It has been almost three years since the Emergency Decree on Digital Asset Business Operation B.E. 2561 of Thailand (“DA Law”) came into force on 14th May 2018. Since then several implementation rules have been issued by the Ministry of Finance (“MOF”), the Securities and Exchange Commission Thailand (“SEC”) and the SEC Office. This article… Read More
The Act on Amendment to the Revenue Code (No. 53) B.E. 2564 was published in the Government Gazette on 10th February 2021. The Act is effective from 11th February 2021, except for its provisions on the requirements on filing of the VAT return and remittance of the collected VAT, which will become effective on and… Read More
On 13th January 2021, the Thailand Board of Investment (“BOI“) issued a series of announcements, retroactively effective from 4th November 2020, to encourage more investments in the targeted industries in Thailand. Their key provisions are summarized below:- 1. Five new investment activities are eligible to investment promotion. They are (1) hospital for elderly; (2) nursing… Read More
It has been almost three years since the Emergency Decree on Digital Asset Business Operation B.E. 2561 of Thailand (“DA Law”) came into force on 14th May 2018. Since then several implementation rules have been issued by the Ministry of Finance (“MOF”), the Securities and Exchange Commission Thailand (“SEC”) and the SEC Office. This article… Read More
2020 was a challenging year for investors in most of the industries worldwide, while a few of them saw it a good year. The COVID-19 pandemic sent transport and tourism industries down south, but health care, IT and e-commerce industries enjoyed growth. In Thailand the Board of Investment (“BOI”) worked very hard to provide tax… Read More
The government officials and the private sector in Thailand succeeded in raids and other enforcement measures against IPR infringing activities in physical markets resulting in the USTR Review of Notorious Markets for Counterfeiting and Piracy 2020 (released on 14th January 2021) no longer listing any physical market in Thailand as notorious. The internet and social… Read More