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Decommission of Payment Apportionment for UOB Credit Cards and Cash Cards
Published on 08/07/2024
» Starting from the billing cycle cut date of 24 June 2024 onwards, UOB Thailand will decommission the automatic payment apportionment system for UOB credit cards and cash cards. The customers with billing cycle cut date from 24 June onwards will receive the new monthly statement format which will feature an individual QR code and Barcode for each card. This change is intended to allow customers who hold more than one UOB credit card or more than one cash card, to have the flexibility to pay each card balance separately, without the constraints of the Payment Apportionment system.
UOB waives cardholders' fees, interest
Business, Somruedi Banchongduang, Published on 15/06/2024
» UOB Thailand has waived interest and fees for credit cardholders affected by the bank's payment apportionment system.
UOB responds to central bank directive
Business, Somruedi Banchongduang, Published on 14/06/2024
» UOB Thailand plans to cancel its payment apportionment system for credit cards by the end of this month to comply with the Bank of Thailand's directive.
27 parties likely to benefit from EC list-totting method
News, Published on 02/05/2019
» A total of 27 parties should receive at least one party-list MP based on the Election Commission's (EC) calculation method, according to a source at the poll agency.
KK decelerates lending on uncertainty
Business, Somruedi Banchongduang, Published on 31/01/2019
» Kiatnakin Bank (KK) has set a conservative lending growth target of 8% this year, far below last year's 18.5% increase, amid several uncertainties, particularly the possibility of new lending regulations.
Grey areas in tax treatment of franchise fees
Business, Lawalliance Limited Company, Published on 16/12/2014
» Take a stroll through a city bustling with thousands of shops and malls and you can see clearly how the brands and logos of renowned shops, fashionable boutiques and restaurants can influence consumers. Aware of the power of brands, many entrepreneurs invest in franchises that allow them to use the decoration concepts and colours as well as the proprietary information and know-how of such brands.
When car benefits become contentious
Business, Lawalliance Limited Company, Published on 20/11/2012
» Tax treatment of fringe benefits from employment always plays a key role for both employer and employee. It also can be the source of endless disputes between tax authorities and taxpayers. Once the fringe benefit is paid in kind, determination of the monetary value can be very subjective. It depends on the nature of each benefit, item by item, as well as the discretion of each tax official in each case.