Utility Green Tariff

News
Utility Green Tariff             The Notification of the Energy Regulatory Commission of Thailand (ERC) re: Criteria for Determining Utility Green Tariff (“UGT”) B.E. 2566 (A.D. 2023) was published in the Royal Gazette on January 8, 2024 with an effective date of 9 January 2024 however, the Notification only specifies the…
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The Revenue Department Issues a New Notification on Income Tax Exemption

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The Revenue Department Issues a New Notification on Income Tax Exemption             The Revenue Department (“RD”) issued the Notification (“Notification”) on 29 December 2023, regarding income tax exemption on actual amount income paid for buying goods or services in Thailand during 1 January 2024 and 15 February 2024 for up…
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Thailand’s sugar exports to China surge due to ACFTA

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Thailand’s sugar exports to China surge due to ACFTA             The ASEAN-China Free Trade Agreement (ACFTA) has substantially boosted Thai exports to China, particularly in processed sugar products such as syrup, artificial honey, and different sweeteners. Thailand has become the primary supplier in China’s import market, securing the top position…
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Thai SEC Allegations Against Former CEO of a company

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Thai SEC Allegations Against Former CEO of a company             The Securities and Exchange Commission (“SEC”) filed a criminal complaint with the Economic Crime Suppression Division (“ECD Police”) against a former CEO of a company in Thailand, alleging the dissemination of false statements to the public. The SEC’s investigation focused…
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Tax reduction on spirits and wines in 2024

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Tax reduction on spirits and wines in 2024             Thailand has been imposing high rate of excise tax on alcoholic beverage, especially on wine and local liquor products. However, in 2024, a new amendment to this regulation will be made in order to reduce the tax rate for the purpose…
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Solving the influx of cheap goods

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Solving the influx of cheap goods             The small local producers of household goods have been damaged by the influx of the cheap foreign products into Thai markets.           Because of a tax and tariff waiver, foreign products has been flooded into Thai market. Thailand waived…
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SEC has public hearing on a draft of notification to prevent Thai investors from abusing Non-Voting Depositary Receipt NVDR

News
Office of Securities and Exchange Commission (the “SEC Office”) has public hearing on a draft of notification to prevent Thai investors from abusing Non-Voting Depositary Receipt (the “NVDR”)             The SEC Office has opened the public hearing on the Draft of SEC Office’s Notification Regarding Standards of Business Operation, Operating…
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