Showing 1 - 10 of 416
Appeal court orders tobacco tax-dodging fine cut
Published on 31/01/2023
» The Court of Appeal on Tuesday ordered a reduction to a 130-million-baht fine imposed on the tobacco giant Philip Morris for evading tax on cigarettes imported from Indonesia.
Unsafe products: Liability under Thailand's product liability law
Published on 29/09/2022
» Impacts from the COVID-19 pandemic have led some manufacturers to reduce costs by changing production methods, designs or machinery or reducing the number of employees on payroll. While these strategies may reduce costs and help their business survive, they may also result in lower quality goods. In the worst case, however, these poor quality goods may cancel out or even outweigh a manufacturer's cost savings if the products are deemed to be unsafe for consumers under Thailand's Product Liability Act (officially the Liability for Damages Arising from Unsafe Products Act).
Vongsayam to be awarded water pipeline concession
Business, Wichit Chantanusornsiri, Published on 23/09/2022
» The Treasury Department plans to award a contract to Vongsayam Korsang Co, the winning bidder of its concession to manage and operate the main water transmission pipeline system in eastern Thailand.
Toyota loses $315m tax case
News, Post Reporters, Published on 16/09/2022
» Toyota Motor Thailand (TMT) Co has lost a 2015 import tariff dispute in which the car maker was ordered to pay 11.63 billion baht (US$315.5 million) in missing taxes in connection with its move to import parts to assemble Toyota Prius cars in Thailand.
Top court rules Toyota unit must pay B10bn in import duties
Published on 15/09/2022
» The Supreme Court on Thursday upheld a lower court ruling that the local unit of Toyota Motor Corp owed the government 10 billion baht (US$272.11 million) in extra taxes for importing components not subject to a reduced tariff.
Saxena's last appeal thrown out
News, Wassayos Ngamkham, Published on 13/09/2022
» The Supreme Court upheld lower court rulings against financier Rakesh Saxena, sentencing him to 335 years in prison in three lawsuits in connection with the Bangkok Bank of Commerce (BBC) embezzlement scandal.
Supreme Court upholds rulings against Rakesh Saxena
Published on 12/09/2022
» The Supreme Court upheld lower court rulings against financier Rakesh Saxena, sentencing him to 335 years in prison in three lawsuits in connection with the Bangkok Bank of Commerce (BBC) embezzlement scandal.
Crypto platform mistakenly transfers $7m to woman
Bloomberg News, Published on 01/09/2022
» Crypto.com, the digital currency app that was fronted by Matt Damon in a Super Bowl TV advertisement, is seeking the return of about A$10.5 million (US$7.2 million) it accidentally transferred to a woman in Melbourne.
Termination of Employment in Thailand
Published on 06/08/2022
» According to Thai labour laws, an employer is empowered to terminate an employee’s employment at its will, except for members of the Employee Committee which requires a court order for dismissal. However, the consequences of dismissal with and without statutory causes under the Labour Protection Act B.E. 2541 (the “Labour Protection Act”) will be different in terms of the statutory payments for which the employer is legally required to pay the employee. In this regard, the question “how much statutory payment does the employer have to pay to the employee due to dismissal?” becomes one of the most concerned and critical issues for all employers.
City tenants applaud court ruling
News, Post Reporters, Published on 25/07/2022
» The long-running dispute involving the owners of a luxury condominium in Bangkok, known as The Sukhothai Residences, has taken a step forward with a ruling from the Supreme Court.