Author Archives: Luca

Post-Event Media Release: A Successful Arbitration Roundtable Discussion by MPG and SIAC

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 […]

Thailand’s Roadmap to Becoming a Global Manufacturing Powerhouse: BoI’s Four-Year Blueprint

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 […]

Revenue Department’s Notice on Representative Accounting Offices

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 […]

Clarifications on Personal Income Tax for Foreign-Sourced Income: Key Questions and Answers

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 […]

The Revenue Department Closes Loopholes, Tightening Tax Collection on Foreign Income

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 […]

Unlocking the Power of Arbitration: A Joint Roundtable Discussion

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 […]