DEBT RESTRUCTURING – WHAT ARE THE OPTIONS? | OUTLOOK August 2021

DEBT RESTRUCTURING – WHAT ARE THE OPTIONS? | OUTLOOK August 2021 The COVID-19 pandemic and the impact on the global economy have placed unprecedented pressure on businesses around the world, including Thailand.  The pandemic has pushed millions of small Thai companies into a crisis mode. “Millions of operators are suffering. If the situation is prolonged…

Air ticket demand recovers but it’s hardly a boom!

Air ticket demand recovers but it’s hardly a boom! Is the best for 2021 over? Average Weekly Hours of All Employees, Manufacturing Weekly hours of the manufacturing sector would appear to be waning, and still aren’t back to where they were pre-Covid-19 despite the optimism reflected in outlook and stock valuations. This might because labor…

Thailand’s Deposit Protection Cut

Thailand’s Deposit Protection Cut From 11th August onwards, the Deposit Protection Agency (DPA) says that it will reduce protection offered per individual account holder in one financial institution to THB 1,000,000 from THB 5,000,000. This isn’t because of the current Covid crisis and has long been planned. The Deposit Protection Institution Act took effect on…

Mid-year tax “PND. 51” | Entrepreneurs, ARE YOU READY? ⏰

Mid-year tax “PND. 51” | Entrepreneurs, ARE YOU READY? ⏰ If you are entrepreneurs registered as juristic persons, whether Limited company or Juristic partnership. 2 important things “Must -do lists” are filing Corporate Income Tax Return twice a year as follows;– The first half of the year called “PND.51” – At the end of the year called “PND.50″…

The Revenue Department has eased bad debt disposal regulations.

The Revenue Department has eased bad debt disposal regulations. The Revenue Department has eased bad debt disposal regulations. When COVID-19 puts many businesses on a dead end, many companies had to close or went bankrupt causing their creditors to bear the burden and loss. To help businesses survive, the Revenue Department amended the ministerial regulations…

Tax exemption, for new relief measure “Asset Warehousing”

Tax exemption, for new relief measure “Asset Warehousing” COVID-19 has caused many businesses to stumble. Asset Warehousing program was launched to help the business operator survival. It was designed to meet the needs of business operators who have been severely affected by the COVID-19 outbreak. The essence of this program is that small business debtors…

Thailand’s new e-Services tax liable for VAT | Corporate Outlook July2021

Thailand’s new e-Services tax liable for VAT | Corporate Outlook July2021 Starting from September this year, foreign e-commerce businesses will be liable for 7% VAT on services provided to customers in Thailand. In addition to boosting VAT collections, the law aims to create a level playing field for domestic and foreign operators providing services online…

MBMG IA Flash – High on an Inflation Panic 🔥

MBMG IA Flash – High on an Inflation Panic 🔥 High on an Inflation Panic🔥  Data released on July 13th 2021 confirmed the continued acceleration of US Consumer Price Inflation (CPI) through June, which was largely due to increases in used car prices, along with spikes in airfares and hotel and car hire rates due to…