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...
by panwa group | Dec 1, 2018 | 2.Corporate
To attract foreign investment, the BOI offers a wide range of fiscal and non-tax incentives. To reduce risks, the BOI offers guarantees against nationalization or competition from new state enterprises. It also grants permission to bring in foreign nationals to...
