Deadlines extended for filing transfer pricing disclosure forms and reports

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Deadlines extended for filing transfer pricing disclosure forms and reports

The deadline extensions include extension of the deadline for filing of the 2020 transfer pricing disclosure form to 30 May 2022.

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Transfer pricing documentation requirements clarified

The Revenue Department has issued a notice on the documentation and evidence required to support the pricing of related party transactions.

Insight

As the hospitality industry struggles, taxes are knocking on the door

One of the long-term effects of the pandemic – besides the business effects that vary between different activities in the hospitality industry – are the tax consequences that result from...

Insight

OECD Guidelines for Transfer Pricing during the COVID-19 Pandemic in Thailand

Taxpayers and tax administrators around the world are grappling with the unprecedented impact the COVID-19 pandemic is having on transfer pricing arrangements. On 18 December 2020, the OECD published the...

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Transfer Pricing documentation and adjustment rules clarified

The Director-General of the Revenue Department has issued a notification clarifying the transfer pricing documentation that taxpayers should maintain.

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Online filing of Transfer Pricing disclosure forms now mandatory

The Director-General of the Revenue Department has issued a notification making it mandatory for companies to submit their transfer pricing disclosure forms online unless they have reasonable grounds for filing...

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Thailand’s new Transfer Pricing law: Assessing the risks for taxpayers

Paul Ashburn and Rohit Sharma of HLB Thailand explore how Thai transfer pricing legislation has evolved to entail greater disclosure requirements and discusses the associated risks for taxpayers.

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How Country-by-country reporting (CbCR) regulations are evolving in Thailand

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.

Insight

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...

Insight

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...