Thailand’s Tax Policy Shift: Change in Foreign Source Income Tax Treatment for Thai Tax Resident
On September 15, 2023, the Thai Revenue Department (“TRD”) issued the Revenue Departmental Instruction No. Paw. 161/2566, which addresses the collection of income tax under Section 41, paragraph 2,
Thailand’s Exemption of CIT and VAT on Transfer of Digital Investment Token
Introduction The digital investment token is a fund-raising mechanism comparable to securities governed under regulatory framework of similar nature. However, a distinction arises where the transfer of digital investment token is subject to a tax liability, distinguishing it from the transfer of securities. Thus, in order to establish a synchronized tax liability for both digital …
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Navigating the Crisis: Legal Obligations of Employers under Thai Employment Law
The epidemic has disrupted livelihoods and social protections on a global scale, while at the same time accelerating pre-existing trends in the employment sector,
SEC Regulatory Update: Changes in Private Placement Regulations and Implications for Listed Companies
Private placement (“PP”) refers to the offering of equity securities to a specific group of investors[1].
To Invest or Not to Invest in Thailand? Top 3 Tips on How to Avoid Legal Problems When Investing in Thailand
In this post-Covid era, Foreign Direct Investment (FDI) into Thailand has been on the rise, with FDI inflows and applications for investment promotions increasing 36% from the previous year (approximately 13 billion USD).[1]
M/S. DAKSHIN GUJARAT VIJ COMPANY LIMITED V. M/S. GAYATRI SHAKTI PAPER AND BOARD LIMITED AND ANOTHER, ETC._ CIVIL APPEAL NOS. 8527-8529 OF 2009
In a landmark judgment delivered on 09.10.2023, the Hon’ble Supreme Court has finally settled the conundrum arising out of the conflicting interpretations of Rule 3 of the Electricity Rules, 2005 (“Rules”) as given by the Hon’ble APTEL in the two judgments i.e. Kadodara Power Pvt. Ltd. and Others v. Gujarat Electricity Regulatory Commission (“Kadodra Power”),
THE AUTHORITY OF COMMITTEE OF STATE RECEIVABLES MANAGEMENT TO COLLECT RECEIVABLES OF STATE-OWNED BANKS AND REGIONAL STATE-OWNED BANKS
The Committee of State Receivables Management or Panitia Urusan Piutang Negara (“PUPN”) is an interdepartmental committee that handles and manages the state receivables whose members include the representatives from the ministry of finance, the police the prosecutor and the regional government.
Golden Shares: Indian Legal Perspective
Recently, the Chinese Government’s move to acquire ‘golden shares’ in Alibaba and Tencent surfaced the internet. Back in 2021, China’s Government also bought golden shares in ByteDance, the parent company of TikTok.
The need to shift towards greener capital markets
In the second episode of the Ganado Meets Green Finance Podcast, Dr Luke Hili, Associate at Ganado Advocates, speaks with Steve Ellul, CEO of Project Green, to discuss the latest developments and challenges in the field of sustainable finance in Malta.
The Government of the Republic of Croatia introduces the 5th package of measures to protect Croatian households and economy from price increases
The Government’s response to the energy crisis and inflation Due to the current energy crisis in Europe, numerous European countries have introduced emergency measures to reduce consumption,