Draft Notifications on Supplementary Regulations to the Trade Competition Act Open for Hearing

The Trade Competition Commission recently published draft notifications, which are to become supplementary regulations to the Trade Competition Act, B.E. 2560 (2017), pursuant to sections 17(2) and 17(3) of the Act which authorizes the Commission to issue subordinated legislation to implement the Act and impose guidelines on businesses to maintain free and fair competition. An online public hearing on the draft notifications has been held since 24 May 2018, and will be closed on 22 June 2018.

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Cryptocurrencies and ICOs Now Regulated in Thailand (law and draft regulations as of 10 June 2018)

Following the enactment of the Emergency Decree on the Digital Asset Businesses B.E. 2561  (A.D. 2018) and the Emergency Decree on the Amendment of the Revenue Code (No. 19) B.E. 2561 (A.D. 2018), which became effective on 14 May 2018, the Office of the Securities and Exchange Commission held a public hearing on the draft of related sub-regulations to be issued under the Digital Asset Businesses Decree on 16 - 30 May 2018. These sub-regulations are expected to be officially issued within June 2018.

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Forms and Methods to Notify Work Permit Officials for Foreign Employees Employed Before 28 March 2018

As discussed in our previous client alert, the recently amended Emergency Decree on Managing the Work of Aliens B.E. 2560 (2017) requires employers who have already employed foreigners with valid work permits before 28 March 2018 to notify a work permit official of the foreigners' names, nationalities and nature of work employed within 60 days from the effective date of the Amended Decree or by 26 May 2018. The details of the notification method have now been issued.

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New Significantly-Reduced Rates for Official Fees for Corporate Registration

The Ministry of Commerce has issued a ministerial regulation prescribing new rates of official fees for registration of partnerships and private limited companies, taking into account recommendation from the World Bank on the rates of official fees for corporate registration. The new regulation became effective from 21 April 2018 onwards.

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New Minimum Wage Rates for Skilled Workers

Further to our previous alert last month on the new minimum wage, which comes into force nationwide from 1 April 2018 onwards (link), the Cabinet recently approved the new minimum wage rates for skilled workers in 16 professional branches across four industry groups as proposed by the Ministry of Labour. The new Notification of the National Wage Committee on Wage Rates According to Skills Standards No. 7 (the "Notification") is expected to be published in the Government Gazette soon and come into force 90 days after its publication.

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National Legislative Assembly Approves Eastern Economic Corridor (EEC) Bill

In this series, Baker McKenzie will be bringing you frequent updates regarding the Thai government's Eastern Economic Corridor (EEC) scheme. Initially, Chachoengsao, Chonburi, and Rayong provinces in eastern Thailand have been chosen for the development of the EEC as traditionally they have been the hotbed of industrial development in Thailand and have ample access to the Gulf of Thailand. Currently, the EEC covers an area just over 13,000 km2.

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Thailand Legal Updates Summary 2017

We have summarized legal update in Thailand in 2017 and contributed to the journal “Shoho” of the Japanese Chamber of Commerce, Bangkok (February 2018).

The summary provides information on major amendment of laws in Thailand, including new Customs Act, Excise Tax Act, Relaxation in Foreign Capital Regulation, Investment Promotion, Employment, Governmental Bidding, Compliance related topics etc.

Please contact us for more information.

The Customs Notification on Appeal Procedure and Condition for Submission of the Appeal, Appeal Consideration, and the Request for the Stay of Duty Payment

The new Customs Notification No. 189/2560, issued under the new Customs Act (Customs Act B.E. 2560), was recently announced to amend the customs appeal procedure, submission of the excise tax appeal, appeal form, and timeframe for appeal consideration. This Customs Notification will also clarify the conditions, timeframe, and procedures of the consideration for approval on stay of duty payment requests, and to regulate the appeal process and stay of duty payment request process to be consistent with the new Customs Act.

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Updates to the Thai Personal Data Protection Bill: Data Processing and Legitimate Interest Concepts Added

Since our July 2015 update (available here), the 2015 draft Personal Data Protection Bill (the "2015 PDPB") was withdrawn by Cabinet Resolution and returned to the Ministry of Digital Economy and Society (the "MDES") for amendment. Now, after more than two years, a new draft Personal Data Protection Bill (the "New PDPB") has finally been drawn up and a public hearing has been scheduled from 22 January 2018 to 6 February 2018. Participation in this public hearing is now sought.

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