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Browsing Archive: March, 2012

Tax Liability For Foreigners In Thailand

Posted by Tom Aikins on Monday, March 19, 2012, In : Visa & Work Permit News 
Here's an instructive example of a Thai tax situation which is probably more common than you might think. Bob is English and is 53 years old. He lives full time in Pattaya on a retirement visa and is a computer systems consultant. Most of his days are spent in his study, at a house on a quiet street. There he consults for a company in Australia. All of this is done over the internet. Other than the fact that he lives in this country, Bob's work has nothing to do with Thailand. His salary is p...

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Thai firms 'must embrace Asean'

Posted by Tom Aikins on Friday, March 16, 2012, In : Thailand Business News 
Thai companies, big and small, must consider overseas expansion as they will soon come under pressure from demographic changes, a shrinking domestic market, labour shortages as well as higher wages, said Bangkok Bank's executive chairman.

To Kosit Panpiemras, Asean countries are attractive destinations thanks to the regional single market under the Asean Economic Community, which will take shape in 2015 and ensure free flows of trade and investment. While big Thai companies like Siam Cement Gr...

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Five from Thailand join 'Forbes' billionaires club

Posted by Tom Aikins on Wednesday, March 14, 2012,
Four Thais and one Thai permanent resident made the 2012 Forbes billionaire list, the annual survey of the world's richest people conducted by the US magazine.

Dhanin Chearavanont and family were the richest in Thailand, with total wealth estimated at US$7 billion (214.34 billion baht).

Mr Dhanin is chairman and CEO of CP Group, an agribusiness, food and retail enterprise with global operations. It operates more than 6,000 7-Eleven convenience stores in Thailand. True Corporation, the telecommu...

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