Home > News > Business Visas Now Undergo Scrutiny Regarding Tax Payments and Thai Staffing

Business Visas Now Undergo Scrutiny Regarding Tax Payments and Thai Staffing

Breaking News

New regulations for new and renewal of non-immigrant “B” Business visas issued in Thailand by the Immigration Bureau of the Royal Thai Police make it much more difficult for foreigners to do business legally in Thailand; especially if the books of the company and the income of the foreigner are not properly documented and all taxes are not paid up to date.

Effective immediately, all business visa applications must provide proof that four Thai staff work at the company full time and pay into both the social security fund and insurance fund and those staff members must be present when Immigration comes to inspect.

Also, the company limited must update its company documents at the Department of Business Development in Chonburi within one month of submitting the business visa application. Both an original and a copy of the certified update must be submitted to Immigration.

The foreigner applying for a renewal of the business visa, regardless of its issuance in Thailand or out of Thailand at at Royal Thai Consulate, must also show proof of paying personal income tax in Thailand to the Thai government. This does not absolve him or her from declaring the income in their home country.

Read more Pattaya Times

Share this article
The main purpose of Thailand News is to offer our readers all news from the most popular and trusted newspapers in Thailand & Asia in one place. Get breaking news and the latest news headlines from Bangkok, Phuket, Pattaya, Chiang Mai, Northern Thailand, Isan, the insurgency-plagued South and Asia.

Leave a Reply