Reduction of Social Security Fund Contribution Rates

Due to the on-going COVID-19 pandemic, on 23rd June 2021, the Thailand Government enacted a Royal Decree to reduce the rates of the contributions which the self-insured persons must pay to the Social Security Fund under the Social Security Act B.E. 2533 each month for a period of 6 months from 1st August 2021 to… Read More

News / 30 Jun 2021

Investment Promotion in Thailand: BOI and EEC 2021

The laws of Thailand on the Board of Investment Promotion (“BOI”) and the Eastern Economic Corridor (“EEC”) encourage local and foreign investors to invest in Thailand.  They provide tax and non-tax incentives in promoted projects. The article gives an overview of the major incentives and the application procedures under the BOI and EEC laws. Board… Read More

News, Publication / 31 May 2021

Postponement of AGMs Allowed Due to COVID-19 Pandemic

Due to the COVID-19 situation, on 26th April 2021 the Department of Business Development (“DBD“) issued its Announcement on Meetings of Legal Entities under Provincial Announcements on Temporary Closures of Venues. This Announcement allows private limited companies, public limited companies, trade associations and chambers of commerce (“Legal Entities“) that closed their  offices as required under… Read More

News / 18 May 2021

PDPA Is Postponed Again for One More Year

Thailand postpones the full enforcement of the Personal Data Protection Act B.E. 2562 (“PDPA“) for another year up to 31st May 2022.  The new effective date of  the PDPA is 1st June 2022.  The postponement is made under the Royal Decree on Entities and Businesses Not Subject to Enforcement of the PDPA (No. 2) B.E. … Read More

News / 10 May 2021

New Financial Assistance to Business Operators Affected by COVID-19

On 10th April 2021, the Thai Government enacted the Emergency Decree on Assistance and Rehabilitation for Business Operators Affected by the COVID-19 Pandemic B.E. 2564 (“ED”) to provide additional financial assistance to business operators affected by the COVID-19 pandemic by having the Bank of Thailand (“BOT”) provide soft loan and debt restructuring facilities up to… Read More

News / 26 Apr 2021

New Interest Rates under the Civil and Commercial Code

In response to the impact of the Covid-19 on the economy, the Government of Thailand has issued and implement dozens of financial, monetary, and medical and public health measures in the past 18 months.  One of them is the Emergency Decree on the Amendment to the Civil and Commercial Code (“CCC”) B.E. 2564, which was… Read More

News / 16 Apr 2021