Thailand's National Assembly Approves New Transfer Pricing Law

Thailand's National Assembly (parliament) has approved the country's new transfer pricing law, which will be enacted once published in the Official Gazette and will apply from 1 January 2019. Some key points of the law include:

• The introduction of an annual transfer pricing disclosure requirement for information on related party transactions for the year, which is due by the annual tax return deadline by taxpayers with THB 200 million (~USD 6.1 million) in annual related party transactions (…