accountants and business advisers
Articles - 10 03 2020
Short-term leasing, such as Airbnb has become more popular in Thailand's major condominium and house rental markets. However, without a proper Hotel License, these transactions may be violating Thai laws and creating significant Thai tax exposures.
News - 09 03 2020
News - 04 03 2020
Many MNCs manage transfer pricing risks by making retroactive TP adjustments when an MNC’s actual profit margin resulted from related party transactions (RPT) that deviated from the reasonable target supported by a transfer pricing benchmarking analysis. In the case where companies make a downward TP adjustment, a refund request in Customs view should be accepted and overpaid duty should be refunded. However, there were many cases the importer still confronts with difficulties to get the Customs Duty refund.
To manage transfer pricing risks, MNCs have the incentive to make retroactive TP adjustments. When an MNC’s actual profit margin resulted from related party transactions (RPT) that deviated from the reasonable target supported by a transfer pricing benchmarking analysis, a reasonable TP adjustment can help an MNC manage the double taxation risk from transfer pricing investigations initiated by revenue authorities and potentially increase global tax efficiency.
Articles - 18 02 2020
Most companies in Thailand will hire the following persons (foreign or local) to work for their companies from time to time: (1) Secondees, (2) Related-Company Dispatches, (3) Freelancers, (4) Subcontractors. However, very few companies have a good understanding of the distinctions or the different tax and legal differences between these four options, which can lead to tax and legal problems if not handled correctly.
News - 17 02 2020
This workshop at our PKF offices in Bangkok will take you through seven mostly accounting-related vital signs of a healthy business.
Articles - 13 01 2020
Yes it is that time again for most of us! It does not seem like a whole year since we were busy with this. It is now time for the majority of us to prepare our Company Annual Accounts and Annual Tax Returns for 2019.
News - 13 01 2020
In 2019 there were 5,183 breaches reported through September 30, exposing over 9 billion records. Also according to the FBI it is good to be aware of your “smart” TV (or any other “smart” household product).
We started the new decade as we left the last one however more ways to combat cybercrime and more laws to protect us against it are being devised.
For more information on how our services can help your business get in touch.