Covid-19 Business Impact Update

In mid-January, Thailand was the second country globally to be impacted by the COVID-19 outbreak. Initially, the number of infected individuals grew at a comparatively low rate. In the past six weeks, there have been no reported cases of local transmission.

The Thai cabinet approved an extension of the Emergency Decree through to 31 August 2020 to prevent a possible second wave of the outbreak. It also introduced the fifth phase of the easing of lockdown measures, allowing more economic and social activities to take place, but keeping many health and public safety rules and regulations in place.

To assist you with your business decisions, we have addressed some of the key issues that many businesses are facing at the moment.

Keywords: Mazars, Thailand, COVID-19, Pandemic, Coronavirus, Tax, Audit, Accounting, Law, Labour, Business

Updated: 23 September 2020

In this update, we cover the following topics:

  • Employment Matters
  • Force Majeure and COVID-19
  • New Travel Provisions
  • Social Security Fund Measures
  • Tax Measures
  • Provident Fund
  • Board of Investment
  • Corporate Secretarial Matters
  • Accounting Matters

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Financial Advisory in light of covid-19

Mazars in Thailand has developed a Financial advisory taskforce which can assist your firm in the context of the Covid-19 outbreak and its consequences on your business environment. Whether you are Thailand or international firm active in Thailand, our advisors proposes your tailor-made solutions to support you in the following areas, contributing to the resilience, protection and continuity of your business.

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