The Netherlands-Thai Chamber of Commerce (NTCC), in collaboration with Mazars Thailand and in partnership with the Joint Foreign Chamber of Commerce in Thailand (JFCCT), the Belgian-Luxembourg/Thai Chamber of Commerce (BeLuThai), the Franco-Thai Chamber of Commerce (FTCC), the Thai-Norwegian Chamber of Commerce (TNCC), the Thai-Swedish Chamber of Commerce, and the SwissThai Chamber of Commerce, is delighted to invite you and your friends to join the "Breakfast Talk: Foreign-sourced income to become taxable from 2024".

Last month, the Director General of the Thai Revenue Department announced a departure from the previous ruling that foreign-sourced income was only taxable if the money was transferred to Thailand in the same year as it was earned. Unfortunately, the new ruling indicates that all foreign-sourced income will be taxable if remitted to Thailand, independent of the year it was earned. The interpretation change will apply to taxable income brought into Thailand from 1 January 2024 onwards. This has raised numerous questions in the foreign communities. Therefore, this breakfast session will clarify and explain more about this new rule and guidelines.

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Speakers

Jonathan Stuart-Smith is a tax partner at Mazars in Thailand. He brings with him a wealth of over 20 years of experience working in Asia, including Thailand, Japan, Singapore, and Hong Kong, advising companies on cross-border trade and investment. He specializes in international tax, transfer pricing, and transactions. He advises clients in most sectors and works with large corporations, funds, and entrepreneurs. He works with inbound clients on the tax implications of their trade and investment under local law and treaties, as well as outbound investors on the global tax implications of doing business across borders.

Naritsaporn Tanapoonsin has over 15 years of tax experience, with a wide range of tax services, including market entry strategies, M&A due diligences and structuring, tax-efficient reorganization, and tax advice on specific transactions. Her projects involved inbound and outbound investments. She has worked with clients in various sectors, including banking, financial services, insurance, technology, telecommunication, pharmaceutical & healthcare, real estate development, manufacturing, hospitality, energy & natural resources, e-commerce, trading, and services.

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Event details:

Date: Wednesday 25 October 2023

Time: 8:00-10:00 hrs.

Location: Conrad Bangkok Hotel

Ticket:

• NTCC & Co-Chambers Member: 950 THB
• Non-Member: 1,300 THB

Registration: https://app.glueup.com/event/90725/register/

Payment: We accept the bank transfer to the account of the Netherlands-Thai Chamber of Commerce.

A/C no.: 032-3-04771-5, Siam Commercial Bank, Asoke Branch

After the transfer, please send your pay-in slip to Khun May at accounts@ntccthailand.org.

Remark:

- A pre-registration and payment in advance are prerequisites.

- Cancellation 3 days before the event and payment will not be refunded.

- No-shows are not able to receive a refund or credit.