Artificial intelligence (AI) has experienced remarkable advancements in recent years, playing a pivotal role in revolutionizing various sectors, notably the financial industry and healthcare services. As AI technology continues to evolve at an unprecedented pace, the regulatory framework governing this rapidly expanding field is struggling to keep up. Thailand, in response to these developments, has […]
Thailand, with a vision to transition from an upper middle-income to a high-income nation by 2037, embarked on the Land Bridge project as a key strategy to boost economic growth. The project, which has already received cabinet approval, is a fundamental component of the country’s Southern Economic Corridor (SEC) development plan, aimed at seamlessly connecting […]
Bangkok – On 18 October 2023, Mahanakorn Partners Group (MPG) and the Singapore International Arbitration Centre (SIAC) co-organized a collaborative and insightful Roundtable Discussion titled ‘Unlocking the Power of Arbitration’ for the benefit of industry leaders in Thailand. This exclusive event, hosted at MPG Law offices, brought together approximately thirty C-Level executives and Directors of […]
The Board of Investment (BoI) of Thailand recently unveiled a far-reaching strategic plan aimed at elevating the nation’s status to a global manufacturing powerhouse in the next four years. This initiative is a significant milestone in the nation’s ongoing efforts to attract foreign investment, foster technology development, boost the skilled workforce, promote cluster-based investments, and […]
On September 13, 2023, the Director-General of the Revenue Department issued a comprehensive notice delineating the qualifications, rules, procedures, and conditions governing representative accounting offices. In accordance with Section 5 of the Revenue Code, the Revenue Department is vested with the authority and responsibility for the collection of tax and duty. In the pursuit of […]
The Revenue Department of Thailand has taken a significant step towards enhancing transparency and providing clarity on taxation matters by issuing a comprehensive document addressing frequently asked questions related to the Order of Revenue Department No. Por.161/2566, dated September 15th, 2023. This document seeks to elucidate the intricacies surrounding the payment of income tax under […]