Any foreigner overstaying his visa in the Kingdom of Thailand for a longer period will be banned from re-entering the country for a specific time!

The Industrial Estate Authority of Thailand, Ministry of Industry, has announced plans to set up 28 additional industrial estates to accommodate the expanding production base

The Secretary General of the Board of Investment (BOI) reaffirmed the commitment to revise and implement a new investment promotion policy. The new policy is expected enter into effect on 1 January 2015. 

On 27 May 2013, the Revenues Department issued a new VAT reporting requirement that is applicable for all VAT registrants (Announcement of the Director General No. 197 (2013)). 

The Anti-Money Laundering Office (Amlo) recently announced that the global intergovernmental Financial Action Task Force (FATF) has agreed to upgrade Thailand from its "dark grey'' to "grey'' list following the passage of two bills to amend the Anti-Money Laundering Act and the Anti-Terrorism Act. That means Thailand is still considered a risk, but is making active progress to address FATF concerns. 

On September 30, 2012 Law Firm ABC Asian Legal Service Co. concluded the Agreement on strategic partnership and long-term cooperation with Ukrainian law firm IMG Partners.

The income tax rate is reduced to 23 %, a new rule applies to companies whose accounting business period ends on December 31, 2012 or later. Of 1 January 2013, the rate reduces to 20%. The maximum tax rate till 2012 was 30%.

The social security fee was reduced from 10%. During the year, the fee was changed as follows: from January 1, 2012 to June 30, 2012 the fee was 6%, from July 01, 2012 to December, 31 2012 the fee is 8%. The payment procedure is the same: half of the fee is paid by the employer and half of the fee is withheld from the employee's salary.

Our new address is 352/329 M. 12, Nongprue, Banglamung, Chonburi 20150, Thailand. Phone: +66-38-252531 / 2, Fax: +66-38-252533