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Globally, women hold 32.0% of senior management positions in the tech sector, below the global average of 33.5%, and below other industries such as professional services (36.2%), asset management (35.5%), and healthcare (37.7%).
Last year, the Thai Revenue Department (“TRD”) issued Departmental Instructions No. Paw 161/2023 and Paw 162/2023 concerning foreign-sourced income. According to these instructions, any Thai tax resident with foreign-sourced income will be taxed in Thailand when such income is remitted into the country, regardless of when you remit it.
The legal division of the Thai Revenue Department (“TRD”) recently addressed whether a virtual office can be registered as a place of business for Value Added Tax (“VAT”) purposes.
We’ve all seen it: Companies coasting on past successes, telling themselves that they’ll start to push ahead in earnest once the economy gets better, and treading water in the meantime by focusing on modest incremental improvements in the products and services of which they used to be pioneers. They will have their reasons, and most will sound perfectly sensible when expressed and explained. But businesses should be extremely wary of all attempts to rationalise inaction, or deliver excuses rather than results. If an organisation’s key obstacles are not being aggressively addressed, the deeper problem is usually a lack of internal direction or urgency. Both of these are failures of leadership.
Our CEO & Managing Partner Ian Pascoe interviews our Director of Forensic Advisory Ashish Chaturvedi on the many benefits of a whistleblowing hotline, how to set one up, how to get your team to buy in, and much more in this video.
Collective Action Against Corruption in Thailand, CAC
The effective application of artificial intelligence, as we’ve argued at length elsewhere, has already begun to reliably distinguish forward-looking businesses from those still coasting on the momentum of previous successes. Of course, this level of operational advancement remains difficult to achieve, as the integration and scaling of AI solutions represent a long and complex journey — though it is well worth the investment when implemented skilfully.
transfer pricing regulations
Grant Thornton values the strength of the Thai healthcare industry and wished to capture market trends under Thailand and international healthcare environments.
As we enter the third year of this pandemic, many businesses have made the shift to a hybrid work model. The following tips can help your organisation embrace a successful and sustainable hybrid work model, to prosper throughout the remainder of this pandemic and beyond.
As Thailand is currently combating the deadly COVID-19 pandemic, life seems to come a full circle for many multinational corporations (MNCs). More than a year back, Thailand taxpayers with cross-border related party transactions were wondering how to set transfer pricing for their related party transactions amidst high business uncertainty caused by this once-a-century pandemic. After having battled a nearly two-year business uncertainty, the transfer pricing margin question has come back to haunt many of the Thai taxpayers.
As businesses look ahead to economic recovery in Thailand, some sectors have valuable lessons to learn regarding resilience and overall business strategy.
A share premium is a credited difference in price between the par value, or face value of shares, and the total value a company received for issued shares. You usually record the share premium as capital in the company’s balance sheet. Thus, you do not register the share premium in the company’s revenue and show it in the profit and loss account.
Because no two problems are identical, a one-size-fits-all service is not the ideal way out. Many issues can be adequately addressed only through carefully tailored solutions, adapted to the client’s own pain points. We find that these types of “out-of-the-box” services tend to exceed client expectations, while also remaining sensitive to their budgetary concerns. To illustrate how we guide our clients towards success, we share with you two different case studies, each beginning with its own set of problems.
Outsourcing lets businesses focus on their core operations, while letting specialists help with other responsibilities. Here we show how this approach can lead to major business improvements.