MAZARS:COVID-19 Business Impact

In mid-January, Thailand was the second country globally to be impacted by the COVID-19 virus outbreak. Initially, the number of infected individuals developed at a comparatively low rate. However, in recent days, this has accelerated, and the government is actively implementing “social distancing” policies which are impacting our businesses. To assist you with your business decisions, we have addressed some of the key issues that many businesses are facing at the moment. In this update, we have selected the following topics: 

▪ Employment Matters 

▪ Work Permits and Visas 

▪ Social Security Fund Measures 

▪ Other Employment Matters 

▪ Tax Measures 

▪ Corporate Secretarial Matters 

▪ Accounting Matters 

On Tuesday, 24 March 2020, the government announced that it will declare an emergency decree and introduce new measures on Thursday. We will keep you informed as and when there are further updates. 

I trust this update is helpful for planning your short-term business action. If you have any additional questions, please don’t hesitate to contact us. 

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