The Trade Competition Commission of Thailand (“TCC”) issued its Notification on Guidelines for Consideration of Fair Trade Practices Related to Credit Terms with SMEs as Sellers of Goods or Services on 24th May 2021 (“Credit Terms Regulation”) under the Trade Competition Act B.E. 2560 (A.D. 2017) (“TCA”) and it will become effective from 16th December… Read More
On 15th July 2021 the MDES (Ministry of Digital Economy and Society) and the EDTA (Electronic Transactions Development Agency) held a pubic hearing on the draft of the Royal Decree on Digital Platform Service Businesses (“DPSB Law”) to be enacted as a law under the Electronic Transactions Act B.E. 2544 (A.D. 2001). The stated objective… Read More
On 13th July 2021, the Thailand Cabinet approved the draft Space Activities Act (“SAA”). The major provisions of the SAA are as summarized below. (1) The National Space Policy Committee (“NSPC”) will be established to prepare space activity policies and plans, formulate plans or projects for the cooperation between the public and private agencies, support… Read More
For Immediate Release LawPlus Ltd. Contact: Kowit Somwaiya, Managing Partner +662-636-0662 kowit.somwaiya@lawplusltd.com Meritas Contact: Beth LaBreche +1-612-578-2834 beth@labreche.com LawPlus Ltd. Joins Meritas, a Global Alliance of Independent Business Law Firms Affiliation offers clients access to quality legal expertise around the globe We are pleased to announce we has been invited to join Meritas, a… Read More
On 17th June 2021, the State Administration Council (“SAC”) enacted the SAC Law No. 20/2021 to amend the Union Tax Law 2020 (“UTL”) in relation to the personal income tax (“PIT”) rates. From 1st July 2021 to 30th September 2021, the PIT rates payable on the income from any undisclosed source are temporarily reduced to… Read More
On 2nd June 2021, the Internal Revenue Department (“IRD”) of the Ministry of Planning and Finance, Myanmar, issued its announcement to allow tax payments through a variety of electronic payment systems instead of paying by cash or cheque effective from 1st July 2021 as follows:- 1. The taxpayers can pay taxes through different electronic payment… Read More