For the second year in a row, the Singapore Business Federation (SBF) has confirmed the Mahanakorn Partners Group (MPG) as the go-to legal, tax and management consulting firm for market expansion in Thailand. Table 1. Motives for International Expansion In the 2021 edition of our Investing in Thailand report, which SBF published on 13 April […]
On 30 March 2021, the Thai Cabinet approved a draft bill calling for the digitalization of a slew of government services. The Draft Act on the Electronic Performance of Administrative Functions, B.E…. (the “Draft Act”) is poised to alleviate financial and documentary burdens on the public in their applications for licenses and public services, and […]
For a second time, Mahanakorn Partners Group Chairman Luca Bernardinetti was requested by The New York Times to provide his insights on the state of the Thai property market. Journalist Alison Gregor reached out to Mr. Bernardinetti on the basis of his valuable contributions to a previous Times article on Thai real estate that ran […]
Even after the closing of the Offshore Voluntary Disclosure Program (OVDP) there are very attractive options for taxpayers to become compliant with their taxes and international reporting. In some cases, without even having a penalty. Also, there are two new laws for foreign corporations that need to be addressed. Global Transparency In recent years, the […]
Located in the heart of the APAC region and party to numerous trade agreements, it should be no surprise that Thailand and Indonesia have grown into the two largest economies in Southeast Asia. Companies looking to expand within the region would do well to choose these two emerging markets, with their strong exports, modern infrastructure, […]
On 10 February 2021, the Act Amending the Revenue Code (No. 53) (“Amendment”) was promulgated in the Government Gazette. Under its provisions, foreign businesses providing e-Services to non-VAT registered users in Thailand are responsible for remitting VAT to the Revenue Department (RD). The Amendment took effect the day following its publication. Provisions regarding VAT return […]