In a significant development aimed at bolstering tax collection in Thailand, the Revenue Department issued Order No. Por.161/2023, dated 15th September 2023. This order, which came into effect on the 1st of January 2024, introduces important amendments to the taxation of foreign income, specifically targeting individuals with assessable income from work duties or activities abroad […]
Mahanakorn Partners Group (MPG) and the Singapore International Arbitration Centre (SIAC) proudly present a collaborative and insightful Roundtable Discussion, set to take place on Wednesday, 18 October 2023. This exclusive event will be hosted at the prestigious MPG Law offices, located at Kian Gwan House III, 152 Wireless Road, Bangkok. Distinguished Representatives This dynamic event […]
The European Union’s Carbon Border Adjustment Mechanism (CBAM), set to take effect on October 1st, 2023, has prompted the Department of Trade Negotiations (DTN) in Thailand to initiate discussions involving public and private sector experts. The objective is to prepare for the implementation of CBAM, a tariff system designed by the EU to apply to […]
Tax exemption for income received as government subsidies under the electric vehicle (EV) support program, encompassing both cars and motorcycles, is now in effect. This change is mandated by the “Royal Decree issued under the provisions of the Revenue Code regarding Tax Exemption (No. 773), B.E. 2566 (2023)”, effective as of August 16, 2023. Here […]
Abstract This report delves into the pivotal concept of risk mitigation instruments and their role in augmenting private sector participation in infrastructure investment. As the world grapples with the imperative of meeting global climate objectives and sustainable development goals, governments are increasingly relying on the expansion of credit risk mitigation mechanisms to bridge the infrastructure […]
The enactment of the “Royal Decree Issued under the Revenue Code Governing Reduction and Exemption from Tax Rates (No. 775),” effective from August 16th, 2023, heralds a significant stride toward promoting investment in Depositary Receipts (DR) within the Thai capital market. This legal development is part of the government’s broader objective to augment transactions involving […]