AMCHAM Daily Covid-19 Digest

Legal, Tax & Risk Updates

Sep 25 - Kroll points out the risks involved with having the government or state-owned enterprises as business partners and how firms can navigate these challenges. Read more...


Sep 24 - Kudun & Partners highlights one of the key features in a rehabilitation proceeding that comes into immediate effect when the rehabilitation petition is accepted by the Court. Read more...


Sep 22 - The Thai Cabinet recently approved a "Special Tourist Visa (STV)" that allows foreigners to stay in the kingdom for 90 days and can be extended twice, with the purpose of recovering the tourism business in Thailand. Read more...


Sep 21 - Results from a survey on C-suite executives by Mazars reveal that 60% of firms have revisited their strategy and highlight a lack of board knowledge about key risks. Read more...


Sep 18 - The new GILTI high tax exception have little impact on individual taxpayers, but provide administrative relief for some taxpayers who have to deal with GILTI, Hone Maxwell clarifies. Read more...


Sep 17 - MPG writes on the merge of the Annual Registration Statement (Form 56-1) and the Annual Report (Form 56-2) in order to streamline the annual performance reporting process. Read more...


Sep 16 - The Revenue Code and other laws under the Revenue Department can now be extracted from the network of the Department of Business Development, Deloitte reports. Read more...


Sep 15 - The Securities and Exchange Commission has issued two announcements to relax certain obligations of REITs (Real Estate Investment Trusts), Chandler MHM explains. Read more...


Aug 31 - The Thai government's various Covid-19 related tax measures - most of which were approved since March - have now been formally promulgated and clarified in a series of royal decrees and notifications, Tilleke & Gibbins reports. Read more...


Aug 28 - Kudun & Partners fleshes out the newly-announced qualifications of foreign experts for businesses that are promoted by the BOI. Read more...


Aug 27 - EY gives 19 practical steps (each with their own article) for businesses to prepare and respond if there was a second pandemic wave. Read more...


Aug 26 - The Revenue Department has issued a reminder of tax filing requirements of e-commerce businesses in Thailand, MPG explains further. Read more...


Aug 25 - Recent amendments to the Debt Securities Regulations to enhance investor protection and further develop the debt securities market, Chandler MHM clarifies. Read more...


Aug 20 - The Federation of Accounting Professions has published a revaluation model for property, plant, equipment and investment property so they are measured and recognized at fair value. Read more...


Aug 19 - The transition to online processes by government authorities is enabling some businesses to accelerate business expansion projects and enter new markets. Read more...


Aug 18 - DFDL's reminder to file your CIT tax returns as well as the new Transfer Pricing disclosure form that is required for the first time by August 31. Read more...


Aug 17 - Baker McKenzie's Employment and Compensation Update highlights key changes in employment law across the Asia Pacific region. Read more...


Aug 12 - With risk expanding into social media and other digital vectors, physical security of a firm's data and assets remains the the central component of risk management, Kroll details. Read more...


Aug 11 - The Ministry of Labor has redefined force majeure to include hazards from the Covid-19 pandemic and published a new economic crisis regulation, Tilleke & Gibbins reports. Read more…


Aug 10 - With Covid preventing travel, the IRS has announced several international tax exemptions for taxpayers who have been forced into unfavorable situations, Hone Maxwell breaks it down. Read more... 


Aug 7 - PwC's Thailand Economic Crime and Fraud Survey 2020 provides extensive insight into the types of crimes that companies are at risk from and what most successful companies are doing to protect themselves. Read more...


Aug 6 - Deloitte gives details of the new excise tax relief measures to reduce costs for businesses during the Covid crisis and speed up economic recovery. Read more...


Aug 5 - As Nok Air's petition for business rehabilitation under the Bankruptcy Act was accepted, Chandler MHM writes about the updates and advises next steps for creditors and lessors. Read more...


Aug 3 - PKF Thailand covers the latest guidelines for foreigners with a Work Permit seeking to enter Thailand and provides a list of ASQ facilities. Read more...


Jul 31 - The Thai Customs Department has exempted goods in transit and transshipment through Thailand from the 30 day ship-out requirement, MPG details. Read more...


Jul 30 - Siam Premier reports on the Foreign Business Committee's proposal to relax the requirements on foreigners wanting to do business in Thailand. Read more...


Jul 29 - BakerMcKenzie's Global Covid-19 Real Estate Guide addresses some common questions that landlords and tenants are considering in this uncertain times. Read more...


Jul 24 - The Covid-19 crisis has impacted everyone in one form or another, this article from Tilleke & Gibbins touches on which losses may be covered by existing insurance policies. Read more...


Jul 23 - EY's recorded webcast discussing how to prevent, detect and respond to phishing and ransomware attacks in the age of Covid-19. Read more...


Jul 22 - Chandler MHM goes over the recently-permitted arbitration class actions in Thailand which are believed to reduce the cost and time for claimants. Read more...


Jul 21 - In this edition of Mazars Newsletter, they review general updates on Covid-19 measures announced across the Asia-Pacific region. Read more...


Jul 20 - In their latest legal update, DLA Piper discusses giving gifts to officials in Thailand and how to avoid the risk of inadvertently committing an act of bribery. Read more...


Jul 17 - Kudun & Partners addresses key considerations for companies planning to do their IPO Filing during and post the Covid-19 pandemic in Thailand. Read more...


Jul 16 - Royal decrees were published in the Government Gazette providing tax exemptions to corporate entities and individuals for charitable donations, training and employment, COVID-19 support, and environmental initiatives, MPG reports on this. Read more...


Jul 15 - TMF Group shares the rise of importance of tax directors in multinational companies as well as their risks during this period, and some elements to review to prepare for the post-pandemic. Read more...


Jul 14 - Aon discusses key observations on emerging trends in the Warranties & Indemnities insurance market as public markets react to Covid-19. Read more...


Jul 13 - This bulletin, produced by Linklaters, is intended to keep you up to date with rapid developments and enforcement practices relating to competition law in APAC. Read more...


Jul 10 - Pisut & Partners talks about the Ipso Facto Clause and its connection with the Thai law on bankruptcy reorganization proceedings. Read more...


Jul 9 - Tilleke & Gibbins touches on some debt settlement options and their tax consequences that creditors should make key focus. Read more...


Jul 8 - PKF Thailand provides details on the new regulations issued by the Royal Thai Police stating that property owners and hotel managers are required to submit the TM30 report only for the first time when the foreigner arrives at their premises. Read more...


Jul 7 - The cabinet has approved further amendments to the CCC in addition to the one approved on June 9, 2020, Chandler MHM explains. Read more...


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...

Updates from AMCHAM

From Amb. Tomwit Jarnson

Sept 18 - The Ministry of Finance has transferred 5,000 Baht in cash relief to all 15 million eligible citizens. However, some people have yet to receive the financial aid, as their bank accounts are not linked to the PromptPay service. Read more....


Sept 11 - The Bangkok Metropolitan Administration (BMA) has opened hot lines 1646 and 1669 for people in Bangkok to seek consultation with experts if they believe they are at risk  of becoming infected or believe they may have been infected with Covid-19. Read more....


Sept 3 - Phuket Model  

  • According to the Tourism and Sports Minister, Phiphat Ratchakitprakarn, the Ministry is reviewing international destinations that have been Covid-19 free for at least 28 days and is assessing demand for travel to Thailand. Read more....

Aug 28 - State of Emergency Extended

  • The Cabinet approved a one-month extension of the state of emergency to September 30 to control the Covid-19 outbreak. Read more....

Aug 14 - The BOI has launched the new 2020 campaign “Think Resilience, Think Thailand”, to showcase Thailand's resilience and to reinforce its status as the region’s prime investment destination. Read more....


Aug 7 - Groups Of People Allowed To Fly Into Thailand

  • The Civil Aviation Authority of Thailand (CAAT) has listed 11 groups of Thai and non-Thai nationals permitted to enter Thailand, effective from August 4. Read more....

July 31 - According to the Global Covid-19 Index (GCI), Thailand ranked first in the world out of 184 countries for its ongoing Covid-19 recovery effort. Read more....


July 24 - Visa Amnesty Renewed

  • The Cabinet approved the renewal of the visa amnesty for foreigners stranded in Thailand during the Covid-19 crisis. Read more....

July 17 -Exemption measures under review 

  • Prime Minister General Prayut Chan-o-cha apologized to the public and ordered concerned authorities to review privileges given to foreign diplomats and family members, and military delegations after an Egyptian soldier and the daughter of a Sudanese diplomat who tested positive were exempted from the quarantine. Read more....

July 10 - Thailand’s international quarantine status 

  • Despite no locally transmitted cases of Covid-19 for 45 days, Thailand is still designated as a “red light” country and Thais arriving in England will still be required to self-isolate for 14 days. Read more...

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

Return To Thailand Resources

Flights to Thailand

Cathay Pacific is operating repatriation flights from Los Angeles, San Francisco and New York to Bangkok on September 23, 2020.  Read more...


Need The Covid-19 Health Insurance? - Contact AMCHAM member companies who provide the 100,000 U.S. Dollars Covid-19 insurance. List of companies here…


Assisted State Quarantine

List of AMCHAM member hotels and hospitals offering ASQ:

  • Anantara Riverside Bangkok Resort has partnered with the nearby Bangpakok 9 International Hospital to offer a 15-day, government-approved quarantine package complete with world-class healthcare. Read more...
  • Mövenpick BDMS Wellness Resort Bangkok extends its ASQ program by popular demand: Book the "15 Day Healthwatch" package. Read more...
  • Bumrungrad International Hospital provides Alternative Hospital Quarantine (AHQ) and Alternative State Quarantine. (ASQ.  Read more...
  • Anantara Siam Bangkok Hotel is offering ASQ packages. Read more...
  • Asset World Corporation provides Alternate State Quarantine. Le Meridien Bangkok together with BNH Hospital are offering Alternative State Quarantine facility. Read more...

 


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


Member News

Standard Chartered Bank is hosting an ASEAN Country Webinar: Thailand - Resilient and Ready for Trade. Hear from a panel of international investment experts, who will share insightful information on trade and investment in Thailand to ensure serious investors won't miss this train of opportunities. Register here...

Date & time: Sept 16, 3 pm


Smart Build Tech Lab brings you an air purifying technology AtmosAir Solutions that is tested to reduce coronavirus over 99.9% in 30 minutes. Read more...


Kudun And Partners Appointed to Represents 87 Savings Co-operatives in Thai Airways’ Rehabilitation. Read more...


Zebra Technologies is hosting a 5-part webinar series to discuss rapid changes and uncertainties that are impacting major industries. Register for these webinars here...


American Airlines' HEPA Filters have been purifying cabin air since the 1990s. Read more...


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


Hungry? These F&B AMCHAM members deliver food to your doorstep!

 

 

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