Insights

Transfer pricing disclosure form in Thailand may be complex, but serious penalties await companies that fail to meet government requirements. Here we provide some of the details on how these disclosure form works.

For business to succeed, trustworthy local connections are needed to navigate laws and regulations in the relevant area. Outsourcing provides the best access to the necessary expertise.

This newsletter provides an update on Thailand’s Country-by-Country Reporting regulations involving various business circumstances, for accounting periods beginning after 1 January 2020.

This article explains how business process optimisation and robotic process automation can help businesses of all types and sizes increase their efficiency.

Faced with financial difficulties, businesses may be tempted to continue to handle their support functions in-house. But as we argue here, the more sensible option is to outsource non-core activities.

Thailand’s business leaders once again show modest, but increasing, levels of business confidence when compared with their counterparts across APAC and around the world, according to Grant Thornton’s global research for H2 2020. The study also reveals especially high levels of economic uncertainty, along with the widespread belief that the Thai government could play a greater role in the country’s economic recovery moving forward.

Grant Thornton’s global research reveals that the business confidence among company leaders in APAC stands at 62%, a remarkably high total for a region that has been badly affected by the slowdown in international travel. This total is 6 percentage points higher than in H2 2019, and a full 15 percentage points above H1 2020 levels. The high level of confidence is especially notable because the same group of respondents also predicted a worsening of several key business constraints over the coming 12-month period.

H2 2020 brought significant improvements in business confidence around the world, according to Grant Thornton’s global research. The change includes a 14% rise in global business confidence over the corresponding H1 2020 totals, alongside double-digit increases in several related categories. Survey respondents from across the business world likewise indicated their intention to increase investment across multiple areas over the next 12 months.

As a new and unpredictable decade dawns, the business world looks forward with its optimism largely intact, according to Grant Thornton’s latest International Business Report (IBR). Leaders in mid-market companies around the world delivered an average optimism score of 59% in H2 2019, a rise of 3% over the first half of the year. This modest improvement is an encouraging contrast to the two consecutive declines that preceded it, although there remains a long way to climb before reaching H1 2018’s high of 69% global optimism.

In a world shaped by COVID-19, agility differentiates the winners from everybody else. Here we describe the concrete steps that Grant Thornton has taken – and you too can take – to stay on a profitable pathway in this new climate.

Businesses need a clear plan of action to regain momentum in a COVID-19 world. Here we present six recommendations to help you embrace agility and business success in an uncertain future.

Strategy, loans, and formal protection can help businesses adapt to the new normal under COVID-19 – leading to a far more successful overall recovery.

New technology will be an essential component of COVID-19 recovery, but effective leaders must also empower their people.

Entities must consider the implications of TFRS 15 when accounting for revenue generated from contracts with customers during COVID-19.

Thailand’s visa rules create major inconveniences for certain categories of foreigners. As a provider of Thai business advisory services, we explore these issues and suggest ways to fix the situation.

The Ministry of Commerce recently withdrew its endorsement of Thailand joining the CPTPP over concerns that the trade deal may harm farmers.