Tokenization of the Thai Government bond
On 13th May 2025, the Thai Cabinet approves the resolution on the regulation that allows the tokenization of the government bond named as ‘the Government Token: G-Token’, which would be considered the first country in the world. The government bond shall be issued under the Digital Assets Decree B.E. 2561 and directly distributed through the digital assets business…
Benefits of the foreign holding company
Setting up a holding company in foreign countries would sound difficult to you. However, we would share that it is easier and more convenient than you think, which would take only a few weeks with a compact budget based on your needs. There are many benefits to setting up a foreign holding company, including maximizing your tax…
Long-term Lease in the form of a Digital Token
Worawit ThawinthikakulCounsel – Bangkok Office STRUCTURE It would be standard practice to set up special-purpose vehicles in accordance with the local applicable laws in terms of a limited company (the “SPV”). The property development company (the “Dev Co.”), which is normally listed on the stock exchange, will incorporate the limited company as SPV to own,…
Filling lawsuit due to the defect of condominium construction
Pisitpon SriployPimpisa Saneevong Na Ayuthya Should the consumer purchase the condominium from the property developer (the “Developer”) and later move in, and becomes apparent that the defects have arisen, including walls, floor, ceiling, or other areas that may lead to water leakage. The consumers can request the Developer repair the defects within the warranty period…
VAT EXEMPTION ON DIGITAL ASSETS
The transfer of cryptocurrencies and/or digital tokens (hereinafter collectively referred to as the “Digital Assets”) in Thailand would be considered a provision of electronic service under the Thailand Revenue Code (the “TRC”), and the income from such transfer shall be subjected to VATat the rate of 7%. However, the Thai Revenue Department (“TRD”) issued a…
How to expand the business to Laos in 2022
We would like to invite you to join our face-to-face session, “How to expand the business to Laos”On Wednesday 31st August 2022. We will walk you through the business opportunities in Laos PDR commencement from market trends, investment benefits, laws and regulations, and taxation from a legal perspective. We would be happy to accommodate your inquiries after the sessions. The session…
Tax implications of Digital Assets OTC
Many transactions of digital assets have been made through over counter–OTC transactions via individuals in Thailand. The OTC transaction performed by an individual shall be subjected to Thai withholding tax (“WHT“) at the rate of 15% on a capital gain basis provided that such WHT amount shall be handed over to the Revenue Department (“TRD“) monthly via PND 2 form. For example, Mr. A…
Tax planning of digital assets in Thailand
Due to the recent breakthrough of a digital assets price, the tax implications arising from digital assets trading have become a critical consideration among the traders in Thailand. According to the current applicable regulations, the individual trader shall be subjected to both withholding tax – WHT of 15% from profit calculated on the capital gain…
Applying for a resident’s visa in Thailand
Applying for permanent residence in Thailand is an application for permission to stay in Thailand permanently. Most of them are understood as Permanent Visa or Permanent Residency, which allows them to stay in Thailand without a visa extension every year. However, there must be a re-entry permit for traveling. This permit is required by foreigners…