Insights

The new H1 2023 IBR is especially significant, as it indicates a clear expectation among business leaders of full-throated, post-pandemic growth across industries — a long-awaited development that had been delayed repeatedly in recent years amid geopolitical issues such as the war in Ukraine and the downturn of China, as well as new waves of infections.

Our CEO & Managing Partner, Ian Pascoe and Associate Director, Neetika Mutreja have published an article in INSOL World Q3 2023. They discuss the Central Bankruptcy Court's Restructuring Framework, practical hurdles that impair the efficacy of the framework, proposed amendments, and much more.

How can your business address the challenges of an ageing population and a shrinking workforce?

Transfer Pricing

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 worst injuries are often the ones that go undetected. In far too many cases, companies that report no fraud are simply unaware of the leakages inside their own area of operations, which tend to be significant in scope. The most recent edition of Report to the Nations: Occupational Fraud, by the Association of Certified Fraud Examiners, estimates that organisations lose 5% of revenue to fraud each year. While the median loss per case is USD 117k, the average loss is an eye-watering USD 1.78 million.

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.

Multinationals face significant challenges when setting up each new branch or subsidiary in a foreign country. Finding skilled, experienced local staff can be more difficult than many business leaders expect – and training them to fit in with the existing multinational company culture is no easy task either. An even bigger obstacle tends to be the varying regulatory environments at both the local and national scale where the new branch or subsidiary will open. In many cases, company headquarters will find itself unfamiliar with the regulations, licences, and application processes needed to operate in their new location. Failure to comply can seriously damage brand reputation, and lead to serious legal implications.

On 7 March 2023, the Cabinet approved in principle official plans for implementing Global Minimum Tax under the OECD BEPS – Pillar 2 regime. One of the assignments to the BOI was to provide relieve to the companies impacted by this Pillar 2 in Thailand

Thailand is one of over 135 countries that have endorsed international tax measures to be introduced by the OECD/G20, referred to as Base Erosion and Profit Shifting (BEPS) 2.0. The original BEPS Project identified 15 Action Items, including harmful tax practices and tax treaty abuse, which the Thai Government has addressed, the latter through implementing the multilateral Instrument. The latest package of BEPS rules is the two pillars in BEPS 2.0. and it is aimed at addressing the tax challenges of the digitalization of economies.

international business report

workshop

Doing business in Thailand

ai, automation

Grant Thornton Thailand cordially invites you to a highly interactive workshop on hyperautomation.