Why do we need to do a financial statement (they call the balance sheet ) for our company? If we don’t, what will happen?
All companies in Thailand have to prepare and keep accounts, even if the company has just been used to buy property it must still submit a balance sheet at the end of the year. The accounts have to be drafted according to the Thai Accounting Standards formulated by the Institute of Certified Accountants and Auditors […]
I have a samll guesthouse (12 rooms), Do I need to have a hotel licence?
What is Vat in Thailand, how does it work? When do we have to have this?
VAT is value added tax, a Thai company needs to register for VAT within 30 days of their turnover reaching 1,800,000 THB. VAT is a tax on the sale of goods or the provision of services and the current rate is 7%. If you provide services to […]
Thai with holding tax
Important information about Thai withholding tax
Why can’t we give Thai people handkerchief as a present?
There are a number of gifts that it is considered bad luck to give in Thailand, particularly if the person is your loved one or a close friend. This article will explain mainly about why you shouldn’t give Thai people a handkerchief as a gift but we will also touch on other taboo gifts. A […]
Why do Thai people put a small ghost house/shrines in their house/garden?
A spirit house is a dedicated structure not unlike a birdhouse which can be found in western countries which is placed in the gardens of Thai houses to honour the guardians of the land. ‘Spirit houses’ can be found in many houses in Thailand and also in Cambodia, Laos and Myanmar. They are designed to […]
BOI Application
Foreigners wishing to establish a business operation in Thailand should take full advantage of the government’s Board of Investment (BOI) services. Availing of their services is a highly effective way to understand exactly what is permissible, how an application can be made, and how to take advantage of the many incentives offered by the board. […]
Working With Thai People
Wherever you work in the world there will be differences in working practices and attitudes. Thailand is no different. Below we will look at ways that will enhance your working experience while in the Kingdom as well as advising on things that must be avoided if you are to get the most out of such […]
Funny Beliefs And Myths
Funny Beliefs And Myths ALTERNATIVE TITLES: Don’t Dismiss Siam’s Superstitions and MythsThailand’s Traditional Myths and Funny Beliefs Thailand is a land that holds myths galore and beliefs that may amuse foreigners, but during a visit don’t dismiss them, otherwise you never know what might happen! Let’s break these down into some interesting sections. The first […]
Do’s and Don’ts
Thailand is a wonderful country to spend time in, but to get the most out of your experience in the Kingdom it is vital that you understand the Do’s and Don’ts during your stay. Because this is a positive article with the intention of helping you get the best out of a visit to Thailand […]