Effective from 9th June 2022, Thailand has removed marijuana from the narcotics list (except for extracts that contain over 0.2% of tetrahydrocannabinol (THC) by weight) under the narcotics law. This change has created challenges for many Thai employers who want to prevent consumption of marijuana in their workplaces. Many employers consider revising their work rules… Read More
The service of judicial documents of a foreign court on a person residing in Thailand can be made pursuant to the agreements or treaties on judicial assistance in civil and commercial matters and co-operation in arbitration between Thailand and the home countries of the foreign courts. As of 2022, Thailand has signed such agreements and… Read More
Non-Fungible Tokens (NFTs) have recently become a global trend. NFTs are created and stored in a blockchain but are different from fungible cryptoassets such as Bitcoin, as they are commonly used to represent an ownership interest in, or a right to, a unique asset in a tangible or intangible form. The regulatory treatment of NFT’s… Read More
The main tax legislation applicable to FDI in Thailand is the Revenue Code (“RC”), which covers the following taxes:- (1) Corporate Income Tax (“CIT”) CIT applies to businesses and legal entities registered in Thailand or registered abroad but operating a business in Thailand. Except for SMEs, companies registered in Thailand pay CIT based on both… Read More
Employment and Labour Protection The Civil and Commercial Code (“CCC”) and the Labour Protection Act B.E. 2541 (1998) (“LPA”) are the major employment and labor protection laws. The CCC defines employment as a hire of work (hire of services) and provides the general requirements for duties and liabilities of employers and employees. The LPA sets… Read More
The Government of Thailand approves and regulates FDI through several government authorities in charge under different applicable laws. The three major authorities are discussed below. (1) Ministry of Commerce (“MOC”) The MOC regulates and approves FDI of foreigners (defined under the Foreign Business Act B.E. 2542 (A.D. 1999) (“FBA”) as a foreign individual, a foreign… Read More