• The evolving threat of the Coronavirus (COVID-19) pandemic is already impacting businesses around the world. Significant loss of revenue can cause layoffs and even business closure. Companies need to incorporate pandemic planning to ensure continuity for their most critical products and services.

  • Although it is not the main activity of companies, payroll management can make costs very high within a service company, especially if in addition to permanent employees or temporary employees are hired. We give you 3 ways to reduce payroll costs in your service company:

  • The Labor Protection Act of 1998 is applicable to all employees and employers, except for the government administration and state enterprises. The Labor Protection Act regulates the minimum rights of both the employee and employer by defining the working hours, welfare funding, holidays, days of sick leave or educational leave, overtime, work safety.

  • Employers operating their businesses in Thailand can, under Thai Labour Law, terminate the employment of their employees by dismissing them. Conversely, termination initiated by employees is referred to as resignation.

  • The various documents on this page are made available for information purposes only. We do not require clients to familiarise themselves with the information below.

  • Below is a list of all necessary forms and documents related to tax – from withholding tax through personal income tax to corporate income and specific business tax.

  • Business operating in Thailand and exceeding 1.8M THB in turnover are subject to paying VAT (value added tax), or in other words, an indirect tax imposed on the value added at each stage of production and distribution.

  • If you live and work in Thailand for any period during the financial year, you will need to pay personal income tax (PIT). It is the responsibility of the individual to do this by the end of March each year. This may seem like a daunting task, especially for people who have lived in countries where they have never had to do this.

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