Thailand’s Chairmanship of ASEAN in 2019
By Don Pramudwinai, Deputy Chairman of the National Committee on the Preparations for Thailand’s ASEAN Chairmanship in 2019 Minister of Foreign Affairs of Thailand As Thailand assumes the Chair of ASEAN for the year 2019, we cannot help but look back with pride at the accomplishments of this remarkable and resilient regional grouping ever since its founding in […]
Extra severance pay and more benefits for employees in Thailand in early 2019
By Florian Maier, Managing Director and Phi Ploenbannakit, Director – Antares Advisory, part of Antares Group On 13 December 2018, the draft amendment to the Labor Protection Act (LPA) was approved by the National Legislative Assembly and is expected to come into force soon. The legislation was changed to become more favorable for employees throughout […]
The Thai Personal Data Protection Bill and its Impacts on Thai Businesses
By Dhiraphol Suwanprateep, Partner and Kritiyanee Buranatrevedhya, Associate Baker McKenzie Protecting individuals’ personal data is crucial to the long term reputation, viability, and growth of data-driven businesses in Thailand. However, given how quickly the global business ecosystem has changed in recent years, lawmakers have struggled to keep pace with ever-evolving technologies and to implement laws that […]
Thailand: Transfer Pricing Regulatory Regime And Documentation Requirements
By Andrew Jackomos, Senior Partner and Bhrigu Dhingra, Transfer Pricing Manager BDO Advisory Limited On 21 November 2018, Revenue Code Amendment Act (No. 47) B.E. 2561 (2018) was gazetted, introducing legislative provisions to codify transfer pricing regulatory regime. Broadly and among other matters, the Amendment: 1. Codifies transfer pricing rules and relief; 2. Introduces mandatory transfer pricing documentation […]
Free Investing For Those Moving or Returning To Australia
By Darren Beech, Wealth Planner Expat Financial Planning (Globaleye) Like many Australian expatriates, you may choose to return to Australia to live for a period or even permanently. It is important that your financial plans are flexible enough to meet changes in your lifestyle, such as becoming tax resident in Australia. There are many things to […]
US – China Trade War: What’s at stake for Thailand
By Tanva Mahitivanichcha, Partner Grant Thornton In July 2018, the trade war between the United States and China went live. The war of words which saw threats, posturing, and “nudges”[1] to impose tariffs on goods traded between the United States and China became a reality. The US unilaterally imposed 25% tariffs on US$34 billion worth of […]
Thailand’s New Transfer Pricing Law: Implications for Businesses in Thailand
By Melea Cruz, Partner and Ishan Shah, Manager Grant Thornton In an ever-increasing integrated global economy, businesses have been establishing their footprints in various locations across the continents. These so-called “multi-national corporations” or “MNCs” have sophisticated supply chains and business platforms comprising of dozens, if not, hundreds of entities, all of which are directly or […]
Thailand: Personal Data Protection Act
By Rajen Ramiah, Consultant SIAM CITY LAW OFFICES LIMITED With the wide use of the internet and social media, the issue of data protection and cyber security is becoming more important in our daily lives. In past times, there was more control over things written or printed on paper; however, now everything is uploaded onto […]
Investment Incentives In Thailand
By Naddaporn Suwanvajukkasikij, Partner and Oramart Aurore Saardphak, Associate LawPlus Ltd 1. Industries Eligible to Investment Incentives Thailand promotes investments by granting tax and non-tax incentives to investors in a variety of categories and locations of businesses under the Investment Promotion Act B.E. 2520 as amended (IPA) and the Eastern Economic Corridor Act B.E. 2561 […]
Is Thailand’s manufacturing sector vulnerable to a potential slowdown in China?
By Joseph Oliver Willan, Business Development Specialist Baker McKenzie Thailand Thailand has, for the most of its history been a Sinophilic country and enjoyed friendly and productive relations on many levels with China as a major trading partner in the region. However, most recently, Thailand has found itself caught in an escalating power struggle between […]
