The current global situation has the greatest impact on employer–employee relations. Employers are asking whether they should continue paying salaries when there is no work, or whether they should lay off staff. Employees, on the other hand, are asking what will happen if they are dismissed or sent home on unpaid leave without the ability …
Due to the spread of coronavirus, many companies in Thailand have entered a financial crisis, especially those providing tourism services or otherwise related to the tourism sector. In February–March, the government approved tax relief measures to support companies, primarily small and medium-sized enterprises (SMEs), aimed at reducing costs. Key tax relief measures: Reduction of withholding …
Many companies are closing their offices and allowing employees to work remotely from home online. But what should those do whose work has essentially disappeared due to the outbreak? What should business owners do with employees for whom there is no work? On Friday, the Social Security Fund approved the compensation amount for employees registered …
What are force majeure circumstances? Can coronavirus be considered force majeure? How is force majeure applied in contractual relations? Circumstances related to the coronavirus have affected many parties. Restrictions on cross-border movement, quarantine measures, and factory shutdowns all impact the performance of contractual obligations, both internationally and domestically. Laws and contracts typically provide liability for …
A pledge is commonly used as security for the performance of monetary obligations under a contract. Thai law provides a limited list of types of pledges and alternative mechanisms to protect the rights of a creditor. The main ones are as follows: 1. Pledge without transfer of possession A pledge agreement grants the pledgee the …
Pledge and Other Ways to Protect Your Rights Under a Contract Read More »
In December 2019, the Ministry of Interior announced changes to the implementation timeline of the Land and Building Tax Act. Government agencies did not have sufficient time to prepare for the enforcement of the law and the collection of the new tax. Tax payments will begin in August 2020. By the end of March 2020, …
Updated Information on the Land and Building Tax Read More »
Many thanks for organizing and filming to the team of Tom Yam Property Co., Ltd. We are pleased with the acquaintance and cooperation.
Our first closed training in Phuket. We would like to thank the team of Indreams Co., Ltd. for an excellent event!
Corporate trainings are events with the highest level of effectiveness. Many thanks to the team of Lemandom Co., Ltd. We are glad to cooperate with professionals of this level.
Peer-to-peer lending (P2P or person-to-person lending) is a method of borrowing and lending money between equal parties without the involvement of a bank or other financial institution. Loans are provided online through lending platforms and creditworthiness assessment tools. Does P2P lending exist in Thailand? P2P lending has been officially allowed in Thailand since 29 April …
