act became effective in January 2017 and will be replace the existing and old Building and Land Tax Act B.E. 2475 (1932) and the Local Development Tax B.E. 2508 (1965).