accountants and business advisers
07 08 2020
Thailand is set to regulate tax revenues from foreign digital transactions by reforming its traditional tax system to cover loopholes that have been introduced by the global digital economies. This change is in line with its ASEAN neighbours, such as Singapore, Malaysia, and Indonesia, who have already issued similar regulations earlier this year to equalize competition between foreign and local companies.
25 07 2020
07 07 2020
Hotel businesses will be exempted from paying an annual fee to the government until 2022 to help reduce their burden in the aftermath of the Covid-19 outbreak.
22 06 2020
To address the urgent need regarding the outbreak of COVID-19 which has prolonged since the beginning of this year, the Office of Board of Investment has launched the recent relief measures under the Announcement No. Por. 4/2563 (“Announcement”) on 12 May 2020 in accordance with the Investment Protection Act B.E. 2520 (1977).
After the Thai Immigration Bureau’s Announcements for automatic visa extension back in March and April 2020, the Covid-19 pandemic has been on-going and the current extensions for the visas of foreigners remaining in Thailand persists until the end of July 2020. The past extension Announcements were aimed to reduce the risks of over-crowding concerning foreigners seeking visa extensions at the Immigration Bureau. Foreigners whose Visas have already expired can stay in Thailand without penalty for their overstay until the end of July 2020.
08 06 2020
There appears to be some confusion among businesses in Thailand as to the prospects for support measures from the Government of Thailand aimed at debt restructuring to tackle the economic effects of COVID-19.
Due to the recent outbreak of coronavirus disease 2019 (COVID-19) in Thailand, the economic downturn has negatively affected various stakeholders and actors across the economy, especially in industrial and manufacturing sector. Consequently, many factory operators have been suffering from a decrease of income and increase of cost of production.
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.
Further to the recent outbreak of coronavirus disease 2019 (COVID-19) in many countries, including Thailand, the Thai government has enacted the Emergency Decree on Electronic Meetings B.E. 2563 (2020) which allows the company to hold the meetings via electronic media without the requirement for the attendees to be physically present in Thailand nor to be in the same meeting room.
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