Legal Section - Doing Business

You will find here a series of summaries providing an overview of useful legal regulations, processes and legal issues for Doing Business in Thailand.

Provisions of the Personal Data Protection Act deferred

A Royal Decree was recently issued stating that data controllers in certain entities and businesses are not yet subject to the Personal Data Protection Act, 2562 B.E. (2019) (“the PDPA”). Therefore, the enforcement of certain provisions of the PDPA is deferred to 31 May 2021.

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BOI measures to enhance investments in large-scale projects

The BOI recently announced special short-term measures to enhance investments in large-scale projects to boost the Thai economy. The main measure is the ability to claim an additional 50% reduction in corporate income tax for 5 years, with the key conditions being as follows.

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VAT registration through the Department of Business Development

By virtue of the Notification of the Director-General of the Revenue Department related to Value-added Tax (VAT) (No. 234) issued on 17 April 2020, an entrepreneur is able to register for VAT with the Department of Business Development (DBD) by submitting a VAT application together with an application for establishing a new ordinary partnership, limited partnership, or limited company, effective 20 April 2020.

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DBD announcement on obtaining company affidavits and other certified documents

Based on the announcement of the Department of Business Development (“DBD”) regarding requests for company affidavits and certified documents of legal entities effective 20 April 2020, a request for documents such as company affidavits and shareholders’ lists can be made through the DBD’s website (www.dbd.go.th) only using the DBD’s e-service.

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New criteria on arranging meetings via electrical devices

On 19 April 2020, the Emergency Decree Regarding E-meetings, 2563 B.E. (2020), was issued and published in the Royal Gazette. This decree revokes the National Council for Peace and Order Announcement No. 74/2557 Regulating E-meetings dated 27 June 2014.

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