(Revised: 6th October 2023) Franchisors, amongst others, are prohibited from conducting any “unfair trade practices” that can cause damages to their franchisees under Section 57 of the Trade Competition Act B.E. 2560 (“TCA”).   To implement Section 57 of the TCA, for franchise business, the Trade Competition Commission issued its Notification on Guidelines for Consideration of Unfair... Read More

The Revenue Department issued its Order No. Por. 161/2023 re: Payment of Income Tax under Section 41, Paragraph 2, of the Revenue Code dated 15th September 2023 to set up a new rule on payment of the personal income tax from overseas income.  The order will come into force from 1st January 2024. Under this... Read More

Under Section 41(2) of the Personal Data Protection Act B.E. 2562 (PDPA), the data controller and the data processor must appoint a DPO if they carry out activities for collection, use or disclosure (processing) of personal data that require regular monitoring of personal data or systems and a large scale of personal data. The Personal... Read More

Companies registered in Myanmar can be voluntarily wound up by its shareholders or creditors or compulsorily wound up by a court order.  The voluntary winding up is more common and easier than the compulsory winding up.  The key legislations governing the company liquidation are the Insolvency Law 2020 and the  Insolvency Rules 2020. Procedures The... Read More

Thailand has introduced and implemented the Long-Term Resident Visa (“LTR Visa”) measure since 1st September 2022 to provide long-term visas and tax and non-tax benefits to four categories of foreigners who want to reside and/or work in Thailand. One of the four categories of the eligible foreigners is the “Wealthy Pensioners” (“WP”). From 1st September... Read More