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Reduction of the Contribution to Social Security Fund
Articles - 2020-10-05

Reduction of the Contribution to Social Security Fund

With Thailand heading into economic recession as a result of the COVID-19 pandemic suffered nationwide, the employment sector has been adversely affected by the substantial market downturn. To cut costs during this abnormal operation, businesses are laying off employees and adjusting the monthly salaries paid to their workers. 

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Land and Building Tax: Clarified
Articles - 2020-09-29

Land and Building Tax: Clarified

With the effective date on 13th March 2019, the Land and Building Tax Act B.E. 2562 (Act) initially scheduled the implementation of tax collection on 1st January 2020. Nevertheless, due to the prolonged economic recession and the COVID-19 impacts which have been suffered nationwide, there have been two Royal Decrees enacted to reduce tax liability in this regard. As an introductory perception, this article will firstly outline the main concepts of land and building tax as per the Act and the correlation with the tax reductions under the Royal Decrees. Then, it will touch upon the temporary mitigating measures of the tax collection in 2020.

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Thailand Long Stay “Special Tourist Visa”
News - 2020-09-21

Thailand Long Stay “Special Tourist Visa”

Since the start of the Covid-19 pandemic, the number of tourists in Thailand has been significantly reduced. The Thai tourism business and other related industries are severely affected by this situation. However, Thailand has been effectively controlling the spread of Covid-19 and the government is trying to restore the economy.

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Free online workshop - Empowering your finance teams to build  better solutions with Datadear and Xero
News - 2020-09-01

Free online workshop - Empowering your finance teams to build better solutions with Datadear and Xero

Connect your Xero Accounting Online to your spreadsheet, refresh, and pull data directly from Xero to Excel.

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Articles - 2020-08-27

Have your tax withheld at one step with e-withholding tax?

The new e-Withholding Tax system manages withholding tax completely in one step. As an electronic medium service that meets international standards of security, it is an alternative way to cover the withholding tax steps in what has been a daunting process and makes the system shorter and more pleasant.

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News - 2020-08-13

Automatic Visa Extension – The Last Visa Amnesty

After the Thai Immigration Bureau’s announcements for automatic visa extension back in March, April and June 2020, foreigners whose visa was expired could stay in Thailand until the end of July 2020 without any penalty for overstaying. There were many questions on what will be the next step that the for foreigners after the end of July 2020 - can they extend or renew their visa in Thailand, or they must leave the country to get a new visa?

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Articles - 2020-08-10

Cabinet approved amendments to the Thai Civil and Commercial Code (“TCCC”) Concerning Corporate Laws

On 23 June 2020, the Thai Cabinet has approved amendments to the TCCC and Act for the Prescription of Penalty Imposed on Registered Partnerships, Limited Partnerships, Limited Company, Associations and Foundations B.E. 2499 (1956) (Penalty Act) related to the corporate registration, penalty for delayed payment of dividend, and the combinations of limited companies.

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Articles - 2020-08-07

Thai Revenue Code to impose VAT on foreign digital transactions

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 global digital economies. This change is in line with its ASEAN neighbours, such as Singapore, Malaysia, and Indonesia, who have already issued similar regulations earlier this year to equalize competition between foreign and local companies.

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News - 2020-08-05

Cyber Roundup - June 2020

A compilation of key cybersecurity incidents occurred in May 2020 by Thomas J. DeMayo, Principal, Cyber Risk Management from PKF O'Connor Davies.

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Articles - 2020-07-25

Updated Guidelines for Foreigners with a Work Permit Entering Thailand

According to the Regulation Issued under Section 9 of the Emergency Decree on Public Administration in Emergency Situations No. 12, issued on 30th June 2020, the Thai government has allowed specified groups of Thai and foreign travelers to enter Thailand as of 1st July 2020.

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