accountants and business advisers
News - 04 06 2019
The Thai Immigration Bureau recently announced the enforcement of TM30 rules requiring the owners of all properties in Thailand to report all foreigners residing/present overnight on their premises to the Immigration Bureau or a local Police Station within 24 hours. The Immigration Bureau at Chaengwattana first announced the new enforcement regime for these long-standing regulations regarding the “Notification of Residence of Foreigners (Form TM30)” that went into immediate implementation on 28th March 2019. The enforcement of these rules that have been implemented and enforced in at least four major Immigration Bureau offices in Thailand has caused widespread confusion and frustrations among foreigners and landlords alike. Of particular concern has been the consequential delay &/or rejection of Non-Resident Visa applications in cases where the foreigners Form TM30 requirements have not been compliant.
News - 31 05 2019
News - 03 05 2019
News - 09 04 2019
Continuing our journey towards Thailand 4.0. A third-party email provider has all emails destroyed going back to 2001, $3.25bn is being leveraged by cyber criminals on Social Media, cyber criminals are offering lucrative salaries to hackers, a leading payroll software provider suffered a ransomware attack, and a leading state-player takes only 19 mins to do a sideways attack once a network is infiltrated.
The Thai Revenue Department has recently issued new tax regulations to encourage SME corporate entities to file tax returns appropriately by providing exceptions to laws relating to tax penalties and surcharges, including criminal liability.
Knock, knock. “Who’s there?” “A buyer for your company prepared to pay a huge amount of money for it.” Sound like a joke? It may not be if you plan well.
News - 11 03 2019
Continuing our journey towards Thailand 4.0. So far you have been lucky. Neither you nor your business has been compromised by cybercrime. Maybe Shakespeare’s warning [which basically applies to most life circumstances] can be your guide: Better three hours too soon than a minute too late. Good advice from a guy who died over 400 years ago and never had a smartphone.
News - 07 02 2019
A Millennial might text SSDD [“polite” translation: same stuff, different day]. Just another typical month in the annals of cyber security. We have hacked emails, breached websites, phishing schemes, privacy incursion, children’s credentials for sale on the Dark Web, weak passwords and a lack of cyber defenses. Welcome to 2019.
In 2018, Chinese visitors to Thailand reached 10m. In China its citizens entered and exited the country 560 million person-times, up 12% YoY, and maintained growth for 15 consecutive years. In addition there were 95.328 million foreigners departing from or entering China, up 11.6% YoY.
On 15th January, the OECD released a report and database, Corporate Tax Statistics, providing internationally comparable statistics and analysis from around 100 countries worldwide. Interestingly it shows in 2016, corporate tax revenues accounted for 13.3% of total tax revenues increasing from 12% in 2000, despite actual rates falling across the world.
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