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23 September 2019

Last year the Thai Cabinet approved an initial draft of an amendment to Thailand’s Revenue Code to make foreign e-commerce businesses liable for VAT on services provided to customers in Thailand.The government has indicated that it is likely that the law will come into effect in 2020, in an...

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13 July 2019

The advent of cloud computing - the practice of storing and accessing data and programs over the internet - has seen new business models evolve to permit businesses to interact more seamlessly with customers and suppliers online. It is also causing a shake up in the accounting world as more and...

/en-gb/insights/article/cloud-accounting-sending-your-financials-sky-high
09 July 2019

The Ministry of Commerce has enacted a new regulation to add the provision of loans and certain services to related companies to the list of service businesses that do not require a foreign business license under the Foreign Business Act.The following service businesses will no longer require a...

/en-gb/insights/foreign-business-restrictions-relaxed
26 June 2019

By enacting measures to preserve natural and heritage sites, Thailand is stepping up efforts to protect its visitor attractions and promote sustainable tourism, although the intervention is expected to affect sector earnings in the short term.In early May tourism officials announced that the...

/en-gb/insights/article/will-restricting-numbers-protect-thailand-against-excessive-tourism
15 February 2019

Thailand’s Board of Investment (BOI) has launched investment incentives for 3 new categories of business, in order to promote the development and management of “Smart City Development Projects” as well as to raise the quality and standard of Thailand’s industrial estates and industrial zones to...

/en-gb/insights/article/incentives-for-smart-cities-in-thailand
07 January 2019

The introduction of transfer pricing legislation marks a significant step towards the development of transfer pricing rules in Thailand. New transfer pricing legislation has been introduced into Thailand’s Revenue Code, reflecting the Thai government’s serious efforts to align itself with...

/en-gb/insights/article/thailand-strengthens-its-transfer-pricing-rules
22 December 2018

Cyber-attacks are increasing in sophistication and magnitude of impact across all industries globally. According to a recent report issued by the U.S. Security Exchange Commission (SEC) the average cost of a cyber data breach is $7.5 Million and is continually increasing in value year over year...

/en-gb/insights/article/cybersecurity-top-ten-trends-and-recommendations-for-2019
08 December 2018

Data is ‘the new oil,’ and construction and real estate companies are sitting on what is the equivalent of a sizeable chunk of the world’s resources.Historically, however, legacy systems and lack of interoperability have prevented real estate & construction companies from using their data to its...

/en-gb/insights/article/blockchain’s-impact-on-the-future-of-real-estate-and-construction-companies
17 November 2018

Most persons that sell goods or provide commercial or professional services in Thailand will have to register with the Revenue Department to pay VAT. Suppliers with a sales turnover not exceeding Baht 1,800,000 per annum are exempt from VAT. Foreign businesses may also be exempt from VAT...

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Displaying 1 - 10 of 19
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