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Law

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Thailand Approves Tax Cuts to Spur public spendings

Thailand’s cabinet approved tax measures to help boost public consumption to support the country’s economy whose vital tourism sector has just recently begun to recover
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Thailand to tax Stock market trades ending a 30 years waiver

The tax is expected to contribute to the Thai government’s budget revenue by about 8 billion THB (230 million USD) in the first year
a22d553a boi 11 2022

Thailand BOI Announces New Incentives for Investor Retention, Relocation and Hydrogen Vehicles

The strategy also sets five sectors of strategic importance to industrial development as priority industries, namely the bio-circular-green (BCG) sector, the EV supply chain, electronics manufacturing, the digital economy, and creative industries.
Thailand Issues New Incentive Package for Electric Vehicle Industry

Thailand Issues New Incentive Package for Electric Vehicle Industry

The new incentive package includes significant exemption in import duty and excise tax for a wide range of EV models, not to mention previous subsidies announced in February.
Vietnam Increases Overtime Hours Until Year End

Vietnam Increases weekly Overtime Hours quota to 60 hours

Vietnam’s National Assembly passed a Resolution on March 23 to increase overtime working hours from the current 40 hours to 60 hours a month. However, the total number of overtime working hours cannot exceed 300 hours annually.
Proposed Amendments to Thailand’s Public Limited Companies Act

Proposed Amendments to Thailand’s Public Limited Companies Act

The proposed amendments aim to improve the efficiency of and bring consistency to Thailand’s corporate system and procedures that were impacted by the pandemic, as borders were closed and logistics disrupted, leading to the loss in competitiveness for local businesses.
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COVID-19 could bring about a ‘new deal’ for millions of Asia’s informal workers

In the Asia-Pacific region, informal workers account for nearly 60% of non-farm employment, higher than in other parts of the world.