RSM Thailand

Property Tax in Thailand

On 13 September 2005, the Thai Government approved a proposal to reintroduce tax incentives similar to those that were in place for the three years ending 2003. Incentives for sales of second-hand houses The incentives approved for re-introduction app... Read >

Termination of Employment & Updaterules for the Department of Business Development In Thailand

Termination of Employment The Labour Protection Act B.E. 2541 (1998) (“the Act") applies to all businesses operating in Thailand. The employer/employee relationship is regulated under Thai law, including matters relating to the termination of an emplo... Read >

Taxation In Thailand

Tax Thailand System The taxation system raises the revenue from the following taxes: Corporate income tax; Personal income tax; Withholding tax; Value added tax; Specific business tax; Customs duties; and Other taxes (including excise tax, st... Read >

Top eleven reasons why you should talkto your accountant NOW, Measuringbusiness performance with KPI

Top eleven reasons why you should talk to your accountant NOW To identify strengths and weaknesses in your business. To analyse the financial impact of decisions before making them. To get a health check of current and future financial position. To ... Read >

Personal Income Tax & Value Added Tax Thailand

Personal Income Tax Thailand: Gains from sale of shares not listed on the stock exchange “Tax law interpretation is not as simple as this and it is wrong to interpret Section 40(4)(g) of the Revenue Code in this way." In 1991, two important amen... Read >

Employment In Thailand

Termination of Employment The Labour Protection Act B.E. 2541 (1998) (“the Act") applies to all businesses operating in Thailand. The employer/employee relationship is regulated under Thai law, including matters relating to the termination of an emplo... Read >

Investment in Thailand

Opportunities Thailand has a well-developed infrastructure and a free-enterprise economy. It has fully recovered from the 1997-1998 Asian Financial Crisis and was one of East Asia’s best performers in 2002-2004. A number of foreign enterprises have ... Read >

General Information About Thailand

General With a coastline spanning 3,219 km, the Kingdom of Thailand (formerly known as Siam) geographically lies in South East Asia and shares borders with Malaysia, Myanmar, Laos and Cambodia. It encompasses a land area of approximately 515,000 sq km ro... Read >

Human Resource Management in Thailand

HR Challenges Business environments and consequently HR are now confronted with many more challenges than they faced in the past and these can include political conditions, economic changes, social changes, technology as well as other internal and exte... Read >

Public Entertainers’Guide to Taxation in Thailand

Pursuant to the local Thailand tax laws, the income of a public entertainer is subject to personal income tax in Thailand. A foreign public entertainer who performs in Thailand is required to file a personal income tax return and pay Thailand personal... Read >

Is Your Business Reliant on You? & Marketing Expertise – 10 Tips for a Well Run Business

Is Your Business Reliant on You? Are you really better than your employees at doing the things your business does? If you’re really honest there are probably a lot of things some of your employees would do better than you if you just gave them a chance... Read >

Have You Got a Plan? and What is a Financial Plan?

Have you got Plans? YOU HAVE PROBABLY heard it before but as the old saying goes “If you fail to plan – you plan to fail". Like it or not, you have to plan. This involves establishing clear objectives and deciding the appropriate actions to achieve th... Read >

Legal establishment and regulatory matters

When one understands the processes involved and the reasons for those processes, an entity incorporation or registration in Thailand is fairly straight forward, but unfortunately, it involves a semi-trailer load of documents, and a power of attorney needs... Read >

Choice of legal entity structure in Thailand

Private limited company By far the most prevalent form of entity that is used in Thailand is the private limited company. A private limited company is simply a company that has at least 3 shareholders (all of which can be US nationals and/or corporati... Read >

US ownership privileges in Thailand

Thailand’s foreign ownership restrictions Thailand’s Foreign Business Act (FBA) restricts non-Thai ownership of most types of business activities in Thailand to a maximum of 49%. The maximum foreign ownership limit of 49% is applied to a huge array... Read >