Archive for January 2017 | Monthly archive page
Summary: The Thai government (“Government”) announced changes to certain regulations under the Thai Revenue Code (“Revenue Code”) to reflect the growth of the Thai economic status and cost of living. Most notably were changes to the rules on deduction of personnel expense, personal allowances and personal income tax rates.
For greater incentive to carry on business, the Government is encouraging business owners to establish a legal entity having only one shareholder by providing additional tax benefits to companies incorporated between 10 August 2016 and 31 December 2017 upon transfer of individual assets as payment in kind for capital payment in such company. → Read more