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Articles by Kobkit Thienpreecha
Thailand Issues New Credit-Term Rules For Large Purchasers From SMEs
On October 2, 2026, the Trade Competition Commission of Thailand (TCCT) issued a new notification on fair trade practices concerning credit terms where large businesses, including large wholesale and retail businesses, purchase goods or services from small and medium-sized enterprises (SMEs). The notification will take effect on November 2, 2026. The new notification follows continued complaints from SMEs in Thailand about large businesses’ noncompliance with existing credit-term rules.
Thailand Proposes Competition Settlement Reforms
On September 23, 2026, the Trade Competition Commission of Thailand (TCCT) launched a one-month public consultation period on a proposed notification that would overhaul how antitrust offenses under the Trade Competition Act B.E. 2560 (2017) are settled and penalized. The draft notification would replace the existing 2019 settlement framework with more detailed procedures, introduce offense-specific methods for fine calculation, and add tiered deterrence multipliers.
Thailand Seeks Comments On Proposed Merger Control And Market Dominance Rules
On September 22, 2026, the Trade Competition Commission of Thailand (TCCT) opened a one-month public consultation period on proposed amendments to three key competition regulations, covering (1) the criteria for determining market dominance, (2) the definition of “monopoly” under Thailand’s premerger approval regime, and (3) the definition of a merger that may substantially lessen competition under Thailand’s postmerger notification regime. The public hearing period closes on October 21, 2026.
Thailand Seeks Input On Competition Guidelines For Digital Platforms, Modern Trade, And On-Demand Delivery
Tilleke & Gibbins are most popular: within Cannabis & Hemp, Government, Public Sector and International Law topic(s) in China On July 31, 2026, the Trade Competition Commission of Thailand (TCCT) launched a one-month public consultation period on proposed regulatory guidelines for competition in three business segments: (1) digital platforms; (2) modern trade and credit terms; and (3) ride-hailing and on-demand delivery, including food delivery and mart/quick commerce.
Bank Of Thailand’s Cash, Gold, And Digital Asset Controls Combating The Grey Economy
Tilleke & Gibbins are most popular: within Cannabis & Hemp, International Law and Consumer Protection topic(s) in Asia On July 11, 2026, media reports conveyed key messages from Bank of Thailand (BOT) Governor Vitai Ratanakorn’s announcement of a sweeping regulatory crackdown on grey capital activities. The measures target high-value cash transactions, gold trading, and stablecoin flows, with new requirements set to take effect in the fourth quarter of 2026.
Thailand Intensifies Competition Enforcement In Specific Sectors
Kobkit Thienpreecha’s articles from Tilleke & Gibbins are most popular: within Antitrust/Competition Law topic(s) in Asia in Asia with readers working within the Chemicals industries Tilleke & Gibbins are most popular: within Antitrust/Competition Law, Cannabis & Hemp and International Law topic(s) On July 7, 2026, the Trade Competition Commission of Thailand (TCCT) issued a press release announcing the establishment of two new subcommittees designed to intensify oversight of digital...
Thai Cabinet Advances Draft Amendments To Liberalize Nine Foreign Business Activities
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 250 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia.
Thailand Issues New Competition Guidelines For Multi-Sided And E-commerce Platforms
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 250 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia.
Thailand Adds Digital Asset Operators To Institutional Investor Definition
Tilleke & Gibbins are most popular: within Cannabis & Hemp, International Law and Transport topic(s) Thailand's Securities and Exchange Commission (SEC) has broadened the definition of institutional investors, expanded the types of qualifying investments, and updated financial qualification thresholds for various investor categories through a revised notification on the definitions of institutional investors, ultra-high net worth investors, and high net worth investors.
Thai SEC Heightens Enforcement Against Cross-Border Digital Asset Platforms
Tilleke & Gibbins are most popular: within Cannabis & Hemp, International Law and Employment and HR topic(s) Thailand's Securities and Exchange Commission (SEC) has filed a criminal complaint against a licensed digital asset broker, its overseas trading platform, and its executives for allegedly operating an unlicensed digital asset exchange targeting Thai customers.
Thailand's Competition Law: What To Watch In The Year Ahead
Kobkit Thienpreecha’s articles from Tilleke & Gibbins are most popular: in Asia in Asia Tilleke & Gibbins are most popular: within Cannabis & Hemp and International Law topic(s) The past year has been an important one for the Trade Competition Commission of Thailand (TCCT).
Thailand Invites Feedback On Draft Rules For Advance Competition Decisions
Kobkit Thienpreecha’s articles from Tilleke & Gibbins are most popular: in Asia in Asia Tilleke & Gibbins are most popular: within Cannabis & Hemp and International Law topic(s) On February 4, 2026, the Trade Competition Commission of Thailand (TCCT) released a draft notification outlining updated criteria and procedures for requesting advance decisions under section 59 of the Trade Competition Act (TCA). This draft is now open for public comment through the TCCT website until March 5, 2026.
Thailand Prepares Startup Promotion Act To Unlock Fundraising And Support
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 250 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia. Thailand is taking steps to energize its startup scene by drafting the Startup Promotion Law. Thailand Corporate/Commercial Law
Thailand To Allow Tokenization And Trading Of Carbon Credits
Thailand's Securities and Exchange Commission (SEC) has amended its digital asset regulations to permit the offering, trading, and provision of services related to tokenized environmental commodities by licensed digital asset exchanges, brokers, and dealers. This regulatory development is aimed at facilitating Thailand's green economy and net-zero goals while diversifying the products available in the regulated digital assets market.
Thailand Seeks Comments On Draft Trade Practice Guidelines For E-commerce
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 190 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia.
Thailand Invites Stakeholder Feedback On Credit Term Guidelines
On July 3, 2025, the Trade Competition Commission of Thailand (TCCT) officially announced an invitation for stakeholders to participate in a public survey to gather feedback on the flexibility and appropriateness of credit terms across different business sectors for goods and services. The TCCT initially introduced guidelines on unfair trade practices related to credit terms applicable to small and medium-sized enterprises (SMEs) in 2021, with amendments following in 2022.
Thailand Developing Competition Guidelines On Unfair Trade Practices In E-Commerce
On May 21, 2025, the Trade Competition Commission of Thailand (TCCT) published a press release signaling heightened regulation of digital platforms in response to the influx of products from foreign countries being sold in Thailand via e-commerce platforms.
Thailand To Regulate Offshore Digital Asset Businesses
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 190 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia. On April 12, 2025, Thailand issued an amended digital asset regulation that covers offshore digital asset businesses providing services on a cross-border basis to Thai users.
Thailand To Add USDT And USDC To Approved Cryptocurrencies List
Thailand's Securities and Exchange Commission (SEC) will officially add USD Coin (USDC) and Tether (USDT) to its list of approved cryptocurrencies for use in digital asset transactions on March 16, 2025. The addition is a significant move that expands Thailand's digital asset market, aiming to enhance market flexibility and provide more payment options for investors and traders in Thailand's digital asset ecosystem.
Thailand to Add USDT and USDC to Approved Cryptocurrencies List
Thailand’s Securities and Exchange Commission (SEC) will officially add USD Coin (USDC) and Tether (USDT) to its list of approved cryptocurrencies for use in digital asset transactions on March 16, 2025. The addition is a significant move that expands Thailand’s digital asset market, aiming to enhance market flexibility and provide more payment options for investors and traders in Thailand’s digital asset ecosystem.
Thai SEC Primed to Allow Digital Asset Investments by Funds
Following the U.S. Securities and Exchange Commission’s approval of spot Bitcoin ETFs, Thailand’s Securities and Exchange Commission (SEC) is reassessing regulations on the investments of mutual funds and private funds (collectively “Funds”). The SEC has launched a public consultation on new draft notifications introducing the new asset classes that can be held by Funds, and aims to bring these rules into effect on January 1, 2025. The highlights of these changes are set out below.
Corporate/Commercial Law
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 190 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia. This document provides an updated list of all Thai statutes that deal with liability of corporate directors and officers.
Thailand Updates Requirements for Digital Asset Business Governance and Exchange Rules
Thailand’s Securities and Exchange Commission (SEC) has revised its regulations on digital asset operators and exchanges to impose stricter governance standards on digital asset business operators and to align digital asset exchange rules with international standards. The new regulations are laid out in SEC Notification No. GorThor. 23/2567 on the Criteria, Conditions, and Procedures for Operating a Digital Asset Business (No. 24) and SEC Notification No. GorLorThor.
Thailand SEC Amends Supervisory Framework for Ready-to-Use Utility Tokens
Thailand’s Securities and Exchange Commission (SEC) amended its utility token supervisory framework by issuing seven notifications that came into effect on August 13, 2024. Ready-to-use utility tokens (tokens that can be used immediately to acquire specific goods or services), which were previously unregulated, are now subject to the supervisory scheme set forth by the seven new notifications in both primary and secondary markets.
Thailand Issues Notifications On Sustainability-Related Tokens
TG Tilleke & Gibbins More Tilleke & Gibbins is a leading Southeast Asian regional law firm with over 190 lawyers and consultants practicing in Cambodia, Indonesia, Laos, Myanmar, Thailand, and Vietnam. We provide full-service legal solutions to the top investors and high-growth companies that drive economic expansion in Asia. On June 1, 2024, Thailand's Securities and Exchange Commission (SEC) issued four notifications amending existing regulations to recognize sustainability... Thailand Technology
Developments In Thailand's Draft Climate Change Law
On February 14, 2024, Thailand's Department of Climate Change and Energy (DCCE) began holding public hearings on the draft Climate Change Act, which is being developed to help the country achieve its commitments under the Paris Agreement. These hearings, held throughout the country, are expected to be completed by the end of March 2024. Key features and developments of the draft Climate Change Act are outlined below.
Developments in Thailand’s Draft Climate Change Law
On February 14, 2024, Thailand’s Department of Climate Change and Energy (DCCE) began holding public hearings on the draft Climate Change Act, which is being developed to help the country achieve its commitments under the Paris Agreement. These hearings, held throughout the country, are expected to be completed by the end of March 2024. Key features and developments of the draft Climate Change Act are outlined below.
Thailand Releases New Draft Liability For Defective Goods Act
The Thai government has released an updated draft Liability for Defective Goods Act after the Office of the Consumer Protection Board completed its second round of public hearings on the law in December 2023. The draft law sets out a new liability regime for different types of goods, and is being drafted in response to concerns over inadequate protection for buyers and the current lack of clear liability regulations for defective goods.
Company Directors In Thailand: Guidelines And Q&A On Duties And Liability
Under Thailand's Civil and Commercial Code (CCC), private limited companies are managed by one or more directors under the control of a general meeting of the shareholders. Directors have two primary roles: Decision-making, which is typically exercised by voting at meetings of the board of directors on matters requiring the board's resolutions; and Overseeing the performance of the management, which includes setting goals, policies, and strategies, and proving guidance and instructions.
Thailand Releases New Draft Liability for Defective Goods Act
The Thai government has released an updated draft Liability for Defective Goods Act after the Office of the Consumer Protection Board completed its second round of public hearings on the law in December 2023. The draft law sets out a new liability regime for different types of goods, and is being drafted in response to concerns over inadequate protection for buyers and the current lack of clear liability regulations for defective goods.
Thailand Requires Electronic Platforms To Report Income From Business Operators
Thailand's Revenue Department (RD) has issued a notification requiring electronic platforms to report their revenue from business operators on their platform. With this information, the RD intends to track business operators' income from the sale of goods and services through electronic platforms in order to facilitate accurate and efficient tax collection. The notification, which was enacted on December 27, 2023, took effect on January 1, 2024.
Thailand Requires Electronic Platforms to Report Income from Business Operators
Thailand’s Revenue Department (RD) has issued a notification requiring electronic platforms to report their revenue from business operators on their platform. With this information, the RD intends to track business operators’ income from the sale of goods and services through electronic platforms in order to facilitate accurate and efficient tax collection. The notification, which was enacted on December 27, 2023, took effect on January 1, 2024.
Thailand SEC Implements New ICO Regulations
Thailand's Securities and Exchange Commission (SEC) has updated its regulations regarding public initial coin offerings (ICOs) that exhibit debt-like or infrastructure-backed characteristics. These new regulations are set to transform the landscape for digital fundraising, ensuring enhanced investor protection and risk mitigation. The introduction of these regulations is a major move toward cultivating a more transparent and secure digital token market in Thailand.
Thailand SEC Implements New ICO Regulations
Thailand’s Securities and Exchange Commission (SEC) has updated its regulations regarding public initial coin offerings (ICOs) that exhibit debt-like or infrastructure-backed characteristics. These new regulations are set to transform the landscape for digital fundraising, ensuring enhanced investor protection and risk mitigation. The introduction of these regulations is a major move toward cultivating a more transparent and secure digital token market in Thailand.
Thailand Embraces Polluter-Pays Principle As New Regulation On Industrial Waste Takes Effect - Waste Management - Thailand
Thailand's Ministry of Industry (MOI) has issued a notification adopting the polluter-pays principle for generators of industrial waste in factories.
Thailand embraces Polluter-Pays Principle as New Regulation on Industrial Waste takes effect
Thailand’s Ministry of Industry (MOI) has issued a notification adopting the polluter-pays principle for generators of industrial waste in factories.
Prior Income Exempt From New Rule On Offshore-Sourced Income
Thailand's Revenue Department has issued an order clarifying its recent order imposing personal income tax (PIT) on the offshore-sourced income of Thailand tax residents whenever it is brought into Thailand. The clarifying order, which was issued on November 20, 2023, confirms that the new rule will not apply to offshore-sourced income earned before January 1, 2024, which is the date the order comes into effect.
Thailand: Prior Income Exempt from New Rule on Offshore-Sourced Income
Thailand’s Revenue Department has issued an order clarifying its recent order imposing personal income tax (PIT) on the offshore-sourced income of Thailand tax residents whenever it is brought into Thailand. The clarifying order, which was issued on November 20, 2023, confirms that the new rule will not apply to offshore-sourced income earned before January 1, 2024, which is the date the order comes into effect.
New Order Closes Tax Loophole For Offshore-Sourced Income
On September 15, Revenue Departmental Order No. Por. 161/2566 was published, fundamentally changing how Thailand tax residents' offshore-sourced income will be taxed. Under the order, starting from January 1, 2024, the offshore-sourced income of tax residents will be subject to Thai personal income tax (PIT) in any year that it is brought into Thailand.
Thailand: new order closes tax loophole for offshore-sourced income
On September 15, Revenue Departmental Order No. Por. 161/2566 was published, fundamentally changing how Thailand tax residents’ offshore-sourced income will be taxed. Under the order, starting from January 1, 2024, the offshore-sourced income of tax residents will be subject to Thai personal income tax (PIT) in any year that it is brought into Thailand.
Thailand Provides New Tax Incentives For Depositary Receipts Of Listed Foreign Securities
Thailand has announced tax exemptions for issuers and holders of depositary receipts (DRs) of listed foreign securities to encourage DR transactions, create more investment products in the Thai capital markets, and promote and offer opportunities for retail investors to invest in foreign securities. The exemptions are laid out in the Royal Decree under the Revenue Code B.E. 2481 (No. 775) B.E. 2566 (Royal Decree No. 775), which came into force on August 16, 2023.
Thailand Provides New Tax Incentives for Depositary Receipts of Listed Foreign Securities
Thailand has announced tax exemptions for issuers and holders of depositary receipts (DRs) of listed foreign securities to encourage DR transactions, create more investment products in the Thai capital markets, and promote and offer opportunities for retail investors to invest in foreign securities. The exemptions are laid out in the Royal Decree under the Revenue Code B.E. 2481 (No. 775) B.E. 2566 (Royal Decree No. 775), which came into force on August 16, 2023.
New Tax Incentives for Digital Investment Tokens in Thailand
The Royal Decree issued under the Revenue Code B.E. 2481 (1938) on the Exemption from Taxes (No. 779) B.E. 2566 (Royal Decree No. 779), which came into force on August 16, 2023, provides exemptions from corporate income tax (CIT) and value-added tax (VAT) for the qualifying transfers of digital tokens for investment. Transfers of these digital investment tokens—as opposed to securities transfers—have been subject to taxes.
Lex Mundi Global Merger Notification Guide 2023 – Laos, Myanmar, Thailand - Corporate and Company Law - Thailand
Attorneys from Tilleke & Gibbins have prepared the Laos, Myanmar, and Thailand sections of the recently released Global Merger Notification Guide from Lex Mundi. The guide provides answers to key questions related to the merger notification requirements in jurisdictions of Lex Mundi member firms in 57 jurisdictions around the world.
Thailand’s Competition Law and Regulations: Background and Outlook for 2023
Thailand has a robust legal framework for competition, with laws and regulations in place to prevent anticompetitive conduct and market concentration and to promote fair competition. However, as the business environment in the country continues to evolve, it is important for companies operating in Thailand to stay informed about the latest developments in competition laws and regulations.
New Competition Regulations for Thailand’s Energy Sector
Thailand’s Energy Regulatory Commission (ERC) has issued four new regulations under the Energy Business Act B.E. 2550 (2007) setting forth competition regimes to control both anticompetitive conduct and market structure in the energy business sector. The regulations were published in the Government Gazette on December 19, 2022, and took effect the following day.
Thailand Issues Investment Promotion Strategy for 2023-2027
Thailand’s Board of Investment (BOI) has issued a new investment promotion strategy for the next five years (2023–2027). The strategy was detailed in Announcement No. 8/2565 on December 8, 2022, and will take effect in January 2023. Replacing the BOI’s current eight-year scheme (2015–2022), it will apply to all applications for investment promotion submitted from 8:30 a.m. on January 3, 2023, onward.
Thailand Tightens Definition of SMEs Eligible for Special Protection from Unfair Credit Terms
Thailand’s Trade Competition Commission has amended the guidelines prohibiting large purchasers from setting unfair credit terms for small and medium-sized enterprises (SMEs). The new guidelines, which were published in the Government Gazette on August 17, 2022, revise the definition of SMEs and clarify the duties of concerned parties.
Thailand's SEC Opens Public Hearing Period On ICO Portal Regulations
On June 23, 2022, Thailand's Securities and Exchange Commission (SEC) opened a public hearing period on regulatory controls for initial coin offering (ICO) portals that serve as financial advisors to digital token issuers. The proposed measures aim to prevent conflicts of interest; allow ICO portals to outsource certain functions; and establish additional notification obligations for ICO portals.
Thailand's SEC Proposes To Regulate Ready-to-Use Utility Tokens
On May 30, 2022, Thailand's Securities and Exchange Commission (SEC) announced that it would start regulating ready-to-use utility tokens, a type of digital token that had previously been exempted from the SEC's approval and regulatory control. A public forum was open for comments from various stakeholders until June 29, 2022, and the draft regulation is expected to be issued soon.
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