Legal Section - Doing Business
You will find here a series of summaries providing an overview of useful legal regulations, processes and legal issues for Doing Business in Thailand.
New criteria on arranging meetings via electronic devices
The Emergency Decree Regarding E-meetings, 2563 B.E. (2020), was issued and published in the Royal Gazette on 19 April 2020. This decree revokes the National Council for Peace and Order Announcement No. 74/2557 Regulating E-meetings dated 27 June 2014.
Responsibilities and Liabilities under the PDPA
The Personal Data Protection Act (“PDPA”), which will be fully effective 27 May 2020, imposes responsibilities and liabilities on those who are defined as a ‘Data Controller’ and a ‘Data Processor’. Therefore, it is necessary for your company to understand the roles of ‘Data Controller’ and Data Processor’, to establish personal data policies in accordance with the PDPA.
Filing financial statements and updated BOJ 5
On 4 December 2019, the Department of Business Development (“DBD”) issued guidelines on filing financial statements (“FS”) as of 31 December 2019 and shareholders’ list (BOJ 5).
Revised investment incentives in EEC
By virtue of the Investment Promotion Act, the Board of Investment (“BOI”) issued BOI Announcement No. 2/2020 on 15 January 2020, revising the investment incentives to be offered to private investors who conduct business in the EEC area, which covers three provinces: Chachoengsao, Chonburi, and Rayong.
Severance pay for employees on daily wages
Employees that receive their wages on a daily basis are entitled to severance pay when their employer terminates their employment, the same as full-time employees.