Showing 1-10 of 12 results
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Insider trading: Time for reform and tougher penalties
Business, Tilleke & Gibbins International Ltd, Published on 05/02/2016
» Recent headlines in Thailand and abroad have drawn attention to a spate of high-profile cases involving insider trading and the inadequate punitive action that follows. Many have called into question the efficacy of sanctions imposed by the Thai Securities and Exchange Commission (SEC) to deter insider trading. This article will look at the law surrounding insider trading in Thailand, how it is enforced and whether the law is effective.
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Insurance laws changing with the times
Business, Tilleke & Gibbins International Ltd, Published on 01/05/2015
» To promote and develop Thailand's growing insurance industry and prepare for greater market activity under the Asean Economic Community, the government recently amended the laws governing the country's life and non-life insurance industries for the third time. Formally known as the Life Insurance Act No.3 of 2015 and the Non-Life Insurance Act No.3 of 2015, the amendments took effect on March 6, seven years after the previous amendments were made. The changes can be divided into three main parts as follows:
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The new payment systems bill: e-payments and beyond
Business, Tilleke & Gibbins International Ltd, Published on 18/03/2016
» In recent months, there has been excitement about the prospect of new electronic payment services in Thailand. News reports have described a system that will enable instantaneous funds transfer using only ID cards.
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Effects of a land and buildings tax on condo owners
Business, Tilleke & Gibbins International Ltd, Published on 03/04/2015
» As has been widely reported, the Finance Ministry has proposed a new property tax on land and building owners. However, Prime Minister Prayut Chan-o-cha has decided to delay the new tax, citing concerns about weak economic growth and the bill's impact on the poor.
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Customs Settlements: Guidelines for Waiver of Prosecution
Business, Tilleke & Gibbins International Ltd, Published on 22/08/2014
» Every year, numerous companies and individuals face criminal prosecution for violating Thai customs law. The penalties include significant fines and even incarceration. This can have a profound effect on both a company and its employees and agents, and even those who may have unintentionally violated customs laws.
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Making a Hotel Acquisition in Thailand: Protecting your Future Assets
Business, Tilleke & Gibbins International Ltd, Published on 11/04/2014
» Thailand is a popular tourist destination and, to many of those with an entrepreneurial spirit, it is an attractive country in which to operate a hotel business. Phuket, for example, is a bustling tourist hotspot and sees some of the highest levels of foreign investment in the hotel industry.
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DSI also has right to investigate customs violations
Business, Tilleke & Gibbins International Ltd, Published on 21/03/2014
» Business operators in Thailand should be familiar with the many administrative agencies that have regulatory and investigative authority. For example, under the Customs Act B.E. 2469, the Customs Department has the right to investigate any customs transaction that might not comply with the customs law.
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New provisions for tax breaks
Business, Tilleke & Gibbins International Ltd, Published on 10/01/2014
» Generally speaking, Specific Business Tax (SBT) is an alternative tax that is levied on certain types of businesses _ particularly those in the financial services sectors. It was first introduced in tandem with the value-added tax (VAT) regime in 1992. The method for collecting SBT can be likened to that of sales tax, which was used in Thailand in the previous incarnation of indirect tax collection, before VAT.
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Thailand paving the way towards an Innovation-Driven economy
Business, Tilleke & Gibbins International Ltd, Published on 18/10/2013
» Industry Minister Prasert Boonchaisuk recently reiterated the government's determination to continue promoting the Thailand Creative Economy initiative. In an attempt to rally support for Thailand's transition to an innovation-driven country, he used rousing words such as "creative" and "sustainable" to describe his latest strategy. A three-stage, 20-year plan is now being drawn up, but it is not without its challenges.
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AEC: Moving towards a common market
Business, Tilleke & Gibbins International Ltd, Published on 25/01/2013
» A common market for financial services will be one of the major components of the Asean Economic Community when it takes effect at the end of 2015. This will represent a significant change for securities regulation in Thailand, where the Securities and Exchange Act, subject to some exceptions, places substantial restrictions on the offering of foreign securities in Thailand.
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