The Thai National Anti-Corruption Commission (NACC) issued an amendment to its notification (Notification) concerning government contractors’ reporting duties.
The original Notification was issued on 11 August 2011 and was published in the Royal Gazette on 15 August 2011. The amended Notification was issued on 7 December 2011 and was published in the Royal Gazette on 19 December 2011.
The following matters were amended:
1. The original Notification was to become effective on 1 January 2012. The effective date of the Notification is now postponed as follows:
(a) most parts of the Notification (including the duties of state agencies) will become effective on 1 April 2012;
(b) the reporting duty of contractors with contracts worth Baht 2,000,000 or more will become effective on 1 April 2012; and
(c) the reporting requirement of contractors with contracts worth Baht 500,000 to Baht 2,000,000 will become effective on 1 April 2013.
2. Foreign entities without a presence in Thailand are now clearly exempted from the reporting duty, although the NACC may create another procedure for such legal entities currently exempted from the reporting duty.
3. The definition of “State Agencies” was broadened and “Contracts” clarified.
4. The original Notification stated that reports must be submitted through an electronic platform. The amendment Notification added that for the period during which the electronic platform is not yet fully functional, the reports must be submitted to the Revenue Department in physical form.
5. The reporting form has been re-designed. Less financial information is now required.
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