Insights

Flattening your organisational structure creates greater operational agility while improving staff morale and ownership.

Diversity, equity, and inclusion (DEI) are more than just policies and marketing tools. They are quickly becoming a top priority for organisations of all types and sizes, as companies that embrace DEI outpace their competitors and perform better as a result of integrating DEI principles as part of their core DNA.

Early this year, Thailand has signed and deposited its instrument of ratification of the MLI which now covers over 1800 bilateral tax treaties. This is a strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by MNEs. The convention will enter into force from 1 July 2022.

On 20 June 2022, the government published four notifications (“Notifications”), which are supplementary to the Thailand’s Personal Data Protection Act 2019 (“PDPA”). The Notifications set out the legal definition, rules, criteria, and conditions for several key terms relating to the PDPA including penalties for non-compliance to PDPA. Provided below are the significant points of the Notifications:

As companies adapt to a fractured and uneven recovery post-COVID recovery period, those that integrate best practices in sustainability will lead the way.

Grant Thornton values the strength of the Thai healthcare industry and wished to capture market trends under Thailand and international healthcare environments.

The Personal Data Protection Act (“PDPA”) came into full effect on 1 June 2022 and its ramifications are extensive.

The Country-by-Country reporting notification must generally be filed as soon as possible and no later than 12 months after the last day of the accounting year.

Thailand would still be unable to return to its pre-COVID economic trajectory. The problem boils down to simple demographics. Thailand, like a number of other countries, is currently undergoing a pair of developments whose implications are hugely underappreciated.

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.

Company culture is more than just an abstract concept – it can retain talent as well as clients. Here we show some of the key components that constitute a strong company culture.

This tax news will be of interest to: Thai tax entities with a total annual revenue of more than THB 200 million, which have also had transactions with related companies

The Thai government has been developing a new long-term resident visa programme as part of an effort to improve the country’s position as a hub for skilled professionals, and a residence destination for high net-worth individuals. The programme is expected to comprise four new classes of long-term resident visas: (1) professionals living in Thailand but working for an overseas employer, (2) highly skilled professionals employed in Thailand, (3) high net-worth persons, and (4) high net-worth retirees.

Grant Thornton in Thailand summarises and analyses the International Business Report for H2-2021 on a global, Asia-Pacific, and Thailand level.

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.

Grant Thornton’s upcoming International Business Report (IBR) will be the most consequential report of its kind in recent memory. As the world's leading mid-market business survey, the IBR acts as a barometer for the private sector, reflecting the current business outlook as it appears from the inside. With widespread vaccine distribution allowing much of the world to finally reach the light at the end of the pandemic tunnel, the coming IBR will sketch the first complete picture of what the landscape looks like on the other side.