The chamber has received from our corporate member Tilleke & Gibbins the following update regarding notification about reducing required Social Security Fund contribution rates due to COVID-19 situation. Thai government has issued a new notification to reduce required Social Security Fund contribution rates to 2% for a period of three
The Annual General Meeting of Danish –Thai Chamber of Commerce was held at Pandora Productions Co., Ltd., Bangkok, on the 2 September 2020. Pandora Productions provided Danish food and sweets from Conrads Deli as well as an excellent service in conducting the AGM meeting. More than 30 members turned up
Thailand’s economy is expected to be impacted severely by the COVID-19 pandemic, shrinking by at least 5 percent in 2020 and taking more than two years to return to pre-COVID-19 GDP output levels, according to the World Bank’s latest monitoring report this year. COVID-19 restrictions will severely impact the poor
The chamber has from our corporate member Baker & McKenzie received the following update related to relief measures issued by the government. These measures aim to alleviate the impact of COVID 19 on the economy for workers and employers. For example, mandatory Social Security Fund contributions are reduced to 2%
The temporary ban on all international flights entering Thailand which were imposed 3 April 2020 has now been eased up considerably in order to allow certain types of aircrafts and passenger aircraft will be allowed to land provided that the passengers fulfill the criteria given in the the notification issued
From our corporate member Baker McKenzie the chamber has received the following information on the regulations for mergers as opposed amalgamation of companies. The new regulation will allow for far more flexibility and less paperwork when merging companies. More information can be obtained here.
The COVID-19 pandemic has led to shutdowns, lockdowns, and quarantines around the world, forcing companies into drastic cost-cutting measures to offset severely diminished (or zero) revenue due to a lack or production or a lack of consumers. Notably, labor costs—the single biggest expense for many companies—are typically negotiated in advance,
The chamber has from our corporate member Baker & McKenzie received the following update related to the Land Tax Act. On 10 June 2020, the Royal Decree Reducing Tax for Certain Types of Land and Buildings, B.E. 2563 (2020) (the "Royal Decree") was published in the Government Gazette and will become
The Royal Thai Police has issued a notification which relaxes the requirement for property owners or hotel managers in Thailand to notify an immigration office every time a foreign national stays in their property. Titled “The Royal Thai Police Notification on Residence of Heads of Household, House Owners, Landlords, or