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News

Achievements of BOI

Board of Investment (BOI) reported on the results of new investments in the first 10 months of this year in targeted clusters promoted by the government. The amount of investment reached 400 billion baht. About 138 billion baht was invested in 144 projects in the targeted clusters, which are designed to modernize the economy. Read more...

End of year shopping tax break approved

The Cabinet of Ministers has approved tax breaks for residents of Thailand from 15 to 31 December. These measures are aimed at stimulating the domestic market during the season of Christmas and New Year holidays, as well as the traditional high demand for shopping. The essence of the project is that every resident of Thailand shall have the right to receive a tax refund on shopping expenses up to 15,000 baht, depending on their income-tax rate. Read more...

Land tax is postponed for 1 year

According to the Minister of Finance Mr. Apisak Tantivorawong land tax, which was supposed to enter into force on 1 January 2017 is delayed by one year because of differences of opinions involving categorization between the Council of State and Ministry of Finance. According to the bill of the Ministry, all land should be divided into 4 categories: land used for agricultural purposes, residential land and houses, commercial land and buildings, as well as vacant land. Read more...

Visa waiver for another 3 countries

As it became known lately, the Ministry of Tourism and Sports of Thailand plans to add another 3 countries (Hong Kong, Macao and Taiwan) to the list of 19 countries that have already received a special offer on which the payment for visa fees at the embassies and consulates of Thailand in the high season will be canceled and the cost of the visa on arrival will be reduced by 2 times. Thus, it is planned that the number of tourists from these countries will increase by 10% next year compared with the previous year. In addition, the Ministry plans to expand the visa privileges for visitors from Taiwan, Hong Kong and Macao, as these countries have a high potential for Thai tourism. Read more...

Latest Articles

Thailand Elite: Elite Visa for 5 years and more

Thailand is a friendly country for the tourists especially for those having money. However, the term of residing in Thailand for traveling purposes is limited by 30 days stamp or visa for 2 month. For those who need to come to Thailand often, stay long and do not depend on stamps on the border there are different options such as student visa – if there is an intention to learn. Read more...

Rent of condominium units on a daily basis

Can a foreigner to rent out his apartment on a daily basis? Is it allowed to rent out an apartment, not having a work permit? That's what Thai legislation sets on the matter. 1. Condominium Act does not prohibit rent of the condominium units for short periods. Read more...

Personal income tax in 2017

Taxation is always an actual subject to discuss. Recently in Thailand there are mostly positive changes especially in personal income taxation field. The latest changes of the rates were made in 2013 and still work as per today. Read more...

Time to collect stones back

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