After much consideration, 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…

The Royal Thai Police has recently issued the new Regulation which provides some Expats’ relief on the requirement of TM30 reporting, as well as for property owners (i.e., house-master,…

To manage transfer pricing risks, MNCs have the incentive to make retroactive TP adjustments. When an MNC’s actual profit margin resulted from related party transactions (RPT) that deviated from…

Many MNCs manage transfer pricing risks by making retroactive TP adjustments when an MNC’s actual profit margin resulted from related party transactions (RPT) that deviated from the reasonable target…

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…

“Should I stay or should I go?” sang The Clash years ago. Residents of New York, Connecticut, New Jersey, Rhode Island, California and other high tax states are now…

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?…

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),…

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…