What marketers and business owners should know about the Thailand’s Personal Data Protection Act (PDPA)?
Data Protection,Regional Law,Thailand

Reading Time: 5 minutesThailand has adopted the principals of the EU General Data Protection Regulation (“GDPR”). The Personal Data Protection Act (“PDPA”) legislation was approved and published in the Royal Gazette on May 27, 2019. A one-year grace period has been given, while the committee and office are being formed, so there is only a short time to […]

Same Sex Couples and Their Rights According to the Proposed Thai Civil Partnership Bill
LGBTQ,Personal,Regional Law,Thailand

Reading Time: 4 minutesWhat are the rights the Proposed Thai Civil Partnership Bill grants to Same Sex Couples in Thailand? At the end of 2018, a long-awaited LGBT civil union bill was approved by the Cabinet and is currently pending legislation by the National Legislative Assembly. The Bill is known as the Life Partnership Registration Act (LPRA). According […]

THAILAND: How the Private Trust Bill functions in terms of foreign private wealth for establishing a trust in Thailand?
Business,Business Advice,Regional Law,Thailand

Reading Time: 4 minutesTrust arrangements used to be totally prohibited in Thailand, but were opened for the capital market investment and fundraising in 2007 by the legislation of The Trust for Transactions in Capital Market Act. Soon after enactment, the Real Estate Investment Trust (“REIT”) became available from various financial institutions for the purposes of fundraising and investment […]

Thailand Legal Update: New Amendment to Thailand’s Labour Protection Act
Business,Personal,Regional Law,Thailand

Reading Time: 4 minutesThe Thai National Legislative Assembly approved a resolution to amend the existing Labour Protection Act (the “LPA”) on December 13, 2018. This amendment to the LPA has been published in the Government Gazette on April 5, 2019, and will come into effect on May 6, 2019. Key takeaways of this amendment, which is largely favorable […]

Thailand Tax Alert: Thailand Moves to Revoke ROH, IHQ and ITC Tax Incentive Programs
Business,Regional Law

Reading Time: 2 minutesIn compliance with the obligations to implement OECD/BEPS reforms, Thailand’s Cabinet has just announced the complete cancellation of all tax benefits granted under three longstanding and significant BOI incentive programs: Regional Headquarters (ROHs), International Headquarters (IHQs), and International Trade Centers (ITCs). According to the attached translation of the official announcement, all tax incentives granted under these programs […]

Regional News Alert: Extra Severance Pay and More Benefits for Employees in Thailand in Early 2019
Business,Business Advice,Regional Law,Thailand

Reading Time: 5 minutesChanges to Thailand’s Labor Protection Act – What do you need to know? On 13 December 2018, the draft amendment to the Labor Protection Act (LPA) was approved by the National Legislative Assembly and is expected to come into force soon. The legislation was changed to become more favorable for employees throughout 2018 and is […]

Thailand Legal Alert: Essential Differences Under Thailand’s New Competition Law
Business,Competition Law,Legal Updates,Regional Law,Thailand

Reading Time: 6 minutesThailand was one of the first ASEAN Member States to enact a competition law with the Price Fixing and Anti-Monopoly Act of 1979. However, that legislation was generally accepted to have been ineffective in relation to competition law enforcement and was replaced by the Trade Competition Act B.E. 2542 (1999) (“Old TCA”). The Old TCA came into […]

Thailand Tax Alert: Thai Government Announces New International Business Center (“IBC”) Tax Incentive
Legal Updates,Regional Law,Thailand

Reading Time: 3 minutesOn 28 December 2018, the Thai Revenue Department (“TRD”) announced a new program of tax incentives through the issuing of Royal Decree No.674 (“RD 674”). Key points of RD 674 Section 3: Definition of IBCs Section 4, 5 and 6: PIT at 15% for foreign nationals working for IBCs and their required qualifications Section 7: […]

Regional Update: Thailand’s 2019 Power Development Plan: What to Expect
Business,Business Advice,Legal Updates,Regional Law,Thailand

Reading Time: 4 minutesDFDL Thailand, Bangkok | Expected in early January, Thailand’s forthcoming amended Power Development Plan (PDP) will set the course for nationwide power system development and operation over the coming years. The amended document will represent the first major update to Thailand’s PDP since 2015’s version, which in turn came three years after its predecessor. Each version […]

Thailand Legal Alert: Summary of Changes to LPA
Legal Updates,Regional Law,Thailand

Reading Time: 3 minutesThe National Legislative Assembly approved a resolution for the new draft Labor Protection Act (Amendment) on 14 December 2018. The amendment to the LPA is expected to be published soon and will come into effect within 30 days from the publication date in the Royal Gazette. The law is expected to take effect in March […]

Thailand Tax Alert: New Law on Transfer Pricing
Legal Updates,Regional Law,Thailand

Reading Time: 2 minutesOn 22 November 2018, the Thai Revenue Department (TRD) took another significant step towards tightening its transfer pricing compliance and enforcement regime with the release of “the Additional Revision of the Thai Revenue Code No.47 (TRC47)”. Over the past five years, based on the Base Erosion and Profit Shifting (“BEPS”) initiatives of the OECD, many jurisdictions […]

Thailand Tax Alert: The Thai Government Announces New International Business Center Incentives and the Cancellation of the IHQ Program
Legal Updates,Regional Law,Thailand

Reading Time: 2 minutesOn 10 October 2018, the Thai government announced the cessation of the International Headquarters (“IHQs”) program (which also included Regional Operating Headquarters or “ROHs” and International Trading Centers or “ITCs”) and the creation of a replacement initiative; International Business Centers (“IBCs”). The move is part the OECD Inclusive Framework for Base Erosion and Profit Shifting (“BEPS“). […]