Taxing Times Ahead – The Removal of the CGT Main Residence Exemption for Australian Expats

By Florian Maier, Managing Director and Phi Ploenbannakit, Director ,Antares Advisory, part of Antares Group As employers are aware, under the Labor Protection Act (“LPA”), the annual working conditions report (Form KorRor. 11) must be submitted to the local labor office that has jurisdiction over the workplace. This mandatory reporting obligation is required if the number […]

Thailand Introduces New Investment and Tax Scheme on International Business Center

By Baker McKenzie and Pornapa Luengwattanakit, Partner, Head of the International Commercial and Trade practice in Bangkok Baker & McKenzie Limited Part I: IBC as promoted by the Board of Investment The Thailand Board of Investment (“BOI“) has repealed its investment promotion policy to promote International Headquarters (“IHQ“) and International Trading Center (“ITC“) businesses on 11 […]

Free Investing For Those Moving or Returning To Australia

By Darren Beech, Wealth Planner Expat Financial Planning (Globaleye)  Like many Australian expatriates, you may choose to return to Australia to live for a period or even permanently. It is important that your financial plans are flexible enough to meet changes in your lifestyle, such as becoming tax resident in Australia. There are many things to […]

Investment Incentives In Thailand

By Naddaporn Suwanvajukkasikij, Partner and Oramart Aurore Saardphak, Associate LawPlus Ltd 1. Industries Eligible to Investment Incentives Thailand promotes investments by granting tax and non-tax incentives to investors in a variety of  categories and locations of businesses under the Investment Promotion Act B.E. 2520 as amended (IPA) and the Eastern Economic Corridor Act B.E. 2561 […]

Thailand’s Customs & Tax Landscape – Look Back at 2017 and Ahead into 2018

By  Grant Thornton 2017 was an eventful year for Thai tax collection agencies.  The customs law was consolidated with introduction of a new Customs Act.  Prior to 13 November 2017 – the date that the new Customs Act became legally effective – the country had 23 sets of customs legislations were enacted from 1921 to 2014.  […]

Thailand joins the Inclusive Framework on BEPS

By  Utumporn Tongpian, Senior Manager at BDO Thailand In 2017, Thailand became the 98th jurisdiction to join the OECD’s Inclusive Framework on base erosion and profit shifting (BEPS). The Inclusive Framework, which now has more than 100 members, will monitor and peer review the implementation of the minimum standards of the BEPS package as well as complete the […]