Andrew Jackomos and Rohit Sharma of HLB Thailand assess how country-by-country reporting (CbCR) regulations are evolving in Thailand, and consider the implications for businesses.
How Do I Become Compliant in Transfer Pricing?
It’s not just about becoming compliant, it’s about staying compliant and for this there can be little doubt that you’ll need a skilled pair of hands to guide you through the myriad processes and procedures.
Thailand clarifies rules for use of internal and external comparables
Thailand’s Ministry of Finance has issued a Ministerial Regulation under the Revenue Code prescribing the approach Thai tax officers should take when analysing and adjusting the pricing of transactions between related parties.
The impact of COVID-19 on your Transfer Pricing arrangements
The COVID-19 pandemic has had an abrupt impact on the world’s economy. A year of economic development has been turned on its head as whole countries lockdown in a bid to contain the spread of the virus.
Which Southeast Asian Nations Have Adopted the OECD BEPS Action Plan 13?
The OECD first created the Base Erosion and Profit-Shifting (BEPS) action plan in 2016. Guidelines were initially adopted by 82 countries. Today, over 140 countries operate in line with the BEPS action plan.
Double Tax Agreement between the United States of America and Thailand (including examples)
The Double Tax Agreement entered into force on 15 December 1997 and is the first income tax convention between the two countries, representing a significant development in the promotion of closer economic co-operation.
Planning Transfer Pricing Policies
Why wait until the Thai Revenue Department is knocking on your door to call for help? The more exposed your company is, the greater the risk of being hit by a tax bill and possibly even fines for noncompliance, so what can you do in advance to prevent this?
What’s the difference between a Master file and a Local file?
Under Chapter V of the 2017 OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, a three-tiered approach to Transfer Pricing documentation has been incorporated for taxpayers with related party transactions.
How is the Covid-19 pandemic impacting Thailand’s medical hub ambitions?
As Thailand begins to gradually ease coronavirus-related restrictions, the government is looking to cement the country’s position as an advanced medical hub in Asia.
Year-End Transfer Pricing & Customs Valuation Tips
It’s hardly unusual for subsidiaries of multinational groups to find that their actual operating results aren’t aligned with the arm’s-length principle at the end of the year.
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