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Thailand
Physical Facts |
|
| Population: | 65,493,296 |
| Location: | South eastern Asia, bordering the Andaman Sea and the Gulf of Thailand, southeast of Burma |
| Area: | 514,000 sq km |
| Climate: | Tropical; rainy, warm, cloudy southwest monsoon (mid-May to September); dry, cool northeast monsoon (November to mid-March); southern isthmus always hot and humid |
| Transport | Road, Rail, Sea, Waterways |
| International Direct Dialling prefix: | 66 |
| Internet Country Code | .th |
| Time difference on GMT: | + 7 |
Administrative Facts: |
|
| Status: | Constitutional Monarchy |
| Government: | Bicameral system. National Assembly or Rathasapha comprises150 seats; 76 members elected by popular vote representing the 76 provinces, 74 appointed by judges and independent government bodies; all serve six-year terms). The House of Representatives or Sapha Phuthaen Ratsadon (480 seats; 400 members elected from 157 multi-seat constituencies and 80 elected on proportional party-list basis of 10 per eight zones or groupings of provinces; all serve four-year terms) |
| Legal System: | Based on civil law system, with influences of common law. |
| International Court Jurisdiction: | Has not accepted compulsory ICJ jurisdiction. |
| Language: | Thai, Chinese Official, English widely spoken |
| Education system: | Complex system of education. English is a compulsory subject. Free basic education of twelve years is guaranteed by the constitution, and a minimum of nine years' school attendance is mandatory. Independent schools contribute significantly to the general education infrastructure. There are approximately 90 international schools, of which 65 are located in the Bangkok area. |
| UK Embassy: | Royal Thai Embassy, 29 - 30 Queen's Gate London SW7 5JB Telephone : 020-7589-2944 Fax : 020-7823-7492 |
| Residency/Working Requirements: | All foreign nationals wishing to work in Thailand must obtain a work permit. For further information please contact the Department of Employmentof the Ministry of Labour and Social Welfare. |
Fiscal Facts |
|
| Legal tender & currency: | Baht |
| VAT: | 7% |
| Sales Tax: | |
| Import duty: | |
| Export duty: | |
| Banking: | |
| Annual Government Revenue: | $45.3 billion |
| Annual Government Expenditure: | $55.76 billion (2008 est.) |
| GDP: | 245818 US$ million (world bank 2007) |
| Minimum wage: | 143 – 191 Baht daily depending on province |
| Financial Services Regulation: | Securities and Exchange Commission |
| Financial Services Regulation Contact Details: | Diethelm Towers B, 10th, 13th - 16th Floors 93/1 Wireless Road Center, Lumpini, Patumwan Bangkok 10330 THAILAND Tel: (66 2) 263 6499 Fax: (66 2) 256 7711 Email: sgoffice@sec.or.th |
Tax Facts |
|
| General: | Double taxation agreements with 37 countries in respect of personal income tax. Norway, Denmark, Germany, France, Singapore, Netherlands, Korea, Italy, Belgium, Pakistan, the United Kingdom, Indonesia, Malaysia, the Philippines, Poland, Canada, Finland, India, Austria, China, Sweden, Hungary, Australia, Sri Lanka, Japan, Vietnam, the Czech Republic, Switzerland, Israel, South Africa, Romania, Laos, United States, Bangladesh, Nepal, Spain and New Zealand. |
| Corporate Tax: | 30% |
| Individual – resident: | 5-37% depending on income bracket. Not over 100,000 5% 100,001 - 500,000 10% 500,001 - 1,000,000 20% 1,000,001 - 4,000,000 30% Over 4,000,000 37% |
| Individual – non-resident: | Must not be resident in Thailand for more than 180 days. Taxed only on income derived in Thailand |
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