Creating a Response Plan for a Data Breach: What You Need to Know
By Dr. Paul Crosio In today’s digital age, data breaches pose a significant risk to businesses, regardless of size or industry. In response to these growing threats, Thailand introduced the Personal Data Protection Act (PDPA), which came into full effect on 1 June 2022. Understanding how to manage privacy risks and develop a comprehensive response […]
Bank Guarantee Disputes in Thai Construction and Procurement Agreements
A bank guarantee or bond is a powerful tool that provides contractual parties with security and assurance. Bank guarantees are commitments made by a bank (as a guarantor) on behalf of a customer (as an obligor) to a beneficiary to ensure that certain contractual obligations will be fulfilled. If the customer fails to comply with […]
Thailand’s Criminal Court Establishes Cybercrime Division
On March 18, 2024, the president of the Supreme Court of Thailand announced the establishment of a specialized Technology Crime Division within the Criminal Court of Thailand. This represents a significant commitment to cybercrime within the Thai judiciary and a step forward in Thailand’s ability to investigate cybercrime. The rise in cybercrime investigations in recent […]
Thailand’s Regulations for Cross-Border Personal Data Transfer Come into Force
Two notifications on the cross-border transfer of personal data, issued by Thailand’s Personal Data Protection Committee (PDPC), came into effect on March 24, 2024. These notifications set out the criteria governing the cross-border transfer of personal data offshore, specifically focusing on situations where appropriate personal data protection standards are in place. Of particular importance is […]
Thailand Unveils Virtual Bank Licensing Framework
Thailand’s Ministry of Finance has issued the Notification re: Criteria, Methods and Conditions for Applying for and Issuing Licenses to Operate Virtual Bank Business, which was published in the Government Gazette on March 4, 2024. This notification opens an opportunity for qualified experts in technology, digital services, and diverse data usage fields to apply for virtual bank […]
Thailand Lays Out New Cybersecurity Standards
Thailand’s National Cyber Security Committee (NCSC) released three notifications under the Cybersecurity Act on January 18, 2024, setting cybersecurity-related requirements for key organizations and assets. While one of these notifications already took effect, the two most notable will take effect on January 18, 2025 (i.e., one year from their publication in the Government Gazette). These two […]
Thailand Drafts Framework for Regulating Carbon Capture and Storage
Thailand’s Department of Mineral Fuels (DMF) has developed a framework to regulate carbon capture and storage (CCS) and related activities by introducing “carbon business” to the draft amendment to the Petroleum Act B.E. 2514 (1971). CCS involves the capture, treatment, transport, and underground storage of carbon dioxide produced from industrial power generation. The captured carbon […]
New Rules on Drug Importation for Clinical Trials Set to Take Effect in Thailand
Thailand is preparing to implement new rules on drug importation for clinical studies. The Medicines Regulation Department of Thailand’s Food and Drug Administration (Thai FDA) first issued the Notification Re. Detailed Requirements for Drug Importation into Thailand for Clinical Studies almost a year ago, and the notification is expected to come into effect on March […]
Mazars in Thailand’s Technical Update contains a number of interesting articles on Tax, Legal, Audit and Accounting that will be important to your business.
Keywords: Mazars, Thailand, Tax, Legal, Accounting, IFRS, SMEs, antigen test kits, ex-convicts, DBD, TISO, IBC, Visa, permanent residence, IFRS IC, IAS, VAT 2 December 2021 Tax Additional tax deduction for SMEs to acquire a computer program Additional deduction for the purchase of antigen test kits Additional deduction for the employment of ex-convicts Legal New guidelines on requesting DBD […]
Seeing green in Thailand: a legal perspective on advertising cannabis and hemp products
Considered illegal only a few years ago, products derived from cannabis and hemp are becoming increasingly visible throughout Thailand, as manufacturers start offering their products to the general market. However, while cannabis and hemp products are starting to become more widespread, they are not necessarily advertised to the public as frequently. This is because of […]
