Transfer Pricing Law Due Soon: Companies will be required to prepare TP documentation
By Stuart Simons and Kancharat Thaidamri , tax partners at Deloitte Thailand The Thai Government took another step forward in introducing transfer pricing law earlier this month with the Cabinet approval of a revised draft of the transfer pricing law. This revised draft follows the public hearing process conducted by the Thai Revenue Department (“TRD”) in July 2017 […]
Employee health care costs, the fastest increasing cost to business?
By Andrew Crawford, Employee Benefits Director and Grant Cameron, Chief Executive at Trafalgar International Ltd Insurance Brokers and Consultants Spiraling health insurance costs show no sign of slowing down. From 2012 nearly all of the leading international health insurers including Aetna, AXA PPP, and BUPA, have increased premium rates by between 5% and 10% each year. In fact, there […]
Thailand’s Customs & Tax Landscape – Look Back at 2017 and Ahead into 2018
By Grant Thornton 2017 was an eventful year for Thai tax collection agencies. The customs law was consolidated with introduction of a new Customs Act. Prior to 13 November 2017 – the date that the new Customs Act became legally effective – the country had 23 sets of customs legislations were enacted from 1921 to 2014. […]
Labour Law Update 2018
By Oramart Aurore Saardphak, Associate at LawPlus Ltd. The 3 major changes to the labour protection and employment law of Thailand in 2017 and early 2018 are discussed below. Employers are invited to take note of their positive and negative implications. The Sixth Amendment to the Labour Protection Act B.E. 2541 (A.D. 1998) (“LPA”) The latest […]
Thailand joins the Inclusive Framework on BEPS
By Utumporn Tongpian, Senior Manager at BDO Thailand In 2017, Thailand became the 98th jurisdiction to join the OECD’s Inclusive Framework on base erosion and profit shifting (BEPS). The Inclusive Framework, which now has more than 100 members, will monitor and peer review the implementation of the minimum standards of the BEPS package as well as complete the […]
BOI confident “SMART Visa” to support targeted industries and attract more experts, executives, and investors
Source: Thailand Board of Investment Thailand has been making a series of efforts in driving the economy through innovation. The Thai Government has taken another step to attract talents and technologies with a view to further developing its targeted industries or the so called S-Curve industries. The SMART Visa program has then been designed to […]
