Mazars Thailand Technical Update - June 2020
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Mazars Thailand Technical Update - June 2020
Mazars Thailand’s Technical Update - June 2020 contains a number of interesting articles on Tax, Legal, Audit and Accounting that will be important to your business.
Keywords: Mazars, Thailand, Tax, Legal, Accounting,Transfer-pricing, Land and building tax, VAT, e-services,Electronic payment,Donations, Form TM30,NPAEs
09 July 2020
Tax
- Deadline for submitting transfer-pricing disclosure form extended
- Reduction of land and building tax by 90% for 2020
- VAT imposed on e-services
- Tax incentives for donations to support education extended
- Deduction of three times wage expenses
- Requirement for electronic payment of tax liability for tax returns filed electronically
Legal
- Proposals to amend the Civil and Commercial Code regarding partnerships and limited companies
- Notification of place of residence (Form TM30)
Accounting
- Revaluation model for property, plant, and equipment, as well as investment property for non-publicly accountable entities
