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BANGKOK GLOBAL LAW

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Category: Legal Insight – February 2022

June 16, 2024Legal Insight - February 2022

Thailand has legalized medical use of Cannabis, but prohibited its use for recreation purpose

On 24 January 2022, Thai Food and Drug Administration or Thai FDA announced that Cannabis and Hemp are medicinal plant that has […]

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June 16, 2024Legal Insight - February 2022

Thai Government approved 0% Capital Gain Tax for an Investment in Thai Startups

Capital Gain Tax can be defined as a tax on profits from sale of an investment that derives when an asset is […]

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June 16, 2024Legal Insight - February 2022

Security standard requirements regarding cyber security are expected to be enacted by the end of 2022

As Personal Data Protection Act B.E. 2562 will be officially enforced in June 2022, data or personal information of both private and […]

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June 16, 2024Legal Insight - February 2022

Postponement of Digital Asset Taxation in Thailand

On 20 January 2022, the Office of the Securities and Exchange Commission (“SEC”) held the online meeting to talk with the Revenue […]

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June 16, 2024Legal Insight - February 2022

Personal Data Protection Committee was officially appointed

After a few years since the Personal Data Protection was published in the Royal Gazette of which its full enforcement has been […]

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June 16, 2024Legal Insight - February 2022

Long-stay visa has been approved by the cabinet

On 18 January 2022, the Cabinet passed its resolution on measures aimed at attracting wealthy long-stay foreigners to Thailand. The purpose is […]

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June 16, 2024Legal Insight - February 2022

Foreigners still confront with many restrictions on retirement in Thailand

As Thailand has been ranked 11th out of 25th regarding best countries to retire in the world of 2020, it is necessary […]

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June 16, 2024Legal Insight - February 2022

Digital assets for payment in Thailand are under discussion

The Bank of Thailand (“BOT”), the Securities and Exchange Commission (“SEC”), and the Ministry of Finance had jointly discussed and came to […]

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June 16, 2024Legal Insight - February 2022

Clear criteria for collecting crypto tax is expected to be issued

On 10 January 2022, the Revenue Department (“RD”) issued a statement via the RD website that the RD was urged to prepare […]

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