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 the dramatic changes due to COVID-19.
Ransomware identified as the fastest growing malware threat
The rising popularity of work-from-home has left professional networks more vulnerable than ever to malicious ransomware attacks. Learn about this emerging threat and how you can stay protected.
HLB’s Survey of Business Leaders 2021 spotlights opportunities and challenges for the financial services sector in the wake of COVID-19
HLB global recently conducted a survey of executives across multiple sectors to gauge confidence in global economic growth. The results of HLB’s survey shed light on many of the top challenges and opportunities facing the financial services industry in the wake of COVID-19.
2021 AGM extension due to COVID-19 restrictions
The Department of Business Development has announced an extension of up to one month for holding an Annual General Meeting scheduled to be convened between 26 to 30 April 2021 due to the government restrictions on gatherings in response to the COVID-19 pandemic.
HLB lives up to “Network of the Year” title, achieving 12% growth in 2020
As the global economy begins to rally from the economic slump of the COVID-19 pandemic, it’s high time to take stock of 2020’s impact on the HLB network and assess the damage.
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 much-awaited “Guidance on the transfer pricing implications of the COVID-19 pandemic”.
The Guidance represents the consensus view of the 137 members of the OECD’s Inclusive Framework on base erosion and profit shifting (BEPS) regarding the application of the arm’s length principle and the OECD Transfer Pricing Guidelines to transfer pricing issues in the context of the COVID-19 pandemic.
Foreign e-service providers liable to VAT in Thailand starting 1 September 2021
Starting from September this year, foreign e-commerce businesses will be liable for VAT on services provided to customers in Thailand that are not VAT registrants. In addition to boosting VAT collections, the law aims to create a level playing field for domestic and foreign operators providing services online to Thai customers.
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.
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 a paper form.
February 2021 Thailand Tax Update
Summary of recent tax concessions announced in Thailand in response to the pandemic, including tax cuts and filing deadline extensions.
