#Tax consultancy agency

[startuptax]

Startup Tax Suvidha is one of the best ROC filing consultants in Delhi

[startuptaxsuvidha]

Tax consultancy agency in delhi ncr | Startup tax suvidha

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[masarca]

Navigating the landscape of VAT refund services in the UAE can significantly impact your business’s financial health. Understanding and utilizing these services effectively can lead to substantial savings and improved compliance with tax regulations. VAT Refund Services are essential for optimizing tax processes and enhancing financial efficiency. We’ll delve into VAT services in the UAE, covering everything from registration to refunds and compliance, and how MASAR Chartered Accountants can assist in these areas.

Understanding VAT Services in UAE

Definition and Scope

Value Added Tax is a consumption tax imposed on the supply of goods and services. In UAE, VAT was introduced on January 1, 2018, at a standard rate of 5%. VAT services encompass various activities, including registration, compliance, return filing, and refund processing.

Benefits for Businesses

Engaging professional VAT services in the UAE ensures compliance with local tax laws, reduces the risk of penalties, and helps businesses optimize their tax liabilities. By leveraging these services, businesses can focus on their core operations while maintaining efficient tax management.

Role of a Tax Agency in UAE

Functions and Importance

A Tax Agency in UAE plays a crucial role in helping businesses navigate the complexities of VAT. These agencies provide comprehensive support, from registration and compliance to filing returns and processing refunds. They ensure that businesses adhere to regulatory requirements and optimize their tax positions.

[hari-100]

Navigating Business Success: Comprehensive Financial and Tax Services in Punjagutta

In Punjagutta, navigating the complexities of financial management and business compliance can be daunting. Whether you're a startup, a growing enterprise, or an established business, having reliable financial and business services is crucial for your success. Here's a comprehensive guide to the various services available in Punjagutta that can help streamline your operations and ensure compliance with legal and financial requirements.

Financial Accounting Services

Effective money management is essential for any successful organization. In Punjagutta, you can find expert financial accounting services in punjagutta that offer meticulous record keeping, budgeting, financial analysis, and reporting. These services ensure that your financial data is accurate and up to date, helping you make informed business decisions with confidence.

Financial Services Company

A reputable financial services company in Punjagutta provides a wide range of financial solutions tailored to meet your specific needs. Whether you require investment advice, wealth management, or retirement planning, these companies offer personalized services to help you achieve your financial goals.

Accounting Company in Punjagutta

An accounting company in Punjagutta offers professional accounting services including bookkeeping, payroll management, audit preparation, and financial statement preparation. They ensure compliance with accounting standards and help you maintain financial transparency.

Chartered Accountant Firm

A chartered accountant firm provides expert guidance on tax planning, financial audits, and regulatory compliance. chartered accountant firm in Punjagutta offer personalized financial strategies to optimize your tax liabilities and enhance financial efficiency.

Financial Accounting Firms

Financial accounting firms in Punjagutta specialize in comprehensive accounting solutions tailored to businesses of all sizes. They handle everything from day to day bookkeeping to complex financial analysis, ensuring your financial health remains robust.

Tax Services Agency

Navigating tax regulations can be challenging. A tax services agency in Punjagutta offers expert tax planning, preparation, and filing services for individuals and businesses. They help you minimize tax liabilities while ensuring compliance with tax laws.

Tax Services Company

A tax services company in Punjagutta provides a range of tax related services, including income tax filing, GST/VAT compliance, tax audits, and representation before tax authorities. They keep you informed about changes in tax laws that may impact your business.

Tax Service Providers

Tax service providers offer reliable and efficient tax solutions tailored to your business needs. From tax advisory to filing services, Tax service providers in Punjagutta ensure that your tax obligations are met accurately and on time.

Company Registration Services

Starting a business requires proper registration and compliance with legal formalities. Company registration services in Punjagutta assist you with company formation, registration, and obtaining necessary licenses and permits to operate legally.

Business Advisory Services

Business advisory services in Punjagutta offer strategic advice and guidance to businesses at every stage of their growth. They help you identify opportunities, mitigate risks, and implement effective business strategies for sustainable growth.

Business Registration Services

Business registration services in Punjagutta streamline the process of registering your business entity, whether it's a sole proprietorship, partnership, LLP, or private limited company. They ensure compliance with regulatory requirements and facilitate smooth business operations.

Business Consulting Services

Business consulting services in Punjagutta provide expert advice on various aspects of business management, including operations, finance, marketing, and technology. They offer tailored solutions to address your specific business challenges and drive performance improvement.

GST Registration Services

Businesses that generate more than a certain amount of revenue must register with the GST. GST registration services in Punjagutta assist you with GST registration, filing GST returns, compliance, and resolving GST related queries, ensuring adherence to GST laws.

Financial Advisors

Our company offer personalized financial planning and investment advice to individuals and businesses. Financial advisors in Punjagutta help you create wealth, manage risks, and achieve financial security through strategic financial management.

Financial Tax Advisor

A financial tax advisor in Punjagutta specializes in tax planning and optimization strategies. They help you navigate complex tax laws, minimize tax liabilities, and maximize tax efficiency to support your financial goals.

In Punjagutta, these professional services play a crucial role in the success and compliance of businesses. Whether you need accounting, tax, registration, or advisory services, leveraging these expert solutions can streamline your operations and foster growth. Choose reliable service providers who understand local regulations and can provide customized solutions. Businesses that exceed the turnover criteria must register for GST. to your business needs.

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Considering a Joint Venture in Singapore? Look no further! We, as Helen Campos, bring you a tailored Joint Venture Agreement Singapore that redefines collaboration dynamics in the Lion City. 

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[masaraudit]

3 Things Every Business in the UAE Must Do (UAE Corporate tax)

In the realm of global commerce, the United Arab Emirates (UAE) has emerged as a dynamic hub. Seamlessly blending tradition with innovation. As this nation continues to evolve as a business powerhouse, it introduces new dimensions to its regulatory landscape. For enterprises aiming to thrive within this vibrant environment. There are three pivotal obligations that demand careful attention. From the inception of corporate tax registration in June 2023 to the meticulous maintenance of accurate accounting records. And culminating in the imperative act of submitting UAE corporate tax documentation to the Federal Tax Authority (FTA). Each step plays a crucial role in both compliance and strategic advantage. In this guide, we delve into these indispensable tasks. Unveiling their significance in fostering a resilient and prosperous business journey in UAE.

All businesses in the UAE must do these 3 things:

In the vibrant tapestry of the United Arab Emirates (UAE) business landscape. Adherence to essential regulations forms the cornerstone of success. As this dynamic nation ushers in new developments. Businesses are presented with a trio of paramount responsibilities that pave the way for sustainable growth. Commencing from June 2023, the requirement to register for corporate tax marks a pivotal juncture. Followed closely by the meticulous task of maintaining precise Accounting Records. Lastly, to complete this triad of obligations. Businesses are tasked with the critical duty of filing a corporate tax submission with the Federal Tax Authority (FTA).

In UAE, all businesses must do these 3 things, these are:

Register for Corporate tax from June 2023 onwards.

Keep Proper Accounting Records.

File a corporate tax submission with the Federal Tax Authority (FTA).

For more details: https://masaraudit.ae/3-things-every-business-in-the-uae-must-do-uae-corporate-tax/

[spectrumaccounts]

At the end of each tax period, VAT registered businesses or the ‘taxable persons’ must submit a ‘VAT return’ to Federal Tax Authority (FTA). A VAT return summarizes the value of the supplies and purchases a taxable person has made during the tax period, and shows the taxable person’s VAT liability.

Liability of VAT: The liability of VAT is the difference between the output tax payable (VAT charged on supplies of goods and services) for a given tax period and the input tax (VAT incurred on purchases) recoverable for the same tax period.

Where the output tax exceeds the input tax amount, the difference must be paid to FTA. Where the input tax exceeds the output tax, a taxable person will have the excess input tax recovered; he will be entitled to set this off against subsequent payment due to FTA.

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[margaretthatchersdead]

Reasons to end the monarchy: Charles Edition

Well it's the coronation so you know what it's time for.

The entire concept of a monarchy is actively undemocratic. The head of state should not be someone who is only in that position because they were born into a certain family.

Having a monarchy upholds classism as a specific family of great wealth and power are viewed as superior to others.

They stand for a history of racism and imperialism. This country has done some truly terrible things in its history and the monarchy are a symbol of that. In order to attempt to begin to undo the harm that we have done, we need to remove this symbol of oppression.

The royal family have previously lobbied the government to hide their own personal wealth. Despite this, we are obviously aware that they have a large amount of wealth.

Prince Charles has himself lobbied the government on a number of occasions. His 'black spider memos' show that he has repeatedly pressured ministers on a wide range of topics from the Iraq war to badger culling to alternative therapies. He has used his power to lobby the government on subjects that would affect him.

The monarch does not occupy a ceremonial role as is frequently claimed. Ministers and civil servants have to consult the monarch. Civil servants have to get the consent of the royals on pieces of legislation, which can cause delays on implementation.

Even if the monarch did occupy a purely ceremonial role, as a literal billionaire he wields a ridiculously high amount of power over people.

Windsor Castle brings in less money than Windsor Legoland does. The many castles that are owned by the royal family could be used to create spaces for the public to enjoy or to be used as a shelter for the homeless. The Louvre in Paris used to be house of the French monarchy and gets over twenty times the tourists. Edinburgh castle hasn't had the monarchy live in it for centuries and yet still brings in tourism.

Prince Andrew is widely known to be connected to Jeffrey Epstein; yet he has not had to face any repercussions for his actions despite blatantly lying when being asked about his actions. The royal family have defended him and prevented him from facing the consequences of his actions.

They cost around £334 million per year. This money could be used to help the poor, given to the NHS, to repair and build infrastructure, to support small businesses that are struggling, pretty much anything.

The royal household publishes a much lower figure about the cost of the royal family, so they are actively trying to cover up their cost.

Charles has had access to confidential Cabinet papers, undermining our democracy.

He has publicly championed alternative medicine and has repeatedly promoted it. He sent at least seven letters to the Medicines and Healthcare products Regulatory Agency, that then shortly relaxed the rules governing the labeling of herbal products, ones he as part of Charles's Duchy Originals produces.

He lobbied the health secretary regarding greater provision of alternative treatments on the NHS.

In 2018, 46% of Britons wanted him to abdicate immediately after Elizabeth died. He’s barely wanted by the country even with the sheer amount of pro-monarchy propaganda going around. Charles specifically is very unpopular.

In order to speak to him, broadcasters had to sign a 15-page contract, which includes Clarence house attending the rough and fine cut edits of films and if unhappy can remove that contribution, as well as stipulating that all questions directed at him must be pre-approved and vetted by his representative.

His personal wealth is £1.8 billion. He inherited a large amount of this from Elizabeth, with it being exempt from inheritance tax. Having an immunity from this tax when others don’t is ridiculous.

The Duchy of Cornwall was named in the Paradise papers.

The coronation is going to cost £100 million during a cost of living crisis.

People have been banned from protesting Charles with official warning letters were sent to anti-monarchists.

Protestors who block roads, airports and railways could face an entire year behind bars. Locking yourself to others, objects or buildings could go to prison for six months and face an unlimited fine. Police are allowed to head off disruption by stopping and searching protestors that they suspect.

The public were encouraged to swear allegiance to the new King when he gets sworn in, this is a deeply disturbing suggestion.

He's a billionaire who's going to use the public's money to celebrate himself.

The monarch has sweeping immunity from many laws

He owns business parks and small rented cottages, six of the ten top residential homes, 285,000 acres of mineral rich land. He’s ridiculously rich in a country where so many people are facing extreme poverty.

[startuptax]

Get LLP Registration in India | Startup Tax Suvidha

Startup Tax Suvidha can help you in getting LLP registration in India. Due to its adaptability and simplicity of upkeep, limited liability partnerships (LLP) are a preferred alternative for small and medium-sized organisations. You may get help from Startup Tax Suvidha with all of these procedures, which will make the LLP registration process simple and hassle-free for you.

[startuptaxsuvidha]

Tax consultancy agency in delhi ncr | Startup tax suvidha

Tax consultancy agency in delhi ncr . We provide best taxation consultancy services in delhi ncr like ITR Filing, GST Registration, ROC filing, IT Filing, tax audit, EPF Registration and so on.

The best consultancy in delhi ncr to solve all your taxation needs.

Avail hassle free service with startup tax suvidha.

To know more, visit website.

[rinkinbb]

Tax consultancy agency in delhi ncr . We provide best taxation consultancy services in delhi ncr like ITR Filing, GST Registration, ROC filing, IT Filing, tax audit, EPF Registartion and so on. To know more, visit website. https://www.startuptaxsuvidha.com/

[sailorstar9]

My Stepsister Seduces My Husband, But What She Doesn’t Know Is That...

F/N and Zhongli had their wedding shortly after the Lantern Rite Festival.

Everyone thought F/N found a handsome man, not knowing the truth. They were all deceived by his chiselled face and body; F/N's step-sister was one of those deceived. Because no one, save for the Adepti in Liyue Harbor, knew that Zhongli was the Prime Adepti.

After the most recent 'Rite of Descension', he started to work at the Wangsheng Funeral Parlour as its consultant.

A few days after the Lantern Rite Festival, F/N brought Zhongli home to visit her parents. They brought along three large boxes of gifts along with Gaming and a fellow guard from the Transport Agency. It was Zhongli first meeting with his wife's family.

The presence of Zhongli and the two Transport Agency guards scared F/N's biological father and stepmother.

The dinner table was set after Zhongli paid Gaming and his partner for their services.

F/N's step-sister, dressed to the nines, kept helping Zhongli to food, trying to impress him. “My sister is merely a junior tax agent working at the Ministry of Civil Affairs. And yet she found such a wonderful man like brother-in-law. I envy her; unlike me who works hard training under Director Yun every day, afraid to eat more just to maintain my figure. I might be able to perform alongside the Director some day and may not even find a partner as good as brother-in-law.” she sighed, showing off by pinching her slim waist.

F/N's step-sister, Zhen Yu, was brought by F/N's stepmother; their two families were from divorced and remarried families.

A few years ago, F/N's mother died from a rock slide while working at The Chasm. Shortly after that, F/N's father quickly got together with Zhen Yu's mother after a meeting with the marriage broker.

Ever since Zhen Yu entered the household, the two step-sisters never got along. Zhen Yu especially loved competing with F/N. When Y/N pulled her hair into a bun with a hair stick, Zhen Yu would also bun up her hair the next day with an extra hair stick. When F/N was thirteen, a boy from the neighbourhood gave her a love letter. Zhen Yu then intentionally wore a floral dress in front of him and claiming F/N was dirty and didn't bathe. Seeing the boy flee from embarrassment, Zhen Yu smirked to herself. Later, when F/N approached Yun Jin for an apprenticeship, Zhen Yu followed suit and applied. She cried pitifully, saying she didn't dare to ask for much. And if her real father was around, he would definitely be willing to send her.

The Yun-Han Opera Troupe apprenticeship fees were very high and the family could only afford to send one person.

F/N's father, feared being accused of favouritism by his new wife, sent Zhen Yu to Yun Jin.

F/N gritted her teeth and started working, using the Mora she saved from her salary to pay for her way through law school.

Later, when F/N brought a classmate home to introduce him as her boyfriend, Zhen Yu also stole him from F/N.

At this moment, when Zhongli heard Zhen Yu's words, he put down his chopsticks with a bang. He frowned slightly but didn't say anything, just overturning his bowl on the table. “My apologies.” he started. “I don't like anyone, except my wife, serving me food. I'm disgusted by the saliva.”

Zhen Yu was stunned, her face flashed with embarrassment. She looked at Zhongli plaintively, “I'm not a stranger.” she whined.

Zhongli did not say a word and just pointed his knee with a finger. “Move your feet under the table away from my legs.”

F/N peered under the table cloth, noticing Zhen Yu's foot was reaching under her chair to try and touch Zhongli's leg.

Zhen Yu was instantly dumbfounded; after all, this trick of hers always worked. It's not something a normal person would point out directly. Seeing everyone in the family glance at her, she was so embarrassed that she quickly explained, “Brother-in-law, have you all misunderstood something? If you don't like me serving food, it's okay. I know my sister is usually petty, but I really don't mean anything by it.”

F/N's step-mother immediately spoke up, “Mr. Zhongli, this is Zhen Yu's goodwill. She usually looks down on everyone, never being so gentle and caring. It's just a kind gesture. Did F/N say anything to cause you to misunderstand?”

F/N father also chimed in, “Our table is small. Bumps are inevitable. Don't think so much about it. Zhen Yu is just caring for her brother-in-law.”

As F/N watched her father's and step-mother's behaviour, she couldn't help but sneer. Zhen Yu had done this kind of thing not just once or twice; they had always turned a blind eye and they weren't any different now.

As soon as they finished speaking, Zhongli unbuttoned the top button of his suit with a somewhat amused smile. F/N was about to get angry at her father's words, but he patted her shoulder. Then, he manifested a sharp Geo shard from his palm. Letting the shard twirl above his palm, he said, “F/N has told me everything about the family. Let me make it clear to you all. F/N is my wife. If you still want to bully her in the future, don't blame me for being ruthless.” snarling at the three of them after he dispelled the Geo shard, he added, “Respecting you as F/N's parents, I won't speak any dirty words. If you don't want trouble, don't let your attention wander to my wife.”

F/N's father opened his mouth, his face red with rage, wanting to say something, but he knew he was helpless against a Vision user. Infuriated and trembling, he yelled, “How dare you... how could you find such ruffians?”

F/N simply cleared her throat and grabbed Zhongli's arm. “Ruffians? Dad, don't talk nonsense. Don't you know Zhongli is a renowned consultant at Wangsheng Funeral Parlour?”

Zhen Yu and F/N's step-mother's faces turned so ugly it could have dripped ink. They probably couldn't continue eating that meal.

Zhongli didn't say much as the conversation had ended. “it's getting late.” he started. “You should rest early. I'll take F/N home.” with that, he wrapped his arm around F/N's waist and walked away.

Turning back to her childhood home as she and Zhongli walked to the walk path, F/N saw Zhen Yu glaring furiously. F/N, it's not over between us. She swore. I must have your man. There's no cat in the world that doesn't steal fish. Just you wait and see.

“Looks like my step-sister has set her sights on you.” F/N turned to Zhongli.

F/N was surprised when her father paid her a visit at her workplace, bringing ham to apologize.

“Your mother's favourite was ham, you know.” F/N's father spoke, picking a piece of Minty Meat Roll at Wanmin Restaurant at lunchtime.”

“Alright.” F/N sighed, knowing her father's underlying intentions. “Here's the address.” she wrote down her current lodging address on a piece of paper.

“Let Zhen Yu bring them over to you.” F/N's father suggested. “She also wants to apologize to you.”

Using family ties to deceive me. F/N wondered after her father left the restaurant after paying for his share of the meal. Was it just a ploy to get Zhen Yu my address? It seemed like my sister hadn't given up; still determined to win Zhongli over.

Sure enough, that weekend, Zhen Yu showed up at F/N's door, knocking. She was dressed in a figure-hugging qipao and high heels.

Seeing F/N answer the door, she hesitated for moment, collecting her flirtatious look. “Your place is hard to find. My feet ache from all that walking.” she whined.

“Then, why don't you hire a transport agency?” F/N was not amused.

“How could I?” Zhen Yu complained. “I've come to apologize in person. I wasn't being polite the other day.”

Then, she simply entered without taking off her shoes and gave a glance around. “Is Zhongli not at home?”

“He's out getting bamboo shoots.” F/N answered, just as Zhongli came in with several bamboo shoots in a basket.

As soon as he saw Zhen Yu, his eyebrows farrowed and he gave F/N a questioning look.

“I couldn't help it.” F/N shrugged. “She sticks like glue.”

Zhen Yu's eyes lit up when she saw Zhongli. She practically skipped over, but before she could take a few steps, she tripped and fell in front of the married couple. She rubbed her legs awkwardly, “I think I sprained my foot. Honey, could you help me up?”

“You're an adult and you can't even walk properly without tripping on flat ground.” F/N chided. “Maybe you should get checked up at the Bubu Pharmacy.”

Zhen Yu pouted when Zhongli just walked over her and into the kitchen.

“Why bother with her?” the Lord of Geo looked at his wife as they prepared ingredients for Oncidium Tofu.

“She's like a rush that you can't shake off.” F/N replied, slicing the tofu.

Zhen Yu, feeling awkward, noticed that neither of the couple were paying attention to her. After a while, she picked herself up before darting towards the kitchen. “Is Zhongli the one who cooks at home? It must be hard for you; working to support the family then coming home to cook for my sister. When I have a husband, I won't let him cook for me. Cooking is women's work. Men shouldn't be in the kitchen.”

Zhongli poured himself a cup of Chenyu Brew, blew across the tea cup and took a sip to calm himself down. Rolling up his sleeves, he downed the entire cup, revealing his entire sleeve tattoo. “What's on the menu tonight? Let's cook this.” he looked coldly at Zhen Yu.

“Cook...” Zhen Yu stuttered, her face turning pale at the golden diamond-shaped tattoos decorating Zhongli's arms. “In our house, both of us handle the inside. Do you have a problem with that?”

“I don't have a problem.” Zhen Yu stammered. “I just feel sorry for my sister. It's not easy for you.”

“You're not someone to me.” Zhongli replied dismissively. “Why should I pity you?”

F/N pulled the still shell-shocked Zhen Yu away, “It's better to just give up. Not all men fall for your tricks.”

“Wasn't my brother-in-law just joking?” Zhen Yu recomposed herself with a forced smile as she prepared to leave F/N's house. “He's really funny.”

“Don't worry, mom.” Zhen Yu assured her mother once she returned home. “There was a small mistake there. There's no man I can't handle. I'm set on winning Zhongli and making F/N miserable. You didn't visit their house. You don't know they live in a house bigger than ours and they have more antiques than us. It's just her husband seems a bit off but rich people all have their quirks. It's normal. F/N is not as attractive as me. Why should she have such a good husband? She must have tricked him. Wait and see. I used to steal all her boyfriends. Now I will steal her husband too. Men are all the same.”

“Now, what is this about the ex-fiance of yours?” Zhongli breathed, the couple were cuddling in bed after a night of lovemaking.

Acting upon Zhen Yu's instigation, F/N's former fiance had harassed the couple during lunchtime.

“He's just a cheating scumbag that's not worth mentioning.” F/N replied. “We cut off any contact a long time ago. Zhen Yu is bothering you, not me.”

“So, someone's still yearning for your husband and you're not jealous?” Zhongli quirked an amused smile.

“Of course, I get jealous.” F/N playfully poked Zhongli's bare chest. “But I know not everyone can seduce my man.”

Days later, F/N's relatives begun to gossip about Zhen Yu's dismissal from her apprenticeship. She had bullied her fellow junior troupe members and attempted to seduce the troupe elders' sons to get more prominent roles which backfired when Zhongli made a formal complaint of her misconduct directly to Yun Jin. She was permanently expelled from the opera troupe, ending her dreams of performing alongside the troupe director.

[waitmyturtles]

(Source)

The Lower House (House of Representatives) will be hearing Thailand’s marriage equality bill at 9:30 am Bangkok time (10:30 pm Eastern for those of us in the States). The bill, if passed, would still have to be approved in Thailand’s Senate.

(Source and source)

Below the fold is Bloomberg.com's report on the happenings (source):

Bill to Legalize Same-Sex Marriage in Thailand Heads to Parliament

Bill is supported by most major parties, needs king approval

Thailand would be first in region to codify marriage equality

By Patpicha Tanakasempipat, March 26, 2024 at 2:00 PM PDT

A bill to legalize same-sex marriage could face a vote in Thailand’s parliament as early as Wednesday. If it passes, the country will be the first in Southeast Asia to establish marriage rights for gay and lesbian couples.

The House of Representatives will take up the legislation, technically an amendment to the Civil and Commercial Code, for second and third readings when it meets at 9 a.m. Lawmakers may vote later in the day.

The bill would legalize marriage for same-sex partners aged 18 and above, along with rights to inheritance, tax allowances and child adoption, among others. Prime Minister Srettha Thavisin’s administration has made it a signature issue, and advocates say it would also burnish Thailand’s reputation as an LGBTQ-friendly tourist destination.

Taiwan and Nepal are the only places in Asia that currently recognize same-sex marriage, and recent efforts elsewhere in the region have had mixed results. Hong Kong has yet to comply with a 2023 court order to establish laws recognizing same-sex partnerships, and India’s Supreme Court refused to legalize same-sex marriage, saying it’s an issue for parliament to consider.

The Thai bill would change the composition of a marriage from “a man and a woman” to “two individuals,” and change the official legal status from “husband and wife” to “married couple.”

Thai laws have protected LGBTQ people from most kinds of discrimination since 2015, but attempts to formalize marriage rights have stalled. In 2021, the Constitutional Court upheld the law recognizing marriage as exclusively between a man and a woman. Last year, a bill to recognize same-sex civil partnerships failed to clear parliament ahead of elections.

Rights advocates have higher hopes for the bill pending now, noting that it has broad support from most of the major parties. If it passes, it will need to be approved by the Senate and endorsed by the King. Then it would be published in the Royal Gazette and take effect 120 days later.

Srettha’s government has also promised to work on a bill to recognize gender identity, and the health ministry has also proposed legalizing commercial surrogacy to allow LGBTQ couples to adopt children. Thailand is seeking to host the WorldPride events in Bangkok in 2028.

Legalizing same-sex marriage could have positive effects on tourism, which contributes about 12% to the nation’s $500 billion economy. In 2019, before the pandemic froze international tourism, LGBTQ travel and tourism to Thailand generated about $6.5 billion, or 1.2% of gross domestic product, according to industry consultant LGBT Capital.

Formal recognition could boost the reputation of a place already considered one of Asia’s best for LGBTQ visitors, said Wittaya Luangsasipong, managing director of Siam Pride, an LGBTQ-friendly travel agency in Bangkok.

“It will become a selling point for Thailand and raise our strength in the global stage,” Wittaya said. “It will create a relaxed and safe atmosphere for tourism and help attract more and more LGBTQ visitors. We could also see more weddings by LGBTQ couples, which could generate income across industries and local communities.”

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