PKF Thailand

News and Events
from PKF Thailand

News Search

Home PKF Thailand News & Events
Legal Updates: Another One-Year Postponement of PDPA
News - 2021-06-08

Legal Updates: Another One-Year Postponement of PDPA

Since the postponement affords additional time for all sectors in Thailand to adapt and customize their operation for PDPA compliance, this Royal Decree is a blessing in disguise. By next year, most sectors’ operations, if not all, should be in full compliance with PDPA; this will only be beneficial for all parties involved because PDPA offers comfort to all data subjects that their personal data will be handled with due care and transparency. In another light, PDPA enforcement will usher in a new regulatory era of data transactions in Thailand, which is necessary, given how much data is being used in the current business paradigm of the global Big Data trend

Read more
Legal Updates: A Way Out for the Real Estate, Industry?
News - 2021-05-11

Legal Updates: A Way Out for the Real Estate, Industry?

The government is looking to amend the current real estate law to pave the way for more foreign investment in Thailand in order to stimulate the economy during the pandemic. This legal amendment promises more freedom for foreign acquisition of condominiums, houses, and lands in Thailand.

Read more
DBD’s Recent Announcement to Address AGM
News - 2021-04-30

DBD’s Recent Announcement to Address AGM

Organizing a meeting in public spaces during the COVID-19 pandemic is a difficult thing to do and it has become near-impossible with the recent third-wave outbreak. Through its official announcement as dated 26 April 2021 (“DBD Announcement”), the Department of Business Development (DBD) responded to this change of event by allowing postponement of juristic persons’ meetings as well as providing an alternative e-meeting arrangement,

Read more
AGM 2021
News - 2021-04-19

AGM 2021

A limited company must hold the Annual General Meeting (AGM) within 4 months of the fiscal year end.

Read more
Articles - 2021-03-22

Legal Updates: Revisions of Interest Rate and Interest Calculation under the Thai Civil and Commercial Code

With no end of the economic downturn caused by the COVID-19 pandemic in sight, the government sector has been launching a series of measures to alleviate financial burdens and increase cash circulation in order to loosen up the economic stiffness. These measures range from legal amendments, enforcement of new tax regulations, and revisions to fiscal policies. To this same extent, on 9 March 2021, the Cabinet approved the amending of traditional provisions in the Thai Civil and Commercial Code (“TCCC”) regarding interest rates which have been enforced for over 95 years. With such aims, the Act Amending the Thai Civil and Commercial Code on the default interest calculation (“Act”) is proposed to eliminate outdated provisions that no longer accord with the evolving economy and impose an excessive burden on all stakeholders in the system. 

Read more
News - 2021-02-25

New e-VAT Legislations for Foreign Source Digital Service and e-Platform

On 10 February 2021, a new Act Amending to the Thai Revenue Code (No.53) B.E. 2564 was legally enacted concerning foreign companies’ duty to collect and remit VAT on digital services and e-platforms as published in the Thai Royal Gazette.

Read more
Articles - 2021-01-26

New Tax Measures for Covid-19: 26 January 2021

On 26 January 2021, the Thai cabinet has approved the tax measurements to help individuals and companies during the Covid-2019 pandemic for 2021 below. The Royal Decree will be publicized in Thai Royal Gazette soon.

Read more
Articles - 2021-01-22

Amendment to the Thai Civil and Commercial Code to Promote Start-Up Enterprises

Ever since the Cabinet's approval granted on October 17, 2017, the Act amending the Thai Civil and Commercial Code (Act) is still pending consideration by the Office of the Council of State. Despite this prolonged legislative process, the draft gives us a glimpse of a striking revolution of the Thai Civil and Commercial Code (TCCC) provisions, which have been enforced ever since its enactment in 1992. Having been initiated by the Office of Small and Medium Enterprises Promotion (OSMEP), the primary intent of the Act is to promote start-up enterprises in Thailand, and this draft could be another critical step toward the modernization of Thailand's corporate regulatory scheme and the essential incentives to boost the investment section.

Read more
Articles - 2021-01-11

2021 Options for Minimizing Personal Tax and Maximizing Your Savings Plan

The Covid-19 crisis underscores the impact of tax benefits on people and businesses. This article aims to study the tax benefits of long-term investment promotion and has the following key findings:
1) Type of Tax Saving Plans namely , SSF , RMF , Life Insurance and Health Insurance
2) 2-Cases study which show the tax saving amount in difference perspective

Read more