Khun Uraiwan Khamngren appointed Branch Manager of PKF Eastern Seaboard
I am very pleased to announce that Khun Uraiwan Khamngren has joined us as our ESB Branch Manager serving our clients, partners and prospective clients in this fast moving and dynamic region. In this role Khun Uraiwan will report directly to Andrew McBean, CEO of PKF Thailand and also work closely with all our Bangkok-based professionals, as well as our team on […]
PKF Holdings Thailand – a Xero Awards 2019 finalist!
We’re so excited to announce that PKF Thailand is a finalist for the Asia Emerging Partner of the Year at Xero Asia Awards 2019! Xero Awards recognise excellence among Xero accounting and bookkeeping partner firms like us, and celebrates our role in helping small businesses thrive. Winners will be announced at Xero Roadshow Asia 2019 […]
Thailand e-Tax Invoicing Systems for SME Businesses
Did you know that earlier this year the Thai Revenue Department issued a “Notification on e-Tax Invoicing by e-mail BE2560” permitting SME businesses to use e-tax invoicing by email? This relates to the preparing, delivering and maintaining of Tax Invoices. This became effective from 1 March 2017 but the information was not widely circulated in […]
July 2019 update on Transfer Pricing in Thailand
Legislation The main tax legislation is the Thai Revenue Code (TRC). The transfer pricing rules are contained within Sections 65bis (4), 65bis (7), 65ter (13), 65ter (14), 65ter (15), 65ter (19), 70ter, 71 bis, 71 ter and 79/3 TRC, the Thai Accounting Standards numbers 18 and 24, the Departmental Instruction No. Paw. 113/2545 (DI 113), […]
Cyber Roundup – August 2019
Key Cyber Events The following is a rundown of what happened during the month of July 2019. We welcome your comments, insights and questions. Capital One reported a breach impacting approximately 106 million individuals. 100 million are associated with U.S. accounts, while 6 million are associated with Canadian accounts. The bulk of the data disclosed […]
New E-Filing makes Payment Easier for Taxpayers and Enforcement Easier for TRD
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. Stamp Duty compliance is often overlooked by many Taxpayers because it can be burdensome to manually […]
Cyber Roundup – July 2019
Key Cyber Events The following is a rundown of what happened during the month of June 2019. We welcome your comments, insights and questions. The New York State Assembly passed the SHIELD Act (Stop Hacks and Improve Electronic Data Security Act). The Act, if signed into law by the governor, will expand upon the existing breach […]
PKF China Immigration and Investment Update
Visual Capita released 2018 Migration Flow Map, showing how the high net worth individuals (HNWI) who has net worth more than million dollar changed their nationality in the last year. The green and red color is to show the country is entered or exited. Source: Visual Capitalist
UAE issues “economic substance” regulations
Introduction In December 2017, the European Union (“EU”) Code of Conduct Group on Business Taxation assessed the tax policies of jurisdictions with no or only nominal tax against the criterion of ‘economic substance’. The EU applies three listing criteria, which are aligned with international standards and reflect the good governance standards that Member States comply […]
Cyber Roundup – June 2019
Sometimes “sound bites” help us to remember actions we need to take. With this edition of Cyber Roundup, some readers might consider the following statements made in this issue as good advice which, if heeded, can help to secure your cyber peace of mind: Patching is one of the top items to focus on. Cybersecurity is […]
