Newsletter Nr. 028D 

Legal Update Week 29 – 30

 

(July 2022 reading time approx.: 3 minutes)

 

Thailand Legal News

World Health Organization (WHO) declared “Monkey Pox” as a global health emergency (23 July 2022)

  • Due to the rapid spread of monkey pox in more than 75 nations, the WHO declared Monkey Pox to be a public health emergency of international concern (PHEIC).

 

*Remark: the difference between the pandemic and PHEIC is; the pandemic refers to “a situation that necessitates a coordinated international response and where the outbreak is possibly too huge to contain”, while the PHEIC refers to “a situation that has not necessarily spiraled out of control, but has the potential to do so”.

Sub-Committees of the National Broadcasting and Telecommunications Commission (NBTC) are considering whether to approve DTAC-True merger (25 July 2022)

  • The NBTC has appointed the sub-committees in these 4 areas; Consumer Protection and Civil Rights, Economics, Technology, and Legal, in order to consider the proposed DTAC-True merger deal. Currently, the sub-committees are still in the process of gathering information, and their findings will be presented at the NBTC Meeting on 3 August 2022. If the NBTC gives green light to this merger deal, the tender offer and the merger process are anticipated to be completed within this year.

 

Cabinet Resolutions
26 July 2022

Tax measure to promote Electric Vehicles (EVs):

  • The Cabinet has approved in principle on the Draft Royal Decree re: the Reduction of the Annual Tax for pure EVs in accordance with the law in relation to vehicle. In detail, the Department of Land Transport will only collect 20% of the normal annual tax rate (as specified in the Vehicle Act B.E. 2522) for EVs registered between 1 October 2022 and 30 September 2025 for a period of 1 year from the date of registration. For instance, a private car with less than 7 passengers and a maximum weight of 500 kilograms, will be subject to an annual tax of THB 30 (from the normal rate of THB 150).

This measure aims to incentivize the adoption of environmentally friendly EVs, lower carbon dioxide emissions, and stimulate the EV manufacturing industry.

https://www.thaigov.go.th/news/contents/details/57304 (item no. 1)

 

Government Gazette

Min. Reg. on Annual Fee Exemption for Factory Operator:

  • Factory operators will be exempted from annual fee payment for 1 year (from 10 June 2022 to 9 June 2023). In detail, the annual fee will only be waived for factory operators who operate Group 2 (factories with less than 75 horsepower and less than 75 workers) or Group 3 (factories with more than 75 horsepower and/or at least 75 workers) factories. The horsepower of the machines utilised in the factory determines the annual fee payment amount. For example, the factory operator would be exempted from paying THB 13,500 for the period as specified above, if the factory used machines with more than 3000 horsepowers but not more than 4000 horsepowers.

 http://www.ratchakitcha.soc.go.th/DATA/PDF/2565/A/045/T_0044.PDF

 Corporate Income Tax (CIT) Exemption for the purchase of Antigen Test Kit (ATK):

  • Royal Decree No.752 issued under the Revenue Code regarding tax exemption was published. The purpose is for CIT exempt for 50% of the expenses paid for COVID-19 ATKs purchased by the companies for their employees.

The exemption applies from 1 April 2022 to 31 December 2022.

http://www.ratchakitcha.soc.go.th/DATA/PDF/2565/A/044/T_0021.PDF

 

 

Contact us:
Lorenz & Partners

27th Floor, Bangkok City Tower, 179, S Sathorn Rd,
Thung Maha Mek, Sathon, Bangkok 10120
www.lorenz-partners.com
+66 (0) 2 287 1882

 

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