AMCHAM Daily Covid-19 Digest

Legal, Tax & Risk Updates

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...


May 13 - A further extension of the deadline for businesses to file their tax returns has been released by the Thai Revenue Department of the Ministry of Finance, MPG clarifies. Read more...


May 12 - In support of social distancing and working from home, legislative authorities issue the new e-arbitration rules, new online service for information search and document filing of cases (CIOS), and the postponement of witness hearings. Read more...


May 12 - This article from LawPlus summarizes the legislative measures passed by the Thai government to support investors, businesses and their employees affected by covid-19. Read more...


May 11 - Aon details practical guidance on how IT and security teams can work with remote employees to defend against the array of cyber threats that have emerged during covid-19. Read more...


May 8 - With the introduction of FATCA, most expat Americans have found that trying to avoid U.S. tax by investing offshore doesn’t work. Creveling & Creveling outlines the problems with offshore investing and some cases where owning an offshore fund makes sense. Read more...


May 7 - This MPG Legal Update illustrates the new rules and regulations that have been determined for power procurement from very small power producers in the Community Power Plant Project for the Local Economy. Read more...


May 6 - Fitch Ratings has moved its outlook on Thai non-bank financial institutions (NBFIs) into a negative operating environment factor, predicting a weak trajectory in performance over the credit cycle while underlining its key risks. Read more...


May 1 - Vriens & Partners provides a summary of the latest cabinet decisions in 7 ASEAN countries to alleviate the economic impact of covid-19. Read more...


May 1 - The European Council keeps Thailand on a watch list (i.e., greylist) of Non-Cooperative Tax Jurisdictions after deadlines were unfulfilled, DFDL explains. Read more...


Apr 30 - Baker McKenzie suggests 8 improvements to existing regulations in order to enhance Thai healthcare landscape and the current telemedicine efficiency. Read more...


Apr 29 - Stay updated on the tax policy changes governments around the world are making in response to Covid-19 with this EY Tax covid-19 response tracker. Read more...


Apr 28 - During these unprecedented times, airlines who lease aircrafts are hit hardest in the aviation industry. Tilleke and Gibbins illustrates the Thai law options for lessors to prepare for lessee defaults. Read more...


Apr 27 - DLA Piper has produced a global guide which provides insight into issues likely to impact businesses and the measures taken by 46 governments around the world. Read more...


Apr 24 - Copies of the Certificate of Origin form are temporarily permitted in order to proceed with Thai customs clearance. Mahanakorn Partners Group publishes an update on the subject. Read more...


Apr 23 - Companies are now permitted to hold board and shareholders meetings entirely electronically without attendants required to be in Thailand. Read more...


Apr 21 - ChandlerMHM reports on the two most recent ministerial regulations regarding compensation benefits for unemployed Thai nationals. Read more...


Apr 21 - Added benefits are being approved for the healthcare industry, says Thailand BOI. Baker McKenzie highlights briefly. Read more...


Apr 20 - Mahanakorn Partners Group writes on the third phase of joint measures to alleviate the direct and indirect effects of the coronavirus on the Thai economy. Read more...


Apr 17 - Ernst and Young provides a collection of their latest interviews focusing on the impact and importance of corporate resiliency during the covid-19 pandemic. Read more...


Apr 16 - An in-depth summary of Phase 1 Relief Measures from the Thai Cabinet, explained by Bangkok Global Law. Read more...

Apr 15 - The Department of Business Development recently announced that new companies or partnerships can submit both VAT registration application and incorporation application all at once. Tilleke and Gibbins breaks it down. Read more...

Apr 14 - During the outbreak of covid-19, it’s crucial for some companies to start looking at the various options for M&A or financing. DFDL highlights the legal angles firms should review during these unprecedented times. Read more..

Apr 13 - With twice weekly updates to the global heat map, Kroll covid-19 Index presents employers with predicted economic impacts to the viral outbreak across a range of locations and sectors. Read more...

Apr 9 - Mazars explains how Force Majeure is defined in Thai Civil and Commercial Code and how it can relate to covid-19. Read more...


Apr 8 - Updated government measures to ease pressure by covid-19 on both employers and employees to keep up financial obligations by Siam Premiere. Read more …

Updates from AMCHAM

From Amb. Tomwit Jarnson

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

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. 


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