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 […]
Are you ready for PDPA?
The Personal Data Protection Act or PDPA will come into force on 1 June 2022. With the introduction of the Act so close, your organisation should be preparing for its requirements. However, if your company hasn’t yet started preparing for the PDPA’s requirements, we suggest below four steps which could jumpstart the compliance process. Let’s […]
Update from the Thai Revenue Department regarding the Transfer Pricing Disclosure Form
On 28 March 2022, the Thai Revenue Department (“TRD”) published a Notification of Ministry of Finance regarding TPDF filing deadline extension for FY 2020. Moreover, the TRD also recently issued additional explanation and Q&A for the Transfer Pricing Disclosure Form (“TPDF”) on its TRD website. We have summarised key points as follows: TPDF filing deadline extension […]
KANJANAWAN THONGYIB
Greg Fitchman
Internet services now subject to VAT in Thailand
The domestic tax legislation of most countries has been written from the standpoint that a business requires to be in the country and have a base from which to operate from in order to serve its customers. Such legislation never imagined that any company could be located in another country and sell to mass customers […]
AGM 2022 : No Flexibility on the AGM Deadline this Year
Last year, 2021, the Department of Business Development (DBD) has granted flexibility regarding the deadline for holding the mandatory Annual General Meeting of Shareholders (AGM) in light of the disruption caused by the COVID-19 crisis. However, in this year, 2022, there is no such flexibility anymore. According to the guidelines for filing of the financial […]
Update on Country-by-Country Reporting Submission Deadline Extension and Channels
According to the Notification of the Director-General of the Thai Revenue Department (TRD) regarding Corporate Income Tax no. 408 dated 30 Sep 2021, Thai taxpayers who are a part of Multinational Enterprise (MNE) groups with total consolidated revenue of at least THB 28 billion are obliged to submit the Country-by-Country Report (CbCR) to the TRD […]
