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Amendment to Public Limited Companies Act B.E. 2535 (1992) and Introduction of Operational Efficiency
News - 2021-07-13

Amendment to Public Limited Companies Act B.E. 2535 (1992) and Introduction of Operational Efficiency

In the light of this digital era, the Cabinet of Ministers passed a resolution on May 11, 2021, to adopt the new Public Company Limited Act ("Drafted Legislation")  in order to modernize the corporate processes and provide operational convenience to the public limited companies under the Public Limited Companies Act B.E. 2535 (1992) ("Act") by introducing electronic arrangements for relevant procedures and eliminating outdated and inefficient requirements thereunder.

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Not all audits have to be long and painful
News - 2021-07-02

Not all audits have to be long and painful

The general perception with annual audits throughout the world is they are a necessary evil. Companies are required to have an audit, but they find the whole process a lot of effort and cost for very little benefit.

PKF Thailand auditors are different. They traditionally have provided their client's additional level of service. The PKF Thailand audit team ....

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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

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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.

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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,

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News - 2021-04-19

AGM 2021

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

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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. 

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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.

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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.

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