accountants and business advisers
News - 05 08 2019
As we continue the journey to Thailand 4.0 we can see that even the best can still suffer from cyber-attacks – especially if you have something worth stealing. In this article we hear of such notables as NASA, United States Custom and Border Protection, 10 major cellular carriers and eight cloud services providers.
On 18 July 2019, the Thai Revenue Department (“TRD”) issued a new Notification on Stamp Duty (No.59). This notification lists out payment methods and instructions for Stamp Duty payment on e-Instruments that came into effect on 1st July 2019. Our tax team provides more detail.
News - 09 07 2019
Maybe “sound bites” or even some “sound bytes”; this month’s edition reminds us of the central importance of cybersecurity to our business, fast patching, and backups and restores should prevention fail.
Following its commitments to remedy EU concerns and to implement BEPS related measures, the UAE Cabinet has issued a Resolution requiring all in-scope UAE entities that carry on certain activities to have demonstrable “economic substance” in the UAE. Our UAE team explains.
Our PKF China team has released the 4th edition of “Immigration and Investment” dated 13th June. In this update, Visual Capitalist gives a fascinating glimpse of 2018 migration flows showing how high net worth individuals (>$1m) changed their nationality last year.
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
Continuing our journey towards Thailand 4.0. In this months edition, a worrying trend of cyber attacks on education facilities, and the usual other litany of digital skullduggery and cyber intrigue, many of which featured sophisticated ransomware attacks.
News - 03 05 2019
Continuing our journey towards Thailand 4.0. The weaponization ─ and subsequent monetization ─ of electronic data is clearly on display in this our second anniversary edition of Cyber Roundup. The right data can be hijacked for ransom, can be used to target the location of family members, and can be manipulated to alter medical implant devices.
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.
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