accountants and business advisers
07 07 2020
The Royal Thai Police has recently issued the new Regulation which provides some Expats’ relief on the requirement of TM30 reporting, as well as for property owners (i.e., house-master, owners or lessors of a residence) and hotel managers in Thailand. The new Regulation was published in the Government Gazette on 16 June 2020 and it has been effective from 30 June 2020 onwards.
22 06 2020
After the Thai Immigration Bureau’s Announcements for automatic visa extension back in March and April 2020, the Covid-19 pandemic has been on-going and the current extensions for the visas of foreigners remaining in Thailand persists until the end of July 2020. The past extension Announcements were aimed to reduce the risks of over-crowding concerning foreigners seeking visa extensions at the Immigration Bureau. Foreigners whose Visas have already expired can stay in Thailand without penalty for their overstay until the end of July 2020.
08 06 2020
There appears to be some confusion among businesses in Thailand as to the prospects for support measures from the Government of Thailand aimed at debt restructuring to tackle the economic effects of COVID-19.
Due to the recent outbreak of coronavirus disease 2019 (COVID-19) in Thailand, the economic downturn has negatively affected various stakeholders and actors across the economy, especially in industrial and manufacturing sector. Consequently, many factory operators have been suffering from a decrease of income and increase of cost of production.
08 05 2020
COVID-19 has drastically changed the global economic outlook, and now more than ever, it is important to balance realism with optimism.
Further to the recent outbreak of coronavirus disease 2019 (COVID-19) in many countries, including Thailand, the Thai government has enacted the Emergency Decree on Electronic Meetings B.E. 2563 (2020) which allows the company to hold the meetings via electronic media without the requirement for the attendees to be physically present in Thailand nor to be in the same meeting room.
07 04 2020
Economic crises and / or recessionary environments typically cause reductions in the future expected economic returns of assets which leads to the need for asset impairment tests. Impairment tests provided by independent expert are considered more reliable, accurate and inspire shareholder and / or investor confidence. PKF Thailand has developed an in-depth understanding of the valuation methodologies for a multitude of assets and a strong ability to address key concerns of auditors and regulators.
The following summarises the 2 (two) new Social Security changes to Social Security Fund legislation to provide greater support for the payment of salary compensation for low paid workers effected by COVID-19, which has already passed approval from the Thai Cabinet and has been officially announced in the Social Security Fund website (https://www.sso.go.th/wpr/main)
For more information on how our services can help your business get in touch.