Insights

Offshore Income Tax Update

Further Guidance for interpretation on Foreign-Sourced Income 

Previously, the Revenue Departmental Instruction No. Paw 161/2566 (“Paw 161”) regarding assessable income under Section 41 paragraph 2 of the Thailand Revenue Code (“TRC”) was p…

Offshore Income Taxable in Thailand

From 1 January 2024 onwards, a taxpayer who has offshore income from employment, from a business abroad or from a property situated abroad must pay tax in Thailand regardless of whether such income is remitted into Thailand within the same …

Transfer Pricing

A common issue in multinational companies is purchasing goods or services from essentially themselves. How do they price these transactions, and how is tax handled?

See our guide below on how transfer pricing is managed in Thailand. For mor…

Fit for the Job?

Long hours each week at our desks at the office inevitably plays a significant role in shaping our daily routines and habits. The idea of taking care of our physical health has always been subconsciously embedded in the back of our minds as…

A farewell to John Ginnane

On Thursday 22nd of September Baker Tilly sponsored the memorial event for our beloved and respected executive chairman, Mr. John Ginnane, on 22nd September 2022. Hosted at O’Malleys Irish pub on Silom road.  

A final gathering with his rela…

An Ivy League Journey

We chat to Serene(Grace) from our Baker Tilly Thailand office in Thailand was recently accepted to Cornell University to do her MBA. Cornell University is an Ivy league school in New York rated as one of the top universities in the world.  …

Thailand Economy Update

The Bank of Thailand has tightened its control over the banking industry during the last decade leaving the banks in a relatively strong position to handle the impact of Covid-19, considerably better than what was witnessed during the Asian…

Thailand Economy

Whilst Thailand is yet to suffer the latest Omicron variant, there is no doubt the Thai government is between a rock and a hard place.

Will the housing market collapse?

The below article from CAS Capitals debt insider newsletter, written by John Sheehan takes a deep dive into the Thailand property market and looks at what the impacts of Covid will be in the real estate and development sector. It also looks…