accountants and business advisers
News - 11 09 2018
As Thailand continues its journey towards Thailand 4.0, our regular reminder that the more valuable our information and connections are on-line, the smarter the attacks and the more sophisticated the prevention that is required.
The Royal Thai Government has initiated a deregulation program to improve the ease of doing business in Thailand. Thailand has 5,000 Legal Acts, 20,000 Ministerial Regulations/Royal Decrees and over 100,000 Ministerial Rules/Announcements, a great number of which relate to doing business in Thailand. A team of 30 lawyers and 30 economists have been working through these with the intention of streamlining them – eliminating unnecessary regulations and simplifying others. Here we tell you more about the Phases.
Proposed new transfer pricing law expected to be enacted within 2018 and take effect starting on or after 1 January 2019. These changes to the Thai Revenue Code will help to bring Thailand more in line with global standards.
News - 10 08 2018
During the last week of July, 2018, two major Thai high-street banks were hacked. As Thailand continues to become more connected and we continue our journey towards Thailand 4.0, attacks will become smarter as the value of the data the attackers can access becomes higher. As always, prevention is better than cure.
The association of certified fraud examiners, a global organisation dedicated to fighting fraud and corruption within organisations has recently released its 2018 report to the nations on occupational fraud and abuse. This report, a survey of in excess of 1500 organisations globally affected by fraud, once again points out the need for organisations to focus on the prevention of fraud.
There is constant feedback from businesses in Thailand about the lack of digitization as it relates to company set-up, work permits, performing accounting, and dealing with tax and customs, amongst many others. We look at best practice from around the world in these areas. In this edition – how the UK seeks to become “a world leading digital tax authority”.
News - 10 07 2018
On 6th July, PKF officially launched PKF Eastern Seaboard becoming the only global accounting firm with an active branch in the Eastern Seaboard. The launch was attended by guest speaker Khun Suwatana Kmolwatananisa - Deputy Governor responsible for Strategy and Development of the Industrial Estate Authority of Thailand, local business executives and press, and also John Sim - Global CEO of PKF International.
News - 05 07 2018
What is BEPS, why is it important and what is its impact on Thailand so far? Taxation is at the core of countries’ sovereignty, but practice has shown that the interaction of domestic tax rules can lead to gaps and frictions. As a result, existing tax rules have revealed numerous weaknesses. This, in combination with the ongoing financial crisis, has led to the concern that in the changing international tax environment, the applicable international tax standards which were applied by the respective jurisdictions were insufficient.
News - 05 06 2018
As we continue our journey towards Thailand 4.0 there’s little doubt that the electronic revolution that we experienced is a force for tremendous good. Time-savings, accuracy, widening our personal knowledge and experience, medical breakthroughs, on and on cannot be fathomed without information technology. Will the genius of IT eventually solve resultant cyber criminality – or, at the very least, ensure that it is minimal? In the meantime, vigilance is the best practice.
News - 28 05 2018
As we continue our journey towards Thailand 4.0, we look at this month’s cyber events, which many of you may consider to be “jaw-dropping” in their intensity and reach.
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