ID :
18853
Wed, 09/10/2008 - 21:24
Auther :
Shortlink :
http://m.oananews.org//node/18853
The shortlink copeid
Thailand notches up to 13th in 'Doing Business' rankings
BANGKOK, Sept 10 (TNA) - Doing business in Thailand has become
significantly easier than in most countries in the world, according to new information form the world's two top international financial institutions.
Thailand has risen to the 13th position from 19th in the "2009 Doing
Business" rankings published by the US-based World Bank and International
Finance Corp.
In a report published by the World Bank and International Finance Corp
based on information obtained from July 2007 through June this year,
Thailand was ranked number 13 out of 181 countries worldwide and the
fourth among Asian countries.
Singapore still retains the top rank for the third consecutive year,
followed by New Zealand, US, Hong Kong, China and Denmark.
Thailand led other reformers in the region with improvements in four areas
- Registering Property, Protecting Investors, Paying Taxes, and Trading
across Borders, said the report.
The report pointed out that Thailand had been notched up by six levels in
its rank because its government made paying taxes easier by reducing some
fees and facilitating online filing and payments. In addition, it now
exempts companies with taxable income not exceeding 1.2 million baht from
corporate income tax and applies concessionary 25 percent rates for newly
listed companies.
In addition, the report said, Thailand had succeeded in amending the
Securities and Exchange Act to strengthen minority shareholder rights.
Provisional reductions of the property transfer fee and specific business
tax have lowered the cost to transfer property from 6.3 percent of the
property value to 1.13 percent. A new internet-based customs clearance
system reduced the number of documents that must be submitted in hard copy
from 9 to 3 for imports and from seven to four for exports.
Launched in 2003, Doing Business examines 10 indicators of a country's
business climate, the ease or difficulty faced by that country's private
sector.
Doing Business 2009 ranks 181 economies on the overall ease of doing
business. The top 25 are, in order, Singapore, New Zealand, the United
States, Hong Kong (China), Denmark, the United Kingdom, Ireland, Canada,
Australia, Norway, Iceland, Japan, Thailand, Finland, Georgia, Saudi
Arabia, Sweden, Bahrain, Belgium, Malaysia, Switzerland, Estonia, Korea,
Mauritius, and Germany. (TNA)
significantly easier than in most countries in the world, according to new information form the world's two top international financial institutions.
Thailand has risen to the 13th position from 19th in the "2009 Doing
Business" rankings published by the US-based World Bank and International
Finance Corp.
In a report published by the World Bank and International Finance Corp
based on information obtained from July 2007 through June this year,
Thailand was ranked number 13 out of 181 countries worldwide and the
fourth among Asian countries.
Singapore still retains the top rank for the third consecutive year,
followed by New Zealand, US, Hong Kong, China and Denmark.
Thailand led other reformers in the region with improvements in four areas
- Registering Property, Protecting Investors, Paying Taxes, and Trading
across Borders, said the report.
The report pointed out that Thailand had been notched up by six levels in
its rank because its government made paying taxes easier by reducing some
fees and facilitating online filing and payments. In addition, it now
exempts companies with taxable income not exceeding 1.2 million baht from
corporate income tax and applies concessionary 25 percent rates for newly
listed companies.
In addition, the report said, Thailand had succeeded in amending the
Securities and Exchange Act to strengthen minority shareholder rights.
Provisional reductions of the property transfer fee and specific business
tax have lowered the cost to transfer property from 6.3 percent of the
property value to 1.13 percent. A new internet-based customs clearance
system reduced the number of documents that must be submitted in hard copy
from 9 to 3 for imports and from seven to four for exports.
Launched in 2003, Doing Business examines 10 indicators of a country's
business climate, the ease or difficulty faced by that country's private
sector.
Doing Business 2009 ranks 181 economies on the overall ease of doing
business. The top 25 are, in order, Singapore, New Zealand, the United
States, Hong Kong (China), Denmark, the United Kingdom, Ireland, Canada,
Australia, Norway, Iceland, Japan, Thailand, Finland, Georgia, Saudi
Arabia, Sweden, Bahrain, Belgium, Malaysia, Switzerland, Estonia, Korea,
Mauritius, and Germany. (TNA)
