ASEAN Briefing

UK and Thailand to Cooperate in New Era of Smart City Development

The UK and Thailand have jointly launched the “UK Thailand Tech Export Academy”.  The purpose of the collaboration is to promote the development of “smart cities” to be constructed across Thailand.  So far, the initiative has involved the matching of over 200 businesses from the ...

Thailand Issues New Incentives for EEC

In late December 2019, Thailand’s Board of Investment (BOI), the government agency responsible for foreign investment promotion, issued new incentives to attract investments in the country’s Eastern Economic Corridor (EEC).The EEC is a special development zone (SEZ) established in 2017 and straddles three eastern provinces ...

Ayman Falak

Thailand’s New Land and Building Tax Act

In March 2019, the Thai government introduced the new Land and Building Tax Act B.E. 2562, which has been in effect since January 1, 2020.The Act obligates individuals, corporate entities, or any beneficiaries of land or buildings, to pay land and building tax. The new ...

Ayman Falak Medina

Thailand’s Eastern Economic Corridor – What You Need to Know

On February 1, 2018, the Thai parliament approved the law for trade and investment in the Eastern Economic Corridor (EEC). With the EEC, Thailand hopes to develop its eastern provinces into a leading ASEAN economic zone. The EEC straddles three eastern provinces of Thailand – ...

Bradley Dunseith

Investing in Thailand: Tax and Non-Tax Incentives

Thailand’s Board of Investment (BOI) offers a range of tax and non-tax incentives to foreign companies making investments that are deemed highly beneficial to the Thai economy.In 2015, the BOI announced a new seven-year investment promotion strategy (2015-2021) that offers special privileges to foreign investors. ...

Dezan Shira & Associates

Thailand’s Investment Outlook for 2018

Thailand is a fairly developed economy with an upper-middle-income status. Situated in the heart of Southeast Asia, the country serves as a gateway to one of the world’s most dynamic markets. Despite a decade of political instability and economic shocks, the economy grew at a ...

Vasundhara Rastogi

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