December
Friday, December 25, 2020
The Personal Data Protection Act B.E. 2562 (“PDPA”) originally scheduled for enforcement in 2020, was delayed via Royal Decree, to be effective on 1 June 2021. With economic conditions only starting to recover from the impact of COVID-19, t…
September
Thursday, September 24, 2020
On the 9th of September 2020, the Thai Revenue Department (“TRD”) released an announcement regarding the reduction of fines for late filing of transfer pricing disclosure form (the “Form”) from 200,000 Baht to 5,000 Baht, which shall be fil…
June
Wednesday, June 24, 2020
On 9 June 2020, the Cabinet approved a draft act to amending the Revenue Code to collect value-added tax (VAT) from foreign electronic service (e-Service) providers and foreign digital platforms as proposed by the Ministry of Finance and th…
May
Tuesday, May 26, 2020
On May 12, 2020, the Thai Revenue Department has launched a further extension of electronic tax filing (e-filing) for all businesses due to the COVID-19 situation. These tax relief measures will be applied on eligible tax month from March-A…
April
Wednesday, April 8, 2020
Due to the COVID-19 pandemic, some significant tax relief measures
have been issued and summarized below.
1) Tax Compliance
Thailand Tax Ministerial Notification (No.2) 2563 was issued on 31 March 2020, extending the due date for submission a…
Wednesday, April 8, 2020
Other tax measures introduced due to COVID-!9 include
Additional tax deduction for SMEs' salary costs
Small and Medium Enterprises (SMEs) are allowed to deduct 300% of actual salary expenses paid from April 2020 to July 2020 to employees
January
Monday, January 20, 2020
On 18 November 2019, the Director General has officially published the Transfer Pricing Disclosure Form (“the TP Disclosure Form”) in the Notification of Director General of the Revenue Department. The TP Disclosure Form is applicable from …
October
Tuesday, October 15, 2019
In this article series, Baker Tilly specialists define Agile, walk through its applications to internal audit and offer lessons learned through case study approaches.
Tuesday, October 15, 2019
Internal audit is in a state of transformation. In many industries, disruptions are bigger, coming faster and require responses that are quicker and more fluid. In this environment, internal audit must also adapt to be more flexible and agi…
July
Wednesday, July 10, 2019
Your company may now be eligible for extensive tax breaks which came into effect on the 1st of June 2019.
In a large shake-up of corporate tax laws in Thailand, the Thai Cabinet has introduced new laws which essentially abolish the tax meas…