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  • News & article

    The new Customs Act: What to expect and how to prepare

    Business, PwC Thailand, Published on 27/03/2017

    » After several years of discussions, the draft Customs Act was finally approved on March 9 by the National Legislative Assembly (NLA). It will replace and consolidate all current versions of the Customs Act 1926, and it is expected to be proposed for consideration by His Majesty the King within 20 days after NLA approval. Once approved and signed, it will be announced in the Royal Gazette and come into force within 180 days from the announcement date.

  • News & article

    When shareholders can be taxed without earning income

    Business, PwC Thailand, Published on 26/06/2017

    » In principle, a capital reduction is a return of the original investment of the shareholders of a company and should not be regarded as their income. For an investment in shares, the income earned by investors would normally be in the form of dividends, capital gains or the amount of liquidation proceeds that exceeds the cost of the investment.

  • News & article

    Legal mechanisms for employment risk and crisis management

    Business, PwC Thailand, Published on 22/11/2016

    » Human resources has to deal with many issues, and those issues can turn out to be more complex when they go beyond daily operations such as legal non-compliance, misconduct, malpractice, fraud, or damage to a company's property and reputation. Dealing with a problem may require comprehensive yet cautious measures, as there may be consequences and subsequent liability. Employment issues aren't only caused by employees, but also by employers when they don't comply with the law, possibly due to a lack of awareness of the legal implications. The available legal mechanisms are defensive, preventive and offensive, and these can help to prevent unexpected scenarios and minimise exposure.

  • News & article

    Tax Insight: Unexpected outcomes from unauthorised tax invoices

    Business, PwC Thailand, Published on 14/05/2013

    » When you consider the documents in the value-added tax (VAT) system, the tax invoice is one of the most significant for both a supplier and a buyer. To claim input tax from the Revenue Department, the buyer must be able to show the tax invoice and prove to the officer that it contains the particulars stated in the law. Therefore, the supplier is required to issue the correct tax invoice to the buyer as stipulated by law.

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