In 2023, Thailand witnessed significant offsets in its tax regulations, bringing both challenges and opportunities for businesses operating within its borders. As the global economic landscape evolves, Thailand’s tax policies have been revised to align with international standards, stimulate economic growth, and foster a more competitive business environment.

This article reviews the key tax changes in Thailand in 2023 and their potential impact on businesses.

The Thai labor market is dynamic and rapidly evolving, crucial for the country’s economic growth. As Thailand experiences social, technological, and economic changes, understanding the market’s trends, opportunities, and challenges becomes vital.

In this article, we’ll explore the current state of the Thai labor market, focusing on emerging opportunities and key challenges for job seekers and employers.

Thailand is a booming business hub in Southeast Asia. It attracts local and international companies with its strategic location, strong infrastructure, and skilled workforce. Moreover, the country offers appealing tax advantages that foster business growth and investment.

In this article, we’ll explore Thailand’s tax incentives for businesses, outlining their benefits and eligibility criteria.

After three years of delays due to COVID-19 pandemic, Thailand’s first law on personal data protection (PDPA) officially entered into force on June 1, 2022.

The PDPA (Personal Data Protection Act) aims to regulate how personal datas are collected, used, disclosed, transfers, and provides a safeguard against abuses of the right to privacy of a date subject. 

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No more PayPal transactions in Thailand from 7 March.

Originally located in the United States, PayPal is one of the most famous online payment platform providers in the world. It allows users to pay for goods or services online, sending and receiving money safely.

With over 360 million active users in more than 200 countries, Paypal has been registered as a legal entity in Thailand since 2016. Besides, as the e-commerce industry in Southeast Asia, including Thailand is growing quickly, the company got a real opportunity from this market. (read our article)

Thailand is one of the fastest-growing economies in Southeast Asia being the second-largest business to consumer e-commerce market in the region after Indonesia (Economic Research, J.P. Morgan Chase Bank).

Thanks to its strategic location, stable economy, business-friendly environment and cost-effective labor, Thailand offers foreign investors a lot of benefits to make it one of the region’s most attractive to establish a business and make important connections (read our article).