Creation of Special Tax Audit Unit under the Supervision of the General Department of Taxation
LEGAL SUMMARY
SUBJECT Creation of Special Tax Audit Unit under the Supervision of the General Department of Taxation
REGULATION AND OBJECTIVES OF SPECIAL TAX AUDIT UNIT
On July 16, 2024, the Cambodian Prime Minister signed into law Sub-Decree No. 160 ANKr.BK, establishing a special tax audit unit under the supervision of the General Department of Taxation (GDT) within the Ministry of Economy and Finance. This strategic move aims to address and expedite the resolution of various taxpayer challenges related to tax audits.
The creation of this specialized unit is expected to enhance the business and investment environment in Cambodia by streamlining the tax audit process and providing more efficient support to taxpayers. By addressing audit-related issues more promptly, the government hopes to foster a more transparent and predictable tax landscape, thereby boosting investor confidence and encouraging economic growth.
FUNCTION AND AUTHORITIES
The unit’s core responsibilities include managing and conducting tax audit operations in strict compliance with the applicable tax regulations, and adhering to the established guidebook on tax audit formalities and procedures for both tax officers and taxpayers under its jurisdiction, including conducting risk assessments and analyses to ensure that comprehensive audits are efficiently conducted only once per taxpayer. The unit is also responsible for preparing an annual tax audit plan and issuing notifications to enterprises that are subject to special tax audits.
Furthermore, the special unit is empowered to request the Director General of the GDT to review and resolve any outstanding issues that have not yet been settled by the GDT.
JURISDICTION
The unit’s jurisdiction will cover enterprises that have been awarded the gold tax compliance certificate, as well as other enterprises identified by a committee to be established by the GDT under the Ministry of Economy and Finance.
AUTHORS
Vicheka Lay, Partner
Tanadee Pantumkomon, Partner
Makara Um, Associate
Contact Detail: info@ilawasia.com
Commercial Advertisement of Alcoholic Products
IN BRIEF
On 23rd July 2024, the Ministry of Information issued the Prakas No. 084 PrK.Info, in order to determine the forms, procedures, and measures to govern the commercial advertisement of alcoholic products. Additionally, this Prakas also aims to guarantee social order, public welfare, reducing impacts on the economy, culture, tradition, as well as to promote fair competition.
This Prakas only covers commercial advertisement on alcoholic products with ethanol degree more than 3 percent of the quantity.
KEY PROVISIONS
Content Restriction: Anyone seeking to proceed with such commercial advertisement, they are required to obtain permission from the working group that governs commercial advertisement of alcoholic products.
Article 3 of the Prakas mentions the forms of commercial advertisement of alcoholic products that are unauthorized.
These non-authorizations include
- Any advertisement that attaches with untruthful description;
- Advertisement that intends to attract people to consume the alcoholic products, promote sexual capacities or other sexual attraction;
- Advertisement or propaganda on the event’s stage;
- Advertisement that targets under-aged people.
Location Limitation: It is banned all kinds and forms of advertisement that is less than 200 meters from educational institutions, health centers, religious institutions, historical-cultural resorts and international airport.
Target Limitation: The Prakas further bans advertisement via all kinds of television and radio between 18:00 to 20:00 pm. Pornographic and violent messages, advertisement targeting pregnant women and women that feeding children are all banned. Religious and cultural people, patients and pregnant women have to be respected by the advertisers.
Specific Authority: Application for permission to proceed with commercial advertising of alcoholic products could be submitted to the one-stop service mechanism of municipal-provincial administration (city, district, khan) after the request is approved by the working group governing the commercial advertisement of alcoholic products.
ENFORCEMENT AND PENALTIES
The Prakas gives three months to the individuals, businessperson, legal entities to apply for permission from the working group governing the commercial advertisement of alcoholic products. Penalties will apply for those that conduct the advertisement without permission.
AUTHORS
Vicheka Lay, Partner
Makara Um, Associate
Contact Detail: info@ilawasia.com
Top 50 Thailand IP Experts for the year 2024
Dr. Pollawat Suppattarasaet, IP Partner at ILAWASIA CO., LTD., has achieved notable recognition as one of the Top 50 Thailand IP Experts for the year 2024.
This acknowledgment further underscores his expertise and significant contributions to the field of intellectual property within Thailand.
Dr. Pollawat’s dedication and profound knowledge have consistently driven the firm’s success and have set a benchmark for excellence in the industry. His commitment to innovation and protecting intellectual property rights has been instrumental in advancing the IP landscape in Thailand.
We are proud to have Dr. Pollawat as part of our team and celebrate his remarkable achievement. His recognition as a top IP expert not only highlights his personal accomplishments but also enhances our firm’s reputation for delivering exceptional legal services.
Source: https://asiaiplaw.com/index.php/ip-expert/thailand/pollawat-suppattarasaet
#AsiaIP #IPExperts
Top 10 Trademark Firms in Thailand 2024, by Trademark Lawyer Magazine
ILAWASIA is honored to be ranked among the top 10 most well-respected law firms as one of the “Top 10 Trademark Firms in Thailand 2024.” This recognition was researched by CTC Legal Media and published in Trademark Lawyer Magazine, Issue 3 (2024), page 30.
For more details at : https://trademarklawyermagazine.com/wp-content/uploads/2024/07/TML0324_interactive.pdf
#TheTrademarkLawyer #tademarklaw #trademarks #IPlaw #IP
Asia Super 50 Disputes Lawyers 2024
ILAWASIA Co., Ltd. and AECCI Announce Strategic Partnership to Expand Legal Services for Exporters and Importers
Bangkok, Thailand – [2024, 16 July] – ILAWASIA Co., Ltd. is thrilled to announce a dynamic partnership with AECCI (Asian Exporters’ Chamber of Commerce and Industry), marking a significant milestone in our journey to provide specialized legal services to exporters and importers. This collaboration, led by our esteemed Managing Partner, Mr. Somphob Rodboon, is designed to extend our business reach and enhance our service offerings.
The strategic partnership with AECCI enables ILAWASIA Co., Ltd. to leverage combined expertise and deliver comprehensive legal solutions tailored to the unique needs of traders. Our joint efforts will focus on providing high-quality legal services in various domains, including corporate and commercial law, litigation, and alternative dispute resolution.
“We are excited about this partnership as it represents a significant step towards strengthening our market presence and enhancing the value we provide to our clients,” said Mr. Somphob Rodboon. “Together with AECCI, we are committed to offering exceptional legal support to help businesses navigate the complexities of international trade.”
This collaboration underscores ILAWASIA Co., Ltd.’s dedication to fostering growth and delivering unparalleled legal services to the global trading community. We look forward to a fruitful partnership with AECCI and the positive impact it will bring to our clients.
About ILAWASIA Co., Ltd.:
ILAWASIA Co., Ltd. is a leading law firm based in Bangkok, Thailand, specializing in business and international law. With a strong focus on corporate and commercial law, litigation, and alternative dispute resolution, we provide tailored legal solutions to meet the diverse needs of our clients.
About AECCI:
AECCI is a premier business organization dedicated to supporting exporters and importers with a range of services aimed at facilitating international trade. Through strategic partnerships and a commitment to excellence, AECCI helps businesses thrive in the global marketplace.
Contact Information:
For media inquiries, please contact: info@ilawasia.com
For more information about ILAWASIA Co., Ltd., please visit https://ilawasia.com/
For more information about AECCI, please visit https://www.aecci.org.in/collaboration-Thailand/
Three ILAWASIA Partners Recognized in WIPR Leaders 2024.
Somphob Rodboon, Managing Partner, ILAWASIA ; and Pollawat Suppattarasaet, Dr., IP Partner and Patent Agent, ILAWASIA; and Vicheka Lay, Partner, ILAW Cambodia Law Office.
WIPR Leaders is a one-stop guide to the leading IP practitioners in the world. The handbook lists over 2000 lawyers across patent, trademark, and copyright practices.
Following an extensive nomination period, the research team vetted the nominated lawyers for suitability by exploring their work by looking at practice history, industry expertise and notable cases, as well as additional activities, which have allowed the lawyers to shape and influence other and future IP practitioners.
#WIPR #WIPRLeaders #WIPRLeaders2024
ILAWASIA is one exhibitor at Thailand Franchise Show 2024.
ILAWASIA is one exhibitor at Thailand Franchise Show 2024.
ILAWASIA is excited to exhibit at the Thailand Franchise Show 2024 from July 11-14 at BITEC Bangna, EH104 Hall.
This prestigious event is a fantastic opportunity to connect with industry leaders, network with fellow professionals, and explore the latest trends in the franchise sector. We look forward to showcasing our services and expertise to help businesses thrive and expand. Visit our booth U17 to learn more about how ILAWASIA can support your franchise journey.
Join our Partner, Tanadee Pantumkomon, and Rachit Chairat, CEO of CNG Group & Accrevo, for an insightful session on ‘Get Ready To Joint Venture and Business Acquisition’ this Saturday, July 12th, from 4 PM onward.
Join our IP Partner, Pollawat Suppattarasaet, as the lead host for a panel discussion on the topic “การสร้างแบรนด์ไทย ปังไกลถึงต่างชาติ : Building a Thai Brand to Go Global.”
The event will feature distinguished speakers: Assistant Professor Paphakorn Pittayachaval, Ph.D., Chief of the Regional Science Park, North East 2, and Thanapong Vongchinsri, creator of the Torpenguin Facebook page and author of the book “Feasibility Study.”
The discussion will take place this Saturday, July 13th, from 5 PM onward at the Thailand Franchise Show 2024, BITEC Bangna, EH104 Hall.
RSVP: https://eventpassinsight.co/el/to/TFBO2402
#TFBO #TFBO2024 #งานแสดงแฟรนไชส์2567
MOU Ceremony, made by Dr. Pollawat
On July 8, 2024, Dr. Pollawat Suppattarasaet, an IP Partner at ILAWASIA and President of the Legal Development and Assistance for SMEs Committee of the Federation of Thai SMEs, attended the signing ceremony of a cooperation agreement (MOU) with Assoc. Prof. Dr. Thanaphat Patchim, Dean of the Suan Dusit School of Law and Politics. The agreement focuses on organizing curriculum in dispute mediation and other areas of law.
Seminar on "Guidelines for Intellectual Property Protection for New Technology"
On June 26, 2024, Pollawat Suppattarasaet, an IP Partner, attended the Seminars and Exhibitions on the Commercialization of Intellectual Property Works at Burapha University.
Pollawat served as a speaker on the topic “Patent Procedures and IP Protection Guidelines for Modern Technology.”