Thailand Law Blog

Income Tax Implications for Loans Between Private Companies

A Revenue Department Advisory Opinion issued on January 21, 2015 provided guidance regarding income tax implications for loans issued between private companies. The facts were that Company A was registered as a limited company, with an unspecified amount of registered capital, and with no branch offices. The accounting period of the company was April 1 […]

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Thailand: Guidance Regarding Zero Percent Value Added Tax

In principle, the Thai value-added tax (VAT) system should only apply to the sale of goods and services that occur within Thailand. However, going strictly according to legal principles, the Thai Revenue Code applies VAT to sale of goods and services outside of Thailand, but applies a tax rate of zero percent, rather than exempting […]

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Limiting the Authority of a Company Director

When foreign investors do business in Thailand, it is often more expedient to hire a Thai person to serve on the board of directors along with the foreign directors. Generally, Thai law does not require a limited company to have a Thai national to serve on the board of directors. Furthermore, maintaining control of the […]

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Requirements for the Application of Foreign NGOs in Thailand

In the previous articles, we went into some detail regarding the operation of foreign NGOs in Thailand, including a list of information that a foreign NGO must submit to the Committee if it wishes to establish an office in Thailand or to send any of its official to work here. However, we also discussed that […]

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Primary Laws Governing the Operations of Foreign NGOs in Thailand

As mentioned in the previous article (Operating a Foreign Non-governmental Organization in Thailand), one of the two primary laws governing the operations of foreign NGOs in Thailand is the Regulations of the Ministry of Labor and Social Welfare on the Entry of Foreign Private Organizations to Operate in Thailand B.E.2541 (1998). The aforementioned regulations detail […]

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Operating a Foreign Non-governmental Organization in Thailand

Non-governmental organizations (NGOs), both domestic and foreign, play an important role in advancing civil society and economic development in Thailand. Foreign NGOs represent a potential source of technological transfer and material support, which is vital for a developing country. However, international organizations that may be interested in operating in Thailand must first contend with a […]

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Criminal Law: Crime of Misappropriation

Under Thai law, if an unmarried couple breaks up, is it possible for the boyfriend to demand return of money that was given to the girlfriend during the relationship? And if so, how much of it can he get back? Under normal circumstances, the answer to that question would simply be negative. However, it would […]

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Unregistered Condominium Projects in Thailand

In Thailand, the Condominium Act of B.E. 2522 (1979) provides for the registration of a condominium project. In order to register a condominium project, the developer must owned the land upon which the condominium project is situated. Once the project is registered, the Land Department official is able to issue title deeds for individual units […]

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Authority of Company Liquidators

When a company is dissolved in Thailand, it must thereafter be liquidated, wherein its debts are paid, its assets are distributed to the shareholders, and all of its other remaining affairs are settled. During the liquidation phase, company liquidators must be appointed in order to conduct the aforementioned duties. The company liquidators will have the […]

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Company and Partnership Offenses in Thailand

Thailand has strict laws regulating the operation of companies and partnerships. Unlike in some other jurisdictions, violations of company and partnership laws are criminal offenses in Thailand and may result in either imprisonment or fines depending on the severity of the offense. Therefore, it is imperative, especially for foreign entrepreneurs who are less familiar with […]

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