accountants and business advisers
Articles - 14 02 2017
THE CABINET approved on 4th January 2017 a draft amendment to the Labour Protection Act, which requires employers to provide compensation to retiring employees as well as setting the official retirement age as 60. The new legislation is expected to become effective in May 2017.
News - 17 11 2016
Thailand's efforts at gender equality have led to some improvements across society, but women continue to be under-represented in government and top management. For the country to achieve its maximum potential, all its citizens must have an equal stake in the outcome.
News - 04 11 2016
On 16 May 2016, the Thai Supreme Court determined that a company with multiple BOI projects must offset tax losses incurred for BOI projects against taxable profits of other BOI projects during the same accounting period before calculating an overall net taxable profit or loss for the combined BOI projects. Only if the result is a net loss may the company then set that loss against the profits of its other projects that fall outside the scope of investment promotion privileges, or carry it forward as a tax credit in future years. The ruling applies even in cases where the profits from a specific BOI project are still subject to a tax-exempt period.
News - 09 05 2016
PKF Thailand was the main sponsor for the recent Beaver Golf Tournament in Pattaya, Thailand.
News - 24 02 2016
Every year at this time, there seems to be a mad scramble for residents of Thailand to submit their Personal Income Tax (PIT) filings before the end of March deadline. This year, there are significant changes surrounding PIT obligations in Thailand, and you may be one of the beneficiaries. A pair of one-time-only deductions are among the special features of Thai tax law this year, and along with discussion of those, we’ll highlight several other key areas to pay attention to while you’re preparing your annual taxes, which could result in a savings of several hundred thousand THB.
News - 02 02 2016
The Decree provides strong incentives for SMEs to file accurate tax reports moving forward, while forgiving past bookkeeping practices which may have understated their companies’ financial performance.
News - 21 01 2016
In virtually every business in Thailand, there exists a tenuous triumvirate, between (1) the company's top management, (2) the company's accountants, and (3) the dreaded "Taxman." As much as you might like to avoid this truth, like death and taxes, this reality is unavoidable. As Benjamin Franklin noted. "In this world nothing can be said to be certain except death & taxes."
News - 20 01 2016
The Royal Thai Police have informed PKF that a number of businesses in Thailand and internationally are more frequently falling victim to a scam involving bogus emails being received that purport to be from an existing creditor.
News - 27 10 2015
In a move designed to boost tourism, the Thai Ministry of Foreign Affairs has announced that a new 6-month multiple-entry tourist visa (METV) will be available for tourists of all nationalities from 13th November, 2015.
News - 24 09 2015
To the delight of business owners’ aching hands and wrists across Thailand, all Audited Financial Statements in Thailand can now be submitted online via e-filing from December 31st, 2015 onwards; thus, saving significant time wastage, paper, ink, and writers’ cramp for Thailand’s directors who otherwise spend countless hours signing mounds of paper documents.
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