How Thailand’s Tax Changes Affect Your Overseas Income

Thailand’s New Approach to Taxing Foreign-Sourced Income Overview of Changes Orders No. P.161 and P.162 of the Revenue Department (RD), effective from January 1, 2024, represent a significant shift in Thailand’s approach to taxing foreign-sourced income. What Counts as Assessable Income? Assessable income now includes a broad range of earnings such as employment income, professional…

Every Time a Bell Rings… Should You Cut Your Hedge Exposure?

Every Time a Bell Rings… Should You Cut Your Hedge Exposure? MBMG IA’s Paul Gambles recently participated as an expert panellist at the Hubbis Digital Dialogue Series event on Hedge Funds and their Role in Private Client Portfolios Today. He highlighted the diverse potential within the hedge fund universe, emphasizing that with the right approach,…

Hua Hin hosts major Tax Talk event on foreign income regulations

Hua Hin hosts major Tax Talk event on foreign income regulations On Monday, May 6, nearly 200 individuals gathered at the G Huahin Resort & Mall for a significant event titled Tax Talk – Decoding Thailand’s New Rules for Foreign Income. Organized by MBMG Group, Hua Hin Accounting and Law, and Nextto, the session aimed…

Empowering Employees through Ownership: Exploring ESOPs and Alternatives

Empowering Employees through Ownership: Exploring ESOPs and Alternatives Employee ownership is a powerful driver of motivation, loyalty, and productivity. Employee Stock Ownership Plans (ESOPs) have emerged as a popular strategy to align employees’ interests with the long-term success of their companies. However, ESOPs are just one of several options available to businesses looking to foster…

The Ratification of BEPS (Impacts all large multinationals either in Thailand and expanding abroad or opening in Thailand).

The Ratification of BEPS (Impacts all large multinationals either in Thailand and expanding abroad or opening in Thailand). Thailand has been improving its laws on the tax transparency landscape.  Three months ago, Thailand submitted to the Organization for Economic Cooperation and Development (“OECD”) its notification of ratification of the Base Erosion and Profit Sharing treaty convention (known as…

Mayhem, maybe?| MBMG Report and Outlook May 2024

Mayhem, maybe?| MBMG Report and Outlook May 2024 Tight monetary policy + loose fiscal policy ≠ neutral policy It seems clear to us that policymakers have long past the point where reliance on excess liquidity will be able to mask the effects of overly tight monetary policy at some point in the future. This almost…

Unveiling the Mirage: America’s Economic Reality and the Global Warning Signs

Unveiling the Mirage: America’s Economic Reality and the Global Warning Signs The Disparity Between Perception and Reality There exists a significant contradiction in how Americans view their personal economic situations—generally positive—versus a more somber macroeconomic perspective. This contrast is often attributed to political narratives that skew public perception, suggesting a deep-seated bias in individual economic…

Understanding the New Thai Tax Residency Rules: A Guide for Expats and Foreign Residents

Understanding the New Thai Tax Residency Rules: A Guide for Expats and Foreign Residents For many expats and foreign residents in Thailand, understanding tax laws can be challenging. Recent changes to Thai tax residency rules have implications for those who spend a significant amount of time in the country. This article aims to clarify these…

Policymakers and politicians – putting the con in consensus….

Policymakers and politicians – putting the con in consensus…. Interest Rates Stand Still Earlier today(22nd March), Paul chatted with Andrea Heng, the anchor CNA’s flagship morning news programme, Asia First. A major topic was Wednesday’s FOMC (Federal Open Market Committee) meeting. The meeting and subsequent press conference had been a relatively muted affair: As expected…

Demystifying the AI Boom: Behind the Hype and Into the Future

Demystifying the AI Boom: Behind the Hype and Into the Future https://www.cnbc.com/video/2024/02/08/deeply-into-bubble-territory-when-it-comes-to-ai-mbmg-group.html In an era marked by rapid technological advancement, the artificial intelligence (AI) sector has emerged as a beacon of innovation, promising to redefine the landscape of our daily lives and work. Yet, amidst this technological renaissance, voices of caution echo, pointing towards a…