OUR LAW TALKS 2022

May 2022

TAX ALERT 1: Disclosure Form

Image
The Revenue Department is ramping up supervision of taxpayers by notifying those who have failed to submit transfer pricing disclosure forms, a filing required under Section 71 ter of the Revenue Code. This heated pursuit could be a precursor to more invasive action by the tax authority, such as investigations and audits.  



Read more
April 2022

Metaverse: Challenges to Laws

Image
It has been nearly a year since Facebook announced its “metaverse,” a move followed by other platform operators.  The metaverse has since become a daunting legal challenge to businesses and attorneys.  This article will provide general insight about the metaverse and its legal challenges, and pose necessary questions.



Read more
March 2022

Trade Competition: Meaning of SME for Credit Terms

Image
The Trade Competition Commission (“TCC”) issued guidelines on fair trade practices for credit terms for small and medium enterprises (“SMEs”). This article will discuss the TCC’s clarification of what constitutes an SME, and the credit term guidelines.



Read more
February 2022

Thailand’s Digital Asset Tax

Image
Thailand’s Revenue Department has finally released its guideline manual about paying personal income tax on cryptocurrency and digital tokens. The authority, it is believed, released the manual to cope with the rapid uptick in digital asset investments. This article discusses key points of the manual, particularly how the Revenue Department will treat income from digital assets.


Read more
January 2022

Shop Dee Mee Kuen Campaign 2022 (Shop & Income Tax Deductions)

Image
Government has rolled out Shop Dee Mee Kuen, another in a series of populist campaigns to boost spending and catalyze the national economy. The campaign offers taxpayers income tax deductions for purchases of goods and services that meet conditions under Ministerial Regulation No. 379 and Notification of the Director-General of the Revenue Department on Income Tax No. 418.

Goods and services must be paid for between 1 January and 15 February 2022 for taxpayers to benefit from the campaign.

Read more