AMCHAM Daily Covid-19 Digest

Legal, Tax & Risk Updates

Jul 3 - Kudun and Partners reports on the recently unlocked options for SMEs and startups to raise funds: newly issued shares and convertible debentures. Read more...


Jul 2 - Deloitte's newsletter talks on tax measures to support foreign manufacturers, community enterprises, personal income tax exemption and more. Read more...


Jul 1 - Kroll gives practical steps on preserving crucial evidence for future litigation to safeguard your organization post covid-19. Read more...


Jun 30 - As companies and management seek to reorganize without the pressure from the public, we will likely see a high rate of de-listings and take-private transactions in 2020. BakerMcKenzie advises on key features and requirements. Read more...


Jun 29 - MPG addresses the new Royal Decree, granted to reduce land and building tax by 90% of the amount calculated under the Land and Building Tax Act. Read more...


Jun 26 - EY has put together this checklist to help companies develop a new, enhanced and data driven approach to risk for the now, next and beyond. Read more...


Jun 25 - This article from Siam Premier provides a brief overview of  Business Interruption Insurance and some key issues for policyholders to be aware of. Read more...


Jun 23 - Tilleke & Gibbins discusses commercial rent relief measures ordered by the Thai government and provides practical guidance for those that are not covered. Read more...


Jun 22 - The cabinet has approved amendments to the Civil and Commercial Code (CCC) to address issues investors might face and help improve Thailand's ease of doing business, Chandler MHM reports. Read more...


Jun 19 - Mazars experts provide perspectives from Transfer Pricing, Corporate Income Tax, VAT and Indirect Tax, and Global Mobility of a multinational enterprise and outline key steps to take to get their taxes in order during covid-19. Read more...


Jun 18 - The Minister of Finance has announced new guidelines for the use of foreign functional currencies for Petroleum Income Tax purposes and valuations in a company's financial statement. Read more...


Jun 17 - This top 10 list of questions regarding labor challenges in ASEAN countries in this period is extracted from DFDL's most recent webinar on Workforce Restructuring. Read more...


Jun 16 - TMF Group gives advice on how organizations in the Asia-Pacific region can keep up with changing regulations in these unusual times and manage regulatory risk across multiple jurisdictions. Read more...


Jun 15 - Baker McKenzie provides a summary of key government intervention measures across jurisdictions around the world on foreign investments, debt, equity and taxation. Read more...


Jun 12 - BOI launches new measures to help BOI-promoted companies mitigate the impact of covid-19 on their operations, Tilleke & Gibbins summarizes. Read more..


Jun 12 - The ongoing impact of covid-19 could become an imminent risk on your global supply and customer chains. DLA Piper gives key warning signs and early action points. Read more...


Jun 11 - This series by Kudun & Partners takes readers through the anatomy of a business rehabilitation in Thailand and highlights focal points for creditors in each step of the process. Read more...


Jun 10 - After the recent enactment of the Emergency Decree on electronic meetings, the new MDES Notification regulates additional security standards for these types of conferencing, Siam Premier details. Read more...


Jun 9 - Chandler MHM clarifies the new ministerial regulation exempting factory operators in Thailand from paying the annual fee for one year. Read more...


Jun 8 - Integrity Legal updates us on the announcement stating that foreigners with Thai Work Permits or permission from Thai government agencies will be soon allowed to enter the kingdom. Read more...


Jun 5 - MPG describes GILTI (Global Intangible Low Taxed Income)  and The Transition Tax, how they apply to different corporations and the best way to address them. Read more...


Jun 3 - As factories start to reopen after being forced to shut down due to covid-19, what should manufacturers do to reduce financial and operational risk at this stage? KPMG lays it out. Read more...


Jun 2 - This newsletter from Deloitte breaks down new update for VAT registration and the different relief measures on covid-19 issued by the Department of Business Development as well as the Social Security Office. Read more...


Jun 1 - In partnership with the Wall Street Journal, Aon discusses new strategies to mitigate traditional and emerging risks within mergers and acquisitions. Read more...


May 29 - Tilleke & Gibbins gives details on the new emergency decree that allow financial institutions to offer SME soft loans while waiving the usual mortgage registration fee. Read more...


May 28 - Even during challenging times, Kroll asserts that it's crucial for organizations to continue putting focus on maturing their cyber security risk profile. Read more...


May 27 - Siam Premier updates on practical guidance for employers on amendment of employment conditions, temporary business closure and layoffs considering current Thai employment laws. Read more...


May 26 - Dej-Udom & Associates' May Legal and Business Update includes an overview of the current travel restrictions, new BOI measures, e-meetings with board of directors and shareholders and the postponement of PDPA. Read more...


May 25 - MPG reports on the new 'Tax from Home' project proposed by the Revenue Department to encourage digital transactions and make it easier for taxpayers during the present situation. Read more...


May 22 - This DFDL alert outlines the lawful considerations that employers across the ASEAN region need to take into account when requesting their staff to return to the office while ensuring their protection in terms of health and safety. Read more...


May 21 - The more resilient a company's tax function is today, the better equipped it is for a downturn and the recovery period. Ernst & Young proposes 5 tax actions businesses should consider straightaway. Read more...


May 21 - Covid-19 has given rise to financial turmoil in many parts of the world, how will this affect the transfer pricing policy of multinational companies? Mazars gives us the details. Read more...


May 19 - As the financial sector strive to uphold their business and protect their workforce, they will face competing legal pressures posed by covid-19. This checklist from Baker McKenzie provides an overview of the key legal and regulatory issues that firms should focus their attention on. Read more...


May 18 - Chandler MHM discusses the benefits of e-signatures, transactions that can be made with them and how to prevent issues of transaction validity. Read more...


May 15 - The cabinet has announced new laws allowing employers and employees to temporarily cease contributions to their provident funds and forbidding strikes and lockouts in any employment disputes. Tilleke and Gibbins reports. Read more...


May 14 - As a result of governments around the world handing out massive financial packages to uphold their economies, we will likely see major changes to fiscal policies. TMF Group advises practical steps businesses should take to prepare for a post-pandemic tax world. Read more..


 

Updates from AMCHAM

From Amb. Tomwit Jarnson

July 3 - Mahidol University unveils Covid-19 antibody test robot -A development project to create a Covid-19 vaccine in Thailand is on track to start clinical trials in humans soon. Read more...


June 26 - Prime Minister General Prayut Chan-o-cha met with the Federation of Thai Industries to exchange views on the “new normal” direction of Thai industries under the covid-19 situation. Read more...


June 19 - The government is developing a new travel scheme, under which citizens of countries which have managed to control the spread of covid-19, or have low risk of infection, will be allowed to visit Thailand without the 14 days quarantine. Read more...


June 12 - The Board of Trade (BoT) of Thailand has suggested that the government either join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) or sign a free trade agreement (FTA) with the European Union as soon as possible before foreign investors start flocking to other countries like Vietnam. Read more...


June 5 - The Parliament passes record 1.9-trillion-baht aid package. Read more...


May 29 - According to the Ministry of foreign Affairs, non-Thai nationals who either possess valid work permits or have already been granted permission from a Thai government agency to work in the Kingdom can apply for permission to enter the Kingdom. Read more...


May 22 - The Monetary Policy Committee (MPC) of the Bank of Thailand cut the benchmark interest rate by 25 basis points, to a new record low of 0.50%, with immediate effect. Read more...


May 15 - Prime Minister Prayut Chan-o-cha said that the Emergency Decree may or may not be extended beyond the end of May, depending on the covid-19 situation. Read more...


May 8 - The government is planning the next round of easing disease control measures and reopening of businesses on May 17. Read more...


April 28 - The state of emergency is extended for 1 more month, until the end of May. Read more...


April 24 -  Foreigners whose visas have expired since March 26, 2020 will be permitted to stay until July 31, 2020 without having to apply for an extension at immigration offices. Read more...


April 4 - There is a move by the Cabinet to grant automatic renewal of tourist visas for those who arrived in Thailand after March 1, 2020. Read more...


Mar 24 - Ministry of Commerce now allows AGMs to be conducted online, provided that 1/3 of attendees are present and resident in Thailand. This is in addition to their earlier extension of filing deadlines.


Mar 24  - The Cabinet approved additional measures to help Thai workers who are not under the Social Security Fund and impacted by the outbreak of covid-19. Read more...


Mar 24 - The Prime Minster has declared a State of Emergency along with a raft of new restrictive measures that will come into effect on Thursday. Read more...


All AMCHAM members receive detailed summaries from Amb. Tomwit as government regulations are announced - if you are not receiving this mailing, please contact membership@amchamthailand.com.  You may also access past emails in the MIC (member information center) of the AMCHAM website.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Member Toolkit

From the U.S.  Embassy

Global Dashboard on Government Policies

Message from the Ambassador

Covid-19 Information


Ministry of Public Health 

"1422" - covid-19 Helpline Number 

Updates in English


PR Thai Government 

  Daily Media Briefing


Eastern Economic Corridor's Office

Covid-19 Relief & Stimulus Package


Updates on U.S. State and Local Tax by EY Corporate Services. Read more...


Homeland Security Investigations Bangkok Internet Safety tips for Parents. Read more...


Member News

Join Crestron's experts Joel Mulpeter and Janice Koh for an insightful webinar, as they delve deeper into the changing dynamics of workplaces post covid-19, and learn how various technologies such as Zero Touch Rooms, Wireless Presentation, Virtual Meeting Rooms and more, can enable a safer and more secure workplace. Register here.

Date & Time: June 19, 2 pm


What are some of the ways in which the hotel industry can leverage digital platforms to overcome business challenges? Megatix shares 5 ways in which the hotel industry can drive bookings. Read more...


Cathay Pacific will continue this skeleton passenger flight schedule for the first three weeks of June 2020.  Read more...


Gensler shares Working from home experience & insights from Asia Pacific Middle East. Read more...


GP Strategies is providing a guide for organisations that are asking how they can convert their existing training content into Virtual Instructor Led Training (VILT). Read more...


FedEx Thailand is offering 49% discount to new corporate accounts on domestic shipments via TNT. Read more...


Sustainability approaches have moved beyond sporadic corporate philanthropy to become the core of operating models and business strategies. Mahanakorn Partners Group explains Covid-19 and Business Sustainability Read more...


ZeroWater Thailand offers advanced water filtration at home for the purest tasting drinking water. Filtering regular tap water, an exclusive 5-stage advanced filtration system delivers zero dissolved solids in your drinking water to provide the purest tasting water, reduce plastic bottle waste, and save money versus premium bottled water. Each unit comes with its own TDS (total dissolved solids) tester and an easy to use spigot. AMCHAM members can avail a 15% discount on replacement filter orders for their ZeroWater product. Read more...


What will be the new normal for the Thai retail market post covid-19? CBRE expects significant shifts in three main aspects. Read more...


Dtac is offering WorryFree Sim for AMCHAM members.Read more...


Diversey Hygiene shares guidelines for Safe Return of Hotels re-opening.  Read more...


Covid-19 is challenging fundamental ideas of workplace best practices. Find out about your Return to Work preparedness from this Work-From-Home staff survey by Gensler.   Read more...

Gensler explores how design can play a role in making the world a healthier place. Read more...


The covid-19 pandemic brings new challenges for companies relocating employees. Santa Fe's Compliant Virtual Survey helps plan these moves without entering the employee's home.  Read more...


Cushman & Wakefield prepares resources to prepare building and business owners for a return to their premises. Read their Safe Six Checklist and Recovery Readiness How to Guide.


Manpower Group shares an update on how businesses can  gear towards returning safely back to work in the new normal. Read more...


The developers behind BASIS International School offer the services of Nakorthon Hospital and their new dedicated Covid-19 testing center and lab. Read more...


Bangkok Hospital is offering screening tests for covid-19 using real-time PCR conducted by their certified laboratory. Test results can be quickly obtained within 9-24 hours. Read more...


HP is offering monthly leasing programs for laptops and printers. Read more…


Fitdao offers live streaming for corporate wellbeing at home. AMCHAM members can avail a 10% discount on wellness programs. Read more...


PCS is offering disinfection and sanitizing service in accordance with an international standard to prevent infection in the air and onto surfaces. Read more...


G4S Security Servicesoffers professional Covid-19 eradication solutions for offices, buildings, factories and homes nationwide. Contact Jetachaikorn Wongkanjana or Puncharat Rachajak.   


Working remotely sooner than you planned? Cisco offers a 90-day Full Feature Webex Free Trial, provisioned within 24 hours for applicants that complete this form. 


Member Promotions


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