When an employer company in Thailand wants to terminate an employee, they need to give an advance notice in writing before or on the date the salary payment is due for the termination to take effect on the next salary payment due date. If the employer terminates an employee and wants the termination to take […]
In order to help improve the performance of small and medium enterprises (SMEs), which are defined as entities with no more than Baht 5 million of paid-up capital and sales revenues of no more than Baht 30 million per annum, the Thai government has approved the following tax measures: Corporate income tax exemption on income […]
Thailand BOI has announced that it would allow 101 companies registered with the Ministry of Labour to continue hiring unskilled foreign workers until 31 December 2012, extended from 31 May 2012 as per an earlier announcement. In addition, incentives for machinery and technology improvement for increased production capacity will also be extended until the end of […]
The provision of services rendered within Thailand is generally subject to 7% VAT. However, if the provision of services is considered as “exported” under Section 80/1(2) of the Revenue Code, zero-rated VAT treatment can be applied in line with the procedures and conditions as specified under the following Notifications: – Notification of the Director-General on […]
The fees involved in setting up a Thai limited company if you hire a full service professional firm are as follows: Professional fees: 1. Setting up a new company inThailand, including getting a tax ID and VAT registration – Professional fee – Baht 40,000 – 100,000 2. Getting a foreign business license (or certificate to […]
A dormant company is a registered company with no trading activities for a certain period. It is possible to register a limited company then keep it inactive since there is no time limit for keeping a company in dormant status (some refers to it as “shelf company”.) Thus, you may choose to put your company […]
How to close a Thai limited company? Some company owners decide to close down their Thai registered company either for the purpose of opening a new company or permanently cease doing business in Thailand. Whatever reasons you have for closing your Thailand business, legal, accounting and auditing assistance are required to ensure that the company […]
A very popular question among foreigners wanting to operate a business in Thailand is how much minimum capital is required to set up a company in Thailand. A lot of people also want to know whether the capital needs to actually be paid or not. If you are a foreigner and will need a work […]
The extra income from gratuity or service charges that business establishments give to its employees could not be included in the Baht 300 daily minimum wage. Because it was money from customers and not from the employer, service charges are considered as welfare under the Labor Relations Act. However, if any employer insists on including […]
The Thai Government has recently approved a 15-day paternity leave for state officials or employees whose wives have given birth to take care of the new mothers and babies. The draft royal decree permits the state officials or employees to take up to 15 days off at full salary within 30 days of the child’s […]