= Doing Business reform making it easier to do business.
= Doing Business reform making it more difficult to do business.
DB2013:
Starting a Business:
Thailand made starting a business easier by allowing the registrar at the Department of Business Development to receive the company’s work regulations.
Paying Taxes:
Thailand made paying taxes less costly for companies by reducing the profit tax rate.
DB2012:
Starting a Business:
Thailand made starting a business easier by introducing a one-stop shop.
Registering Property:
Thailand made registering property more expensive by increasing the registration fee.
DB2011:
Registering Property:
Thailand made registering property more costly by repealing a 2-year temporary tax reduction for property transfers.
Paying Taxes:
Thailand temporarily lowered taxes on business by reducing its specific business tax for 12 months.
DB2010:
Starting a Business:
Thailand eased business start up process by merging the registration of memorandum and the application for registration of establishment of company.
DB2009:
Registering Property:
Thailand reduced two taxes, the transfer fee from 2% to 0.01%, and the Specific Business Tax (SBT) from 3.3% to 0.11%. The cost reductions are provisional and valid for one year from March 2008 to allow the Thai government to assess the results of the reform in April 2009. As a result, the cost to transfer a property in Thailand has decreased.
Protecting Investors:
Thailand strengthened investor protections by increasing director duties and remedies in case of related-party transactions.
Paying Taxes:
The government has facilitated e-payments and online filing. Expected tax changes in 2008 include the exemption of companies with taxable income not exceeding THB 1.2 million from corporate income tax and concessionary 25% rates for newly listed companies. The special business tax on property transactions is reduced from 3% to 0.1% and for property transfer and mortgage fees, reduced to 0.01%.
Trading Across Borders:
Upgrading the EDI system led to a decrease in time and documents for export and import.
DB2008:
Trading Across Borders:
Thailand made trading across borders speedier by implementing a e-Customs system, allowing customs declarations to be submitted electronically and data to be simultaneously verified by different agencies.