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The Ministry of Finance is preparing a law on taxes on windfall profits, instructing the Office of Fiscal Policy to study and review this issue. In July 2018, the Council of Ministers approved and discussed the possibility of introducing a higher tax rate on profits received as a result of sudden unexpected profits for a particular company or...
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For a comfortable life in Thailand, you’ll need a local bank account. You don't need a Thai bank account to buy real estate in Thailand, but you’ll need it to receive income when renting out real estate. Content: Documents required for opening a bank account Opening an account with a tourist visa Banks in Thailand Account opening...
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The Real Estate Information Center of Thailand reported that sales of super-luxury condominium projects in 2021 accounted for 27% of the total sales of residential projects, while 84% of super-luxury condominium projects were under the Residence brand, which also manages five-star hotel chains. Sales of Branded Residence projects increased by more...
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At the point of entry to Thailand, travelers will only need to present a vaccination certificate, a negative PCR test result or an ATK express test result within 72 hours before the trip. On June 17, 2022, the Thai COVID-19 Situation Management Center (CSA) approved the cancellation of the They Pass registration scheme and the US10,000 health...
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The almost 14% increase in demand for housing in Chonburi in the period from the fourth quarter of 2021 to the first quarter of this year was due almost exclusively to interest in houses worth no more than 3 million baht. Demand here soared by 57.2% compared to the previous quarter. This was the first time since the beginning of COVID-19 when the...
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The Mortgage Association said that after the outbreak of COVID-19, the total amount of property that was foreclosed on (non-performing asset NPA) increased. The latest data for April 30, 2022: an increase of 46% compared to the same period in 2019, which was the period before COVID-19. Confiscated houses are cheaper than a new house by at least...
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Thailand is one of the most popular vacation destinations for Europeans. Once having been there, people come back again and again. Moreover, many decide to move to this tropical country. Why does Thailand attract foreigners so much? We have compiled a list of the top 10 reasons to move to Thailand for permanent residence! Climate. Thailand...
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The Tobacco Administration of Thailand, hoping to generate more income, launched an auction for the lease of land for 30 years. Pilot 3 sites in the business district along the Chao Phraya River, in the center of Bangkok and in the Special Economic Zone in Chiang Rai Province. An auction for the following 3 plots will be held soon: Plot 1,...
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The country's economy during the first 5 months (January-May 2022) of this year continued to stagnate under the influence of the situation with COVID-19, and in particular due to the rise in energy prices. However, despite all the negative economic factors, real estate investments have low risks in terms of inflation, so real estate investments...
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The State Savings Bank, Bangchak Corporation Public Company Limited and Dhipaya Group Holdings Public Company Limited signed a memorandum on lending land and resale business, created a new organization for the control of lending. The goal is to help entrepreneurs of small and medium-sized businesses and the general public to get access to a source...
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