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 […]
As of August 16th, 2023, the “Royal Decree Issued under the Revenue Code Regarding Tax Exemption (No. 776) B.E. 2566 (2023)” has taken effect, aiming to fortify automation initiatives on a national scale. This recent stride in taxation regulations holds the purpose of nurturing automation investment in Thailand. Salient Features of the Royal Decree In […]
In an increasingly interconnected global economy, understanding the origin and composition of goods has become paramount. The concept of Regional Value Content (RVC) has gained significance as countries and trade blocs aim to establish rules and regulations that promote local production, job creation, and economic growth. This study delves into the intricacies of RVC, focusing […]