Thai Revenue Department announces Tax Amnesty
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. On March 25, 2019, the Act Exempting Penalty, Surcharge and Criminal Liability for Assisting Tax Compliance under the Thai Revenue Code […]
Cyber Roundup – March 2019
In a perfect world, we would not have to concern ourselves that our IT infrastructure and devices are not self-secured and impervious. Unfortunately, even the latest equipment and programs can eventually succumb to infiltration by bad actors. We also have a need – whether of necessity or by choice – to go faster and get […]
Cyber Roundup from February 2019
So, you’ve been lucky so far. Neither you nor your business has been compromised by cyber crime. Maybe Shakespeare’s warning [which basically applies to most life circumstances] can be your guide: Better three hours too soon than a minute too late. Good advice from a guy who died over 400 years ago and never had a smartphone. […]
Corporate tax remains a key revenue source, despite falling rates worldwide
On 15th January, the OECD released a report and database, Corporate Tax Statistics, providing internationally comparable statistics and analysis from around 100 countries worldwide. Interestingly it shows in 2016, corporate tax revenues accounted for 13.3% of total tax revenues increasing from 12% in 2000, despite actual rates falling across the world. Read full article here: OECD.org
China National Immigration Administration: 650 million people entered or exited the country in 2018
In 2018, Chinese citizens entered and exited 560 million person-times, accounting for 86.1% of the total number of entry-exit personnel, a year-on-year increase of 12%, and maintained growth for 15 consecutive years. For the first time, there were 95.328 million foreigners departing from or entering China, a year-on-year increase of 11.6%. The top ten countries with the number […]
New Labour Law
Retirement Age of Employees 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. Thailand’s labour law has not previously set […]
