accountants and business advisers
08 05 2020
COVID-19 has drastically changed the global economic outlook, and now more than ever, it is important to balance realism with optimism.
07 04 2020
The following summarises the 2 (two) new Social Security changes to Social Security Fund legislation to provide greater support for the payment of salary compensation for low paid workers effected by COVID-19, which has already passed approval from the Thai Cabinet and has been officially announced in the Social Security Fund website (https://www.sso.go.th/wpr/main)
The rapid spread of anti-corona virus measures around the world has already had a significant effect on the ability of businesses to continue to function. The total effect varies significantly by industry and by country. Entertainment, hospitality and retail are struggling to survive, and many businesses will simply not make it. Companies in developed countries can expect a higher level of government support than will perhaps be available in South East Asia.
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.
Are you minimising your tax and maximising your benefits? Our tax team provide an update of how to best use the RMF, SSF and Life Insurance schemes to maximise your Personal Income Tax savings in 2020.
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.
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.
09 12 2019
With all the year-end excitement, don’t forget about the awesome personal savings you will receive from investing in the LTF & RMF incentive schemes that can give you a personal Thai tax reduction/refund of as much as THB350,000!!! These two often overlooked investments in your future are a genuine “no brainer” for anyone looking to dramatically minimize their Thai personal income tax burden in 2019! And with the Thai stock index now at it’s most attractive price-point all year of long-term investors, you won’t want to miss out on this fleeting opportunity. Particularly with the LTF program being taken away by the Thai Revenue Dept. at the end of December 2019, this will be your last chance for such an amazing Thailand tax windfall.
For more information on how our services can help your business get in touch.