Check this section of the DFDL COVID-19 Resource Hub for issues specifically affecting your legal and tax situation in Thailand.
1. LAND AND BUILDING TAX On 26th January, the Cabinet approved legislation with measures to reduce the tax on land and buildings, and land registration fees for residential housing as a means of alleviating the ongoing impact of the COVID-19 situation in Thailand. The new measures include: A 90% reduction of the land and building...Read more »
On 28 August 2020, the Governor issued a formal announcement that the owners of land and buildings that are subject to Thailand’s updated property tax rules will be granted an additional two month extension to the 31st October for payment of the land and buildings tax. This joint initiative is between the Ministry of Finance...Read more »
Earlier this month, the DFDL Employment & Labour Team organized a well-attended webinar on Workforce Restructuring in Cambodia, Lao PDR, Myanmar, Thailand & Vietnam. Our experts shared their insights with the audience on ways to minimize COVID-19 related labour challenges in compliance with local law as well as practical steps and considerations when implementing options...Read more »
This publication is part of our series focusing on Corporate Insolvency Regime in consideration of the COVID-19 outbreak in Southeast Asian countries. Given the present global situation, rehabilitation of businesses is a primary concern in order to help resuscitate ailing sectors of national economies. A clear and comprehensive understanding of insolvency laws across the region...Read more »
On 27 March 2020, the Ministry of Finance enacted Ministerial Regulation No. 361 (the “Ministerial Regulation”) that is issued under the Thai Revenue Code and provides for withholding tax relief in addition to previous COVID-19 Relief Measures. As far as relief measures for affected businesses are concerned, the Ministerial Regulation provides that the withholding tax...Read more »
The rapid outbreak of the novel Coronavirus (COVID-19) has already caused a slowdown in the overall global economy. Governments around the world are acting decisively to protect their businesses and individuals from the economic disruption being caused by the on-going pandemic. Whether through tax cuts, investment incentives or changes to filing deadlines, tax systems will...Read more »
This publication is the first in a series that will focus on workforce management in consideration of the COVID-19 outbreak in Southeast Asian countries. Due to the predicted and foreseeable fall in demand for products and services and adverse effects on business operations and cash-flow over the course of the coming months, employers must brace...Read more »