The Financial Account Tax Compliance Act (FATCA) represents a critical measure in the global fight against tax evasion. Enacted by the U.S. Congress in 2010, FATCA requires foreign financial institutions (FFIs) to report information about financial accounts held by U.S. taxpayers or foreign entities with substantial U.S. ownership. Recently, the Thai Revenue Department has begun […]
The aviation and aerospace industry in Thailand is a dynamic sector that plays a crucial role in the country’s economic development and international connectivity. This overview examines the primary regulations and laws governing the industry, the roles and responsibilities of government agencies, international agreements to which Thailand is a party, recent developments, and a comparative […]
We are delighted to announce a significant milestone for Mahanakorn Partners Group (MPG). Mr. Luca Bernardinetti, our distinguished Chairman and Managing Partner, has been appointed as the Trusted Lawyer of the Embassy of Sweden in Bangkok. This prestigious appointment not only reflects Mr. Bernardinetti’s exceptional legal acumen but also underscores the long-standing, fruitful collaboration between […]
Thailand has been undertaking significant reforms aimed at improving the ease of doing business in the country. The Regulatory Reform for Ease of Doing Business Committee, chaired by Dr. Tongthong Chandrasu, has reported substantial progress across various sectors, aiming to attract foreign investment and streamline business operations. This overview provides an in-depth analysis of the […]
The Ministry of Finance and the Revenue Department of Thailand have recently proposed a new tax scheme aimed at imposing Value-Added Tax (VAT) on all imported goods, including those valued at less than 1,500 Baht. This policy shift seeks to address several challenges faced by small and medium-sized domestic businesses. As it stands, the international […]
The landscape of international taxation has undergone significant shifts in recent years, primarily driven by initiatives like the Base Erosion and Profit Shifting (BEPS) project by the Organization for Economic Cooperation and Development (OECD). One of the pivotal aspects of BEPS is the introduction of Pillar II, which aims to establish a global minimum tax […]