1、 COST OF DOING BUSINESS IN THAILAND 2023 Cost of Doing Business in Thailand 2023 Presented to Thailand Board of Investment March 2023 1 TABLE OF CONTENTS TYPICAL COSTS OF STARTING AND OPERATING A BUSINESS 3 TAX RATES AND DOUBLE TAXATION AGREEMENTS 5 Tax Rates 5 Excise Tax 6 LABOR COST 9 Office Posit
2、ion 9 Engineering&Technical Positions 10 IT Positions 10 Industrial Positions 11 Translation Cost 12 Overtime Regulations 12 Severance Payment Entitlements 12 Minimum Wage 12 OFFICE OCCUPANCY COSTS IN ASIA PACIFIC 14 RENTAL INDUSTRIAL AND LOGISTICS PROPERTY 15 UTILITY COSTS 15 Water Rates 15 Electri
3、city Tariffs 15 TRANSPORTATION COSTS INCLUDING FUEL COSTS AND FREIGHT RATES 21 Retail Oil Prices 21 Retail RPG Prices 21 Shipping Cargo Rates from Bangkok Note:All US$conversions that have been calculated based on Weekly Freight Rate Report March 2023,TNSC 21 Cost of Express Postal Service from Bang
4、kok 22 Air Cargo Rates from Bangkok 23 Rail Transportation Costs 24 COMMUNICATION COSTS 25 International Telephone Rates(TRUE,Dtac,CAT,AIS)25 Fixed Line Service 34 Y-Tel1234 Rates 34 TOT Satellite Package 34 Monthly Internet Rates(Unlimited Access Hours)34 Internet-IPStar 35 Cloud Server Cost(Monthl
5、y)35 Conference Call Cost(Monthly)36 INDUSTRIAL ESTATES AND FACILITIES 38 HYGIENE AND SANITATION COST 64 Yearly Health-Check 64 Covid-19 Testing Services 64 Covid-19 Vaccination 64 Cleaning and Disinfection Service 65 Expat Health Insurance 66 MISC.COSTS AND INFORMATION 67 Condo For Rent in Bangkok
6、67 Townhouses and Houses for Rent in Bangkok 67 Coworking Space in Bangkok(Monthly)67 International School Fee Structures(Academic Year 2022/23)68 Thai Graduates by Major 72 Foreign Students in Thai Higher Education Institutions 72 2 Price of STEM Course in Thailand 72 Vehicles:Domestic Sales(Units)