Taxing Times Thailand February 2023 Issue
Welcome to the February 2023 edition of Tax Times Thailand where each month we try and bring you useful information to help with your business and tax obligations in Thailand. “T’was the night before Chinese New Year, and all through the house, Not a creature was stirring, except Personal Income Tax Departments all around Thailand!!” Gentle […]
Welcomed changes to Company Law – Mergers without new Company creation or liquidation
On 1 January 1925, the Civil and Commercial Code (‘CCC’) of Thailand became effective and introduced various rules and procedures concerning for the legal affairs and rights of natural and legal ‘persons’ covering areas such as family law, inheritance law, contract law, property law, corporate law, commercial law and more. With respect to companies, the […]
Cyber Threats 2023
Common attackers rather than crime organization Cyberattacks are carried out by hackers who belong to local groups or operate independently. Most of the hackers operating in North America and Europe are young, with the majority having no financial motive for their actions. Ransomware targets move to Europe Ransomware remains a serious threat to businesses worldwide, […]
Summary of Change in the Civil and Commercial Code No 23
On November 8, 2022, the Civil and Commercial Code (“CCC”) No 23 was published in the Government Gazette and will come into force after 90 days after the date publishing in the government gazette i.e., February 7, 2023. Below is the summary of change to the Civil and Commercial Code which made on the Company […]
Are you keeping pace with new and increasing Cyber Security threats in 2023?
As technologies advance, artificial intelligence develops, and algorithms become more complex it is not surprising that there is doubt from security executives that although legacy antivirus tools are still in widespread use as the main solution against computer virus attacks, whether they will hold up in the modern world and be able to deal with […]
Effective Time Management
Tick tock, tick tock …how fast the seconds, minutes, and hours race by. A distraction, a sudden phone call, a new more interesting email to deal with… these can all disrupt our work and before we know it, another few hours have been lost. Where does the time go!!! With only a fixed number of […]
PEGASUS: Cyber Warfare
‘T’was the night before Songkran, and all through the house, not a creature was stirring, except …” the Pegasus spyware working quietly and invisibly in the background on your devices and copying all your personal information and data to a computer server in some foreign country… while your sleep soundly in your bed, completely unaware […]
Know your cookies | Know your privacy
It has only been a month since the introduction of the PDPA (Personal Data Protection Act) in Thailand and already we are seeing many companies immediately adapting to the new requirements with a ‘click here’ or ‘accept’ button appearing on their website. By clicking on such a button, the user is usually being asked to […]
Making More of Your Data
In today’s connected World, as companies, industries and countries recover from the rigours of Coronavirus, those that emerge fastest and strongest are likely to be data driven. Thoughtful use of data and analytics can help companies execute changes quickly and effectively in the market. PKF is able and ready to help clients address a range […]
New Guidelines: Individual shareholders can cause companies to be related
Thailand follows the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations (‘OECD Guidelines’), and as such, the Thai Revenue Code (‘TRC’) places reporting obligations on certain companies (and juristic partnerships) which have related party transactions. These can include a Transfer Pricing Disclosure Form, Local File, and Country by Country reporting. It is therefore […]
