Other Briefings
Thailand Economic Growth to be Curtailed in 2015, 2016 to be Brighter
Thailand’s central bank and HSBC have both lowered their growth forecasts for Thailand in 2015. However, both banks have raised their economic outlooks for 2016. In 2014, Thailand’s economy grew at its slowest pace in three years and has failed to recover so far this year.
The Cost of Business in Thailand Compared With China
Read how ASEAN Tiger Thailand compared to China as a destination for your business in the latest in our nine-part series comparison ASEAN with China.
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Thailand’s European Tariff Privileges Withdrawn
The European Union’s generalized scheme of preferences (GSP) will be withdrawn from over 6,200 Thai products on 1 January, 2015.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.
