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.
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?
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 adjustments and customs valuations
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.
Thai rental properties and personal income tax
Foreign investors looking to purchase rental properties in Thailand will often have the choice of purchasing the property in their own name or in an offshore company.
VAT refunds for foreign tourists now on Blockchain platform
The VAT refund system will run via Blockchain system, in order to increase the efficiency of VAT refund for tourists.
Everything you’ve ever wanted to know about Transfer Pricing in Thailand (with examples)
Our guide will help you demystify the cloud of confusion surrounding Transfer Pricing. Here, we’ll cover everything you need to know about Transfer Pricing in Thailand. We have it all, including the new changes coming and how you and your business can prepare.
Employer social security registration procedures simplified
Effective from 16 October 2019, when a new company is registered with the Department of Business Development (DBD), it will also be registered as an employer with the Social Security Office (SSO).
