Other Briefings
Thailand’s Government to Cut Land and Buildings Tax and CIT Rates on SMEs
Thailand’s government has announced that it will be cutting the tax rates on its Land and Building tax, as well as on its Corporate Income Tax rates for small and medium-sized enterprises.
Thailand’s European Tariff Privileges Withdrawn
The European Union’s generalized scheme of preferences (GSP) will be withdrawn from over 6,200 Thai products on 1 January, 2015. The scheme provides developing country exporters with reduced or nil duties on exports to the EU until they are deemed competitive enough to no longer need such support.
Thailand Postpones VAT Hike
Thailand’s Prime Minister Prayut Chan-o-cha announced the postponement of the country’s proposed value-added tax (VAT) hike on December 2, 2014, citing unfavorable economic conditions. Thailand’s growth forecasts have been downgraded by ANZ’s Roy Morgan from 1.3 percent to 0.9 percent for 2014, and from 4.8 percent to 4.2 percent for 2015.
Thailand’s Government Announces that it Will Keep Income Tax Cuts in Place
Foreign investors in Thailand can breathe a little easier; the country’s new government has announced that it will extend the lowered rates of corporate income tax (CIT) and personal income tax (PIT) through the 2015 tax year. Thailand’s Finance Ministry is hoping that the extension of the tax cuts will spur consumption and aid economic growth.
Thailand Considers Inheritance and Property Tax Reforms
The head of Thailand’s National Council for Peace and Order has approved plans to reform Thailand’s tax system, namely by incorporating inheritance and property taxes.
Thailand’s Intellectual Property Regime
Recently, Thailand has taken significant steps to boost their intellectual property (IP) regime toward international standards of protection and enforcement. This article provides an outline of the main types of IP that can be registered in Thailand, with a number of tips for foreign businesses.
Thailand’s GDP Growth Forecast Raised to 2.3 Percent for 2014
Thailand is expected to experience 2.3 percent economic growth in 2014, according to a revised forecast by Kasikorn Research Center.
Fixing Thailand’s Economy: Challenges for the New Government
Last week, Thailand’s military government announced a series of emergency economic measures that will aim to breathe life into the country’s struggling economy.
U.S. Imposes Anti-Dumping Duty on Steel Products from Thailand, Malaysia and Vietnam
The U.S. Department of Commerce announced its decision last week to impose an anti-dumping duty on stainless steel pressure pipes imported from Thailand, Malaysia and Vietnam.
Political Unrest Weighs on Thailand’s Economy
Thailand’s political gridlock has struck a blow to the country’s economic progress following the ousting of Prime Minister Yingluck Shinawatra, with Moody’s rating agency calling it a “credit negative” event.
