ARTICLES & RESEARCH

New Tax Incentives for Thai businesses

The Thai Cabinet has approved new tax incentives for companies which register with the One Book accounting system.
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Press Release: Managing Director to retire

Bangkok – 1st April 2016: Graham Macdonald MBE, MBMG Group co-founder and Managing Director, has confirmed his previously stated plans to retire from the Group at the end of May.
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Thailand: Changes to Personal Income Tax and Corporate Taxes

In mid-April, the Thai cabinet approved a restructuring of personal income tax, which will come into force for the 2017 tax year.
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New Work Permit Rules - make sure you're on the right side of the law

Clearing up some confusion in the new work permit laws.
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Thai government homes in on Thai nominees

Thailand’s Ministry of Commerce has announced plans to focus on 10 key business sectors in looking for breaches of the Foreign Business Act.
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Thailand Tax Changes

There have been a number of changes to Thailand’s economic and business environment since the current government took power last May; not least in the area of taxation. Here is a quick guide to some of the major changes, proposed or implemented.
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IHQs & ITCs: New incentives for Thailand or just a change of letters?

On 1st May a Royal Decree was published, implementing incentives for companies establishing their international headquarters (IHQ) and international trading centres (ITC) in Thailand. The idea behind the scheme is to attract businesses to establish their headquarters or a trading hub in Thailand, thus bringing more tax revenues, skilled jobs and know-how to the Land of Smiles.
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Obtaining a resident’s permit or visa in Thailand

With the Thai government making several announcements regarding residents’ visas over the past few months, MBMG Group’s Legal Team believes now is an opportune moment to explain the different types of permit or visa.
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Thai Investment Visa could be key to long stay

Amidst all the brouhaha surrounding the proposed changes to the Foreign Bussiness Act(FBA), and before that the changes to short-term touristvisa rules, one important development could easily be overlooked: the long-term investment visa.
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Press Release: MBMG Group Joins GGI Geneva Group International

Bangkok, 21st April 2015 – MBMG Group is pleased to announce that it is now a member of the invitation-only GGI Geneva Group International, the largest global multidisciplinary alliance of independent accounting, audit, law and consulting firms.
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Compulsory e-filing for Audited Financial Statements

The Thai Department of Business Development (DBD) rolled out its DBD e-filing system on 4th September.
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Thai Authorities crack down on ‘Visa Runs’

The Thai government has officially announced that it is cracking down further on expats who regularly extend their stay in the kingdom by going on visa runs.
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BoI’s Schemes Change along with its Priorities

For a number of years there have been plans at the Board of Investment (BoI) to change its criteria for the kind of business it wishes to assist.
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The Legacy Drawer Part 4 – What Happens if You Die Without a Will?

Thinking about death is not a pleasant pastime; reflecting on our own mortality even less so. Yet it’s something we must all do, to avoid unnecessary complications for our loved ones when we die.
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Expiring Passports: Changes to Thai Immigration Regulations

The Thai Immigration Bureau has issued new regulations with immediate effect concerning the duration period of a visa in the case that a passport is expiring. The rule also covers the transfer of visas from old passports to new passports.
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American Taxpayers Renouncing Liabilities in Great Numbers

The number of US taxpayers renouncing their citizenship or permanent-resident status reached a new high in Q2 of 2013. The figure of 1,130 people who the IRS listed as renouncing their status is two-thirds higher than the previous recent high, set in Q1 of 2013 and six times higher than Q2 of 2012. It is also the largest number since 1997.
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Are International Bank Accounts Really Worthwhile?

It seems that reading a newspaper or accessing a website would not be complete nowadays without the appearance of an advertisement for an international bank account.
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