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New Tax Rules for Foreign Sourced Income

New Tax Rules for Foreign Sourced Income

Effective from January 1, 2024 onwards the Thai Government has implemented a new tax law which potentially has direct repercussions on any foreigners who are living in Thailand and derive income from albeit sources both within Thailand and/or from overseas via remittances etc. The intention of these new tax laws seems pretty obvious, it’s about…

Wealthy Foreigners can now buy Land & Houses in Thailand

Wealthy Foreigners can now buy Land & Houses in Thailand

In a recent article in The Nation Newspaper, Government sources have revealed that Wealthy foreigners may be eligible to buy up to 1 Rai of land for strictly private personal use in Bangkok, Pattaya and other municipal zones marked out as “residential areas”, subject to several strict pre-conditions. This Government directive will come into effect…

Thai Government Hotel License Amnesty Announcement

Thai Government Hotel License Amnesty Announcement

One of Thailand’s leading international legal advisors, namely “Baker Mckenzie Thailand” has issued a information alert (June 2019) informing interested parties that “Thailands National Council for Peace & Order” has issued Order No. 6/2562 on the 12th of June, 2019 whereby the Thai authorities agree to temporarily cease the enforcement of certain town planning and building control regulations on hotels. Thailand has a…