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 […]

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 […]

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 […]