Thailand's Political and Legal External Macroenvironmental Forces
To reach the highest level of success, a firm must be able to adapt to the external macroenvironmental forces and combine it with the internal forces most efficiently. Due to the fact that the organization is not able to control the external forces, it is very vital to be informed of all the necessary information available on the topic. One of the very important factors would have to be the Political and Legal Forces. Within the Political and Legal Forces of the macroenvironmental forces are four categories:1. Monetary and fiscal policies. (level of government spending, the money supply, and tax legislation) 2. Social legislation and regulations. (environmental laws) 3. Governmental relationships with industries. 4. Legislation related specifically to marketing. (laws regulating competition and to protect consumers) Thailand is a mixed economy where government has some but little invol
Annual Income (in baht) Tax Rate 100,001 - 500,000 10% 4,000,000 - over 37% The taxation of doing business in Thailand includes corporate income tax, value added tax (VAT), and personal income tax. For corporate income tax, incorporate firms operating in Thailand are taxed thirty percent from the net profit. Foundations and associations pay income tax at two to ten percent of gross business income, depending upon the nature of their business activity. All companies that registered under Thai law will have to follow the taxation described above. However, for foreign companies that have not registered will only have to pay income tax for the revenue deriving from the sources in Thailand. Normal business expenses can be deducted from gross income when filing tax return. Value added at every stage of the production process is taxed at th
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Approximate Word count = 612
Approximate Pages = 2 (250 words per page double spaced)
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