On 1 December 2021, the Ministry of Labour and Vocational Training (“MLVT”) issued Notification 058/21 on Extending the Deadline for the 2022 Foreign Employee Quota Application (“Notification”). Through the Notification, the MLVT has delayed the submission deadline for 2022 foreign employee quota applications until 31 January 2022, being two months after the original deadline ...
The use of drones in the world is increasing very rapidly and plays an important role in optimizing processes across a various range of industries: agriculture, delivery services, infrastructure, mapping, military and so on. These machines are very efficient, effective, and safe tools for quality, safety and savings ...
Article by Anne Coulon, Regional Legal Adviser, DFDL Thailand Mediation is a confidential, fast, flexible and cost-effective dispute resolution (“DR”) method based on the mutual consent of the involved parties. Companies, contractors, individuals, banks, real estate owners, governmental bodies; or any combination thereof may be parties to commercial mediation. Breaches of contract, business torts etc. can all be successfully submitted to and/or resolved through mediation ...
With COVID-19 vaccination campaigns nearing completion or still in progress in various countries across Southeast Asia, our experts take this opportunity to look at some of the top questions and concerns on the minds of employers and employees when it comes to COVID-19 vaccination considerations ...
On 21 November 2018, Thailand introduced a new transfer pricing law which became effective for the fiscal year commencing on 1 January 2019. Thereafter, the Thai Revenue Department (“TRD”) amended and revised the Thai Revenue Code by enacting Royal Decree No. 47 (“RD47”). Under RD47, companies established under Thai law are subject to TP documentation rules if they have annual turnover of at least THB 200 million (USD 6 million) ...
On 21 November 2018, Thailand introduced a new transfer pricing law which became effective for the fiscal year commencing on 1 January 2019. Thereafter, the Thai Revenue Department (“TRD”) amended and revised the Thai Revenue Code by enacting Royal Decree No. 47 (“RD47”). Under RD47, companies established under Thai law are subject to TP documentation rules if they have annual turnover of at least THB 200 million (USD 6 million) ...
On 21 November 2018, Thailand introduced a new transfer pricing law which became effective for the fiscal year commencing on 1 January 2019. Thereafter, the Thai Revenue Department (“TRD”) amended and revised the Thai Revenue Code by enacting Royal Decree No. 47 (“RD47”). Under RD47, companies established under Thai law are subject to TP documentation rules if they have annual turnover of at least THB 200 million (USD 6 million) ...
On 21 November 2018, Thailand introduced a new transfer pricing law which became effective for the fiscal year commencing on 1 January 2019. Thereafter, the Thai Revenue Department (“TRD”) amended and revised the Thai Revenue Code by enacting Royal Decree No. 47 (“RD47”). Under RD47, companies established under Thai law are subject to TP documentation rules if they have annual turnover of at least THB 200 million (USD 6 million) ...
On 21 November 2018, Thailand introduced a new transfer pricing law which became effective for the fiscal year commencing on 1 January 2019. Thereafter, the Thai Revenue Department (“TRD”) amended and revised the Thai Revenue Code by enacting Royal Decree No. 47 (“RD47”). Under RD47, companies established under Thai law are subject to TP documentation rules if they have annual turnover of at least THB 200 million (USD 6 million) ...
On 21 November 2018, Thailand introduced a new transfer pricing law which became effective for the fiscal year commencing on 1 January 2019. Thereafter, the Thai Revenue Department (“TRD”) amended and revised the Thai Revenue Code by enacting Royal Decree No. 47 (“RD47”). Under RD47, companies established under Thai law are subject to TP documentation rules if they have annual turnover of at least THB 200 million (USD 6 million) ...
On 21 November 2018, Thailand introduced a new transfer pricing law which became effective for the fiscal year commencing on 1 January 2019. Thereafter, the Thai Revenue Department (“TRD”) amended and revised the Thai Revenue Code by enacting Royal Decree No. 47 (“RD47”). Under RD47, companies established under Thai law are subject to TP documentation rules if they have annual turnover of at least THB 200 million (USD 6 million) ...
On 21 November 2018, Thailand introduced a new transfer pricing law which became effective for the fiscal year commencing on 1 January 2019. Thereafter, the Thai Revenue Department (“TRD”) amended and revised the Thai Revenue Code by enacting Royal Decree No. 47 (“RD47”). Under RD47, companies established under Thai law are subject to TP documentation rules if they have annual turnover of at least THB 200 million (USD 6 million) ...
On 21 November 2018, Thailand introduced a new transfer pricing law which became effective for the fiscal year commencing on 1 January 2019. Thereafter, the Thai Revenue Department (“TRD”) amended and revised the Thai Revenue Code by enacting Royal Decree No. 47 (“RD47”). Under RD47, companies established under Thai law are subject to TP documentation rules if they have annual turnover of at least THB 200 million (USD 6 million) ...
The Tourism Authority of Thailand (“TAT”) announced via the Royal Thai Government Gazette on 30 October 2021 that as of 1 November 2021, earlier COVID-19-related restrictions would be lifted in the case of four designated ‘Blue Zone’ provinces: Bangkok, Krabi, Phang-Nga, and Phuket ...
Pursuant to the Department of Labor and Employment (“DOLE”) Department Order Nos. 216 and 217, Series of 2020 (collectively, “Department Orders No. 216 and 217”), Private Employment Agencies (“PEAs”) are required to submit a hard copy of the monthly recruitment and placement reports to the appropriate Regional Office of the DOLE within seven (7) days after each reference month ...
On 12 October 2021, the Bangko Sentral ng Pilipinas (“BSP”) issued Memorandum No. M-2021-72, to provide guidelines on the submission of the reports on crimes and/or losses (“RCL”). The following are the submission procedures under the Memorandum: Banks and NBQBs shall follow the existing manner of reporting a crime and/or loss incident, i.e ...
Circular Letter No. CL-2021-080, issued on 18 October 2021 by the Bangko Sentral ng Pilipinas (“BSP”), disseminates to all BSP-Supervised Financial Institutions (“BSFI”) the Anti-Money Laundering Council’s (“AMLC”) Guidelines on Digitization of Customer Records (“DIGICUR”) adopted via the AMLC Regulatory Issuance (“ARI”) A, B, and C, No. 2, Series of 2018 ...
The Bangko Sentral ng Pilipinas (“BSP”) in Memorandum No. M-2021-053 dated 13 October 2021 clarified the definition of “digital banks”. A digital bank refers to a bank which offers financial products and services that are processed end-to-end through a digital platform and/or electronic channels with no physical branch/sub-branch or branch-lite unit offering the same ...
On 28 October 2021, the Royal Government of Cambodia (“RGC”) implemented ‘Round 10’ of measures aimed at mitigating the impacts of COVID-19 on businesses and workers in Cambodia. In readiness for the economy re-opening Cambodia has been receiving vaccines through support and direct purchases from various manufacturers ...
The use of drones in the world is increasing very rapidly and plays an important role in optimizing processes across a various range of industries: agriculture, delivery services, infrastructure, mapping, military and so on. These machines are very efficient, effective, and safe tools for quality, safety and savings ...
The 1997 Labour Law, previously amended in 2007 and 2018, was amended for the third time on 5 October 2021 with immediate effect (“Amended Labour Law”). The Amended Labour Law introduces several changes to the 1997 Labour Law, particularly provisions relating to employee working schedules, work on paid public holidays, individual disputes and the authority of the Labour Inspector ...
