Taxing Times Ahead – The Removal of the CGT Main Residence Exemption for Australian Expats

By Florian Maier, Managing Director and Phi Ploenbannakit, Director ,Antares Advisory, part of Antares Group As employers are aware, under the Labor Protection Act (“LPA”), the annual working conditions report (Form KorRor. 11) must be submitted to the local labor office that has jurisdiction over the workplace. This mandatory reporting obligation is required if the number […]

Thank you for your donations to the Australian Bushfire Appeal

AustCham Thailand is proud to announce that the Chamber, together with our members and other parts of the Australian-Thai broader community, have conducted a number of events to raise funds for the Australian Bush Fire Appeal. These events together with direct donations received to the Chamber amounted  to 1,279,051 THB; these funds will be donated to […]

Thailand Introduces New Investment and Tax Scheme on International Business Center

By Baker McKenzie and Pornapa Luengwattanakit, Partner, Head of the International Commercial and Trade practice in Bangkok Baker & McKenzie Limited Part I: IBC as promoted by the Board of Investment The Thailand Board of Investment (“BOI“) has repealed its investment promotion policy to promote International Headquarters (“IHQ“) and International Trading Center (“ITC“) businesses on 11 […]

CRS is happening now and creeping around the world

By Paul Gambles, Managing Partner MBMG Group The Common Reporting Standard is part of a collection of international agreements, each carrying its own sinister acronym. These agreements are designed to allow countries to swap information on people’s financial details, including the status of their bank accounts, life insurance policies, investment vehicles and holding companies engaged […]

Merger Control Regime in Thailand – a new M&A barrier?

By Pornapa Luengwattanakit, Partner, Ampika Kumar, Partner and Narumol Chinawong, Associate Baker & McKenzie Limited For decades, Thailand has been known as not having a merger control regime in place, and thus any mergers and acquisitions (“M&A“) in the past were not subject to approval requirements (except for certain industries which are regulated by specific legislation). […]

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 […]