Legal Updates: New Lending Services for Trade and Investment Support Offices (TISOs) and International Business Centres (IBCs)
The change in the scope to increase what TISOs and IBCs can do is very welcomed. These categories of business can now lend funds (in accordance with the exchange control regulations) to related companies both locally in Thailand and overseas.
In step with BEPS transfer pricing rules
Thailand is currently going through a period of rapid improvement and development which is creating opportunities and benefits for foreign businesses. Improvements are being made in many areas, including changes to its tax laws to implement certain international tax standards. Notably, Thailand has adopted the OECD’s Inclusive Framework on ‘Base Erosion and Profit Shifting’ (BEPS) […]
The golden age of investment
Against the backdrop of temporary Covid-19 measures being introduced to protect and stabilise the economy of Thailand, the Government has also launched a whole raft of great investor-business incentives to dramatically boost the economy going forward, including years of being able to earn tax-free profits. The numerous incentives have created an air of excitement and […]
Personal Data Protection Regulation and Compliance services
The Personal Data Protection Act B.E. 2562 (PDPA) is Thailand’s new data privacy law which became effective on 1 June 2022. There is an obligation for business operators to follow the rules of the PDPA and ensure, where relevant, they are compliant and have the necessary procedures and safeguards in place for the correct […]
Document Certification and Legalisation
PKF Thailand’s aim is to provide you with a quality service at a reasonable cost and to make what may be an unfamiliar process as easy and straight forward as possible. We are a flexible and modern firm whose whole ethos is based around our clients. We work hard to ensure that not only are […]
Debt Collection, Dispute Resolution and Litigation
In the modern world, disputes are one of the biggest obstacles that a business faces and you should never underestimate the amount of time and resources that complex and lengthy legal procedures will eat up and consume, not least the financial cost. The PKF Legal Team is well versed in negotiating the law and procedures […]
International Trade Transactions and Agreements
Businesses now deal in global markets with a level of international trade that has never been seen or experienced before. Consequently, actions taken by overseas Governments increasingly affect companies in Thailand involved in the global trade of goods and services, whether it’s the negotiation of bilateral, multilateral, or regional trade agreements, or a revision of […]
Licenses, Permits and Contracts
Certain laws and regulations in Thailand require a specific licence or permit to be in place before you are able to continue with the transaction or action. Assisting clients over the years, the PKF Thailand Legal Team is very familiar with the numerous licences and permits that have to be obtained in order for some […]
Inheritance Tax and Estate Planning
Tax authorities around the world are now focusing on increasing tax revenues from Inheritance Tax (IHT) which has traditionally been very low yielding. We can now expect IHT bases to broaden, reliefs and exemptions to be curtailed and IHT rates to increase. Thailand introduced IHT in 2016 with relatively generous reliefs and exemptions but these […]
Doing Business in Thailand Incentives (Board of Investment)
In addition to a range of specific Covid-19 measures to assist businesses through the pandemic period, the Government of Thailand has also introduced numerous incentives to attract new business and boost the economy, most of which provide years of tax-free profits. Whether Thailand is seen as a very favourable place to position a holding company […]
