Day 2 - Maximising Shareholder Value

Panel discussion by The Revenue Department

Thailand tax, legal and customs updates

In today’s dynamic global tax environment, businesses need to stay agile and responsive to new regulatory developments. This session explores the latest tax updates, noteworthy rulings and significant business law changes that could substantially impact your strategies.

We’ll also cover recent punitive cases under the PDPA and nominee investigations conducted by the Ministry of Commerce and other government authorities. By understanding these evolving landscapes and adjusting your practices accordingly, you can ensure compliance and optimise your positioning.

We’ll also discuss how the recent Trump tariffs are impacting trade dynamics, with a specific focus on their effects on Thai exporters. You’ll get essential updates and insights, especially concerning reciprocal duties and origin verification. You’ll also gain a deeper understanding of the impacts, areas of concerns and actions Thailand has taken.

Join us to stay informed, prepared and strategically aligned with the upcoming changes in Thailand's tax and business law environment.

Keynote speech by Secretary General, Thailand Board of Investment (BOI)

Breakout session 1 (Please select session A or B)

Session A: Legacy to innovation: tracing the shift in Thailand’s transfer pricing audits

This session offers a thorough examination of Thailand’s transfer pricing audit journey—from its historical roots to its current dynamics. Initially, Thailand’s approach was shaped by fewer regulations, creating a landscape that lacked consistency. However, there have been transformative changes in recent years, as Thailand strives to meet international standards. This seminar will uncover how these efforts have reshaped audit practices, enhancing clarity and compliance.

Looking forward, the session will also explore emerging trends that are set to influence Thailand’s transfer pricing audits. Participants will gain insights into how domestic policy changes and global factors are expected to shape the future of these audits.

This session promises to be an invaluable resource for anyone keen to understand the ongoing developments and future direction of transfer pricing audits in Thailand.

Breakout session 1 (Please select session A or B)

Session B: From global reform to local solutions—lessons from Pillar Two implementation

International tax systems are transforming rapidly to implement global minimum tax rules (Pillar Two). Over 55 jurisdictions, including Thailand, have already enacted bespoke rules into domestic legislation. Despite recent news of the Pillar Two agreement amongst the G7 and challenges to Pillar Two in the EU, implementation continues to gain momentum. From what we’ve seen, jurisdictions are approaching the local adoption of the rules differently. Some have imposed early registration deadlines and advance payment filings. Some have adopted different calculation mechanisms for local top-up taxes. Many have yet to release any detailed guidance or local return forms. As these challenges mount, Thai companies that are part of multinational groups subject to these rules must future-proof their approach to financial reporting and tax compliance by understanding global developments and leveraging lessons learned locally.

Breakout session 2 (Please select session C or D)

Session C: Redefining your tax and customs audit strategies: navigate today’s challenges with insight and innovative strategies

Tax and customs audits have rapidly evolved with technology integration, allowing tax and customs authorities to broaden their strategies and maximise tax collection. Staying informed about audit practices and trends, and applying effective techniques, is increasingly important.

In this session, you’ll gain approaches on how to leverage insight in dealing with authorities, reduce your risk and enhance compliance levels. This seminar will be your first step to untangle the complications of today’s tax and customs audits.

Breakout session 2 (Please select session C or D)

Session D: Bridging the gap—tax governance in the age of connectivity

Businesses are navigating an increasingly connected world, making tax governance a vital component of their broader ESG strategies. This session explores how global developments are shaping the future of tax governance. We’ll highlight key development trends from leading jurisdictions and then turn our focus to Thailand to examine the potential directions and implications for local organisations. We’ll emphasise how technology can empower tax functions to enhance efficiency, transparency and alignment with good governance. Join us to discover how insights can be transformed into action in the age of connectivity.

Breakout session 3 (Please select session E or F)

Session E: Navigating non-compliance—lessons from past tax pitfalls

The rapid evolution of Thai taxation makes it increasingly challenging for business to remain compliant and successful. This seminar dives into certain tax pitfalls that have challenged compliance, and you’ll gain insights and strategies to address these issues head-on. We’ll explore BOI and other tax compliance issues and show you how to leverage the benefits without compromising regulatory requirements. By drawing on historical lessons, attendees will be equipped to manage compliance actively and drive organisational growth amid economic changes.

Breakout session 3 (Please select session E or F)

Session F: Understanding the MLI impact—practical approaches for businesses

The adoption of the multilateral instruments (MLI) has made getting benefits under tax treaties increasingly complex. In this session, you’ll gain practical insights into how your business can adapt to these changes and fortify its compliance profile. We’ll also examine various countries’ practices before and after implementing MLI, highlighting viable strategies as well as those no longer permitted.

Join us to understand the MLI’s effects and equip your business with the tools to successfully navigate this complex international tax environment.