Grant Thornton uses cookies to monitor the performance of this website and improve user experience

To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.

Featured topics
Intelligent Business Hub
Structuring a Business for Tomorrow’s Economy
A company may ‘feel’ more complete when it has its own accounting, admin, HR, and marketing departments – and indeed, many (mostly larger) businesses do well under this format. But for most SMEs, these sizable sections of the company add no value to the product or to the consumer experience. On the contrary: They divert time, effort and attention away from the activities that generate actual profit for the business. There is a reason, after all, why businesses keep going back to the old saying: ‘Do what you do best, and outsource the rest.’
Human Capital Hub
Market Mapping: An Essential Strategy for Recruiting Success
Market Mapping provides a thorough, intelligence-based overview of talent availability in your industry, including potential candidates who are not actively searching for new positions. The database is not limited to skill-based metrics, but rather also takes into account the personality types of relevant candidates, and how well they are likely to fit in with your own company’s culture.
Tax Hub
CPTPP Revisited: Will Thailand still Join?
January 2019 marked the one-year anniversary of the inception of the US - China trade war. What started with the US increasing import tariffs on Chinese solar panels and washing machines, later spiralled into retaliatory and counter-retaliatory tariff measures between the two countries. Throughout much of 2018, the global business community looked on with apprehension as the two largest economies escalated their trade dispute, which, at its peak, tallied 360 billion USD in combined tariffs. At the close of 2018, the world breathed a sigh of relief when the US and China called for a temporary truce and agreed to resume trade negotiations.
IFRS Hub
Is Your Business Ready for the New TFRS 15?
A single Standard (TFRS 15) replaces IAS 18, IAS 11 and the numerous revenue-related Interpretations. It provides a single, principles-based framework that should improve comparability of revenue recognition across entities and industries, also filling in many of the existing gaps in the current TFRS revenue guidance (like multiple element arrangements and guidance on warranties). Finally, the new Standard will close the current disclosure gap.
Latest articles
TAX AND LEGAL CPTPP Revisited: Will Thailand still Join?
January 2019 marked the one-year anniversary of the inception of the US - China trade war. What started with the US increasing import tariffs on Chinese solar panels and washing machines, later spiralled into retaliatory and counter-retaliatory tariff measures between the two countries. Throughout much of 2018, the global business community looked on with apprehension as the two largest economies escalated their trade dispute, which, at its peak, tallied 360 billion USD in combined tariffs. At the close of 2018, the world breathed a sigh of relief when the US and China called for a temporary truce and agreed to resume trade negotiations.
TAX AND LEGAL Amendments of Labor Protection Act
The Labor Protection Act (No.7) has been officially published in the Royal Gazette on 5 April 2019, and will be in effect on 5 May 2019. The essentials of the amendments are set out in this article.
TAX AND LEGAL Revocation of tax incentives granted to ROH, IHQ and ITC companies
On 26 March 2019, the Cabinet approved draft Royal Decrees revoking all tax benefits granted by the Thai Revenue Department (“TRD”) to the following Board of Investment (“BoI”) regimes: 1. Regional Operating Headquarter (ROH); 2. International Headquarter (IHQ); and 3. International Trading Center (“ITC”)
CORPORATE CULTURE Keys to a healthy transformation of corporate culture in the digital world
Too often considered to be a medium-to-low priority, corporate culture affects everything about an organisation – from the way its over-arching goals, to its internal behaviour, to the types of interactions it creates with its customers. Moreover, corporate culture issues are primarily leadership issues, because the way senior management thinks and acts will always affect the mindset at other levels of the organisation.
CYBERSECURITY One size fits nothing
Today’s technology companies can learn something from Khevenhüller. They may not fear foreign conquerors, but they do face attack from malicious actors that are set on stealing their IP or the personal data they hold. They must identify the assets that are most important, consider the most likely lines of attack, and tailor a defensive strategy accordingly.
AUDIT A Pinch of Salt – Professional Scepticism in Auditing
If the numbers don’t seem to add up, or the receipts aren’t where they are supposed to be, many clients will have a logical explanation ready. But how much should they be taken at their word? And how should auditors handle situations where client representatives insist that a particular inconsistency is nothing to worry about? A healthy sense of scepticism is an essential asset for every responsible auditor, allowing them to shield their work against all sorts of corporate maneuvering. This approach indeed preserves much of the value of an independent audit.
STRATEGIC RECRUITMENT Market Mapping: An Essential Strategy for Recruiting Success
Market Mapping provides a thorough, intelligence-based overview of talent availability in your industry, including potential candidates who are not actively searching for new positions. The database is not limited to skill-based metrics, but rather also takes into account the personality types of relevant candidates, and how well they are likely to fit in with your own company’s culture.
WOMEN IN BUSINESS CHAMPION Kamonwan Wipulakorn on how Thailand is getting it right
In our Grant Thornton's global Women in Business campaign, Kamonwan Wipulakorn CEO of One Origin, a subsidiary of one of Thailand’s largest real estate developers Origin Property Pcl, explains Thailand’s progressive workplace culture.
STRATEGIC OUTSOURCING Structuring a Business for Tomorrow’s Economy
A company may ‘feel’ more complete when it has its own accounting, admin, HR, and marketing departments – and indeed, many (mostly larger) businesses do well under this format. But for most SMEs, these sizable sections of the company add no value to the product or to the consumer experience. On the contrary: They divert time, effort and attention away from the activities that generate actual profit for the business. There is a reason, after all, why businesses keep going back to the old saying: ‘Do what you do best, and outsource the rest.’