by panwa group | Dec 1, 2018 | 2.Corporate
The Ministry of Industry has the power to designate The size and quantity of the type of factory in each category that should be established or expanded or not be established or expanded in any locality in the Kingdom. The type, quality, source of origin and...
by panwa group | Dec 1, 2018 | 2.Corporate
Definition of a Foreign Company According to the Foreign Business Act of 1999 (FBA), the term foreigner means: Natural person not of Thai nationality. Juristic person not registered in Thailand. Juristic person registered in Thailand having the following...
by panwa group | Dec 1, 2018 | 3.Accounting-Tax
Personal Income Tax Personal Income Tax (PIT) is a direct tax levied on income of a person. A person means an individual, an ordinary partnership, a non-juristic body of person and an undivided estate. In general, a person liable to PIT has to compute his tax...
by panwa group | Dec 1, 2018 | 2.Corporate, 3.Accounting-Tax
Property tax Property tax is imposed and collected annually. There are two kinds of property tax in Thailand: (1) house and land tax and (2) local development tax. Under the House and Land Tax Act B.E.2475 (A.D. 1932) as amended, the tax is imposed on owners...
by panwa group | Dec 1, 2018 | 2.Corporate, 4.Miscellaneous
The investment environment is one of the most enabling in the region. Successive administrations have been committed to letting the private sector be the driver while government plays a supporting role. This remains the cornerstone of Thai policy. The country’s...
