Month: May 2015

Foreign Business Act: Four businesses to be removed from FBA Annex III In order to reduce duplicate procedures, the Commerce Ministry will remove four businesses – banking, bank representative office, …

Foreign Business License International sales where products are not brought to Thailand Q: A foreign company (company) registered in Thailand has jointly contracted with a company in Japan, to sell medical …

e-Filing of Audited Financial Statements becomes Compulsory in 2016 On September 4, 2015, the Department of Business Development (DBD) implemented the “DBD e-filing” system, which is used to file audited …

Taxes VAT credit in case of removal or withdrawal of place of business According to the Section 83 of the Revenue Code, if a VAT registrant has several branch of …

Blacklisted companies DBD is putting up a list of “black listed” companies in every business types that do not follow the condition of the law and regulation of the Department …

Amendment of Provident Fund Act On 14 May 2015, the Legislative Assembly unanimously approved the amended draft of the Provident Fund Act. It will permit employees who are members of …

Tax Information on full tax invoice Reference to the Announcement from the Director General of the Revenue Department (RD) about Value Added Tax (No. 199) which requires that the seller …

Tax Case of capital increase to the subsidiary Recently Revenue Department has been paying a close attention to capital increase transaction to subsidiary company because it has incurred unnecessary financial …

Accountants to report customer’s name within 30th January 2015 The Director General of Department of Business Development has given notice to accountants to report customer’s name within 30th January 2015.  The …