Large language models (LLMs) show promise in legal question answering (QA), yet Thai legal QA systems face challenges due to limited data and complex legal structures. We introduce NitiBench, a novel benchmark featuring two datasets: (1) NitiBench-CCL, covering Thai financial laws, and (2) NitiBench-Tax, containing Thailand’s official tax rulings. Our benchmark also consists of specialized evaluation metrics suited for Thai legal QA. We evaluate retrieval-augmented generation (RAG) and long-context LLM (LCLM) approaches across three key dimensions: (1) the benefits of domain-specific techniques like hierarchy-aware chunking and cross-referencing, (2) comparative performance of RAG components, e.g., retrievers and LLMs, and (3) the potential of long-context LLMs to replace traditional RAG systems. Our results reveal that domain-specific components slightly improve over naive methods. At the same time, existing retrieval models still struggle with complex legal queries, and long-context LLMs have limitations in consistent legal reasoning. Our study highlights current limitations in Thai legal NLP and lays a foundation for future research in this emerging domain.