German Thai Chamber Commerce After Work Briefing: Foreign Income Tax and Top Up Tax

In conjunction with the German-Thai Chamber of Commerce (“GTCC”), we are pleased to invite you to our upcoming GTCC AFTERWORK Briefing Dual Session on:

“Understanding Thailand’s Foreign Income Tax and Top-Up Tax Emergency Decree B.E. 2024”

Date: Thursday, 13 March 2025
Time: 17:00 – 18:00 hrs
Venue: Padma Ballroom, M Floor (Upper Level), Lebua Hotels and Resorts

Join our attorneys and legal counsellors, led by Partner Promboon Sookatup, for a special dual session covering two critical tax law updates that may affect both individuals and businesses.

The session will begin with an update on Thailand’s Foreign Income Tax, reviewing the government’s progress in taxing worldwide income for both expatriates and Thai citizens. The second part of the session will focus on the newly enacted Top-Up Tax Emergency Decree B.E. 2024, a measure aligning Thailand with the OECD’s Pillar II Global Minimum Tax Framework. This decree introduces a 15 percent global minimum tax for multinational enterprises (MNEs) and represents a significant step in global tax compliance.

Following the briefing, we invite you to join the GTCC AFTERWORK Networking – March 2025 for an evening of professional networking and socializing.

Date: Thursday, 13 March 2025
Time: 18:00 – 21:00 hrs
Venue: Café Mozu, M Floor, Lebua Hotels and Resorts

Network with GTCC members and partners while enjoying a relaxed atmosphere, engaging conversations, and a selection of fine food and beverages.

Admission for GTCC members is THB 1,500 net, with an early-bird rate of THB 1,300 net available until 10 February 2025. Admission for non-members is THB 2,300 net, with an early-bird rate of THB 2,100 net available until 10 February 2025. Prices include a selection of finger food and free-flow drinks.

Note: You do not have to be a GTCC member to attend.

Please register for both events at the link below and direct inquiries to [email protected].

https://app.glueup.com/event/gtcc-afterwork-briefing-with-brs-and-networking-march-2025-132162/

We look forward to welcoming you to this insightful and engaging evening.

BRS Proudly Supports Charity Art Auction Benefiting the Thai Red Cross Society and the Women Lawyers’ Association of Thailand

Blumenthal Richter & Sumet (BRS) is pleased to announce that Partner Promboon Sookatup has organized a Gala Dinner and Charity Art Auction in support of the Thai Red Cross Society and the Women Lawyers’ Association of Thailand. This distinguished event, set for 27 September 2024, is held in collaboration with the Faculty of Law at Mae Fah Luang University, the Thailand Board of Investment, and other prominent government organizations.

The Gala Dinner will showcase an exclusive collection of clothing, design pieces, and artwork curated by The Art Auction Center. This auction aims to elevate Thai art on both national and international platforms, celebrating the country’s rich cultural heritage and artistic talent.

The Thai Red Cross Society, a leading charitable organization, is renowned for its humanitarian work aligned with the Fundamental Principles of the International Red Cross and Red Crescent. The Society focuses on providing humanitarian relief in times of crisis, improving quality of life, treating diseases, and alleviating suffering.

Similarly, the Women Lawyers’ Association of Thailand is committed to promoting justice and legal awareness. The organization’s mission includes aiding disadvantaged and marginalized communities, disseminating legal knowledge, analyzing laws for potential reform, and collaborating with public and private entities to leverage legal expertise effectively.

This event emphasizes BRS’s dedication to supporting the local community, nurturing talent, and advocating for equal opportunities across diverse professions, from legal practitioners to artists.

We warmly invite you to join us in celebrating art and philanthropy as we work together to support these worthy causes.

For more information on the Gala Dinner and Charity Art Auction, please email us at [email protected].

Ride the Global Trends with Blumenthal Richter & Sumet: Conference Program

We are delighted to present the event’s conference program as we invite you to join us at Asean Legal Alliance & Warwick Legal Network World Business Forum: Riding Global Trends.

Enhance your knowledge of leveraging Thailand as a springboard to global markets, business under the ESG era and technology & world revolution at this exciting conference with executives, decision-makers and lawyers across the public and private sectors across South East Asia.

In conjunction with Thailand Board of Investment, Global Trade & Technology Council (India) and Prompt Legal, we are delighted to support this event, featuring prominent speakers and distinguished guests in sessions as follows:

 

Session 1: Thailand Investment

1. Mr Danucha Pichayanan (Strategy to Promote Thailand Competitiveness)

Secretary-General, Office of the National Economic and Social Development Council

2.Mr Narit Therdteerasukdi (Investment Incentives)

Secretary-General, Thailand Board of Investment

3. Dr Chula Sukmanop (EEC Incentives)

Secretary-General, Eastern Economic Corridor

4. Ms Jareeporn Jarukirnsakul (Thailand’s Competitive Readiness and Advancement in Technology and Infrastructure)

Vice Chairman of the Board of Directors, Chairman of Executive Committee, WHA Corporation Pcl.

 

Session 2: Thailand Springboard to Global Markets

1. Ms Chotima Iemsawasdikul (Thailand’s International Cooperation)

Director General, Department of Trade Negotiations

2. Dr Pornchai Danvivathana (Geopolitics: Thailand’s Opportunities)

Secretariat to Asia Cooperation Dialogue, Former Ambassador to the Sultanate of Oman

3. Ms Promboon Sookatup (Global Trade Strategy: Legal Perspective)

Partner, Blumenthal Richter & Sumet

4. Mr. Kriengkrai Thiennukul (Outbound Investment: Opportunity and Challenge)

Chairman of the Federation of Thai Industries, Chairman of Industry Promotion and Support Division

 

Session 3: Business under ESG Era

1. Dr Virat Somsri (Green Economy and Sustainability Policy)

Environmentalist, Department of Climate Change & Environment

2. Mr Alex Wan (Carbon Credits for Businesses)

Co-Founder & CEO, Star Century Group, Carbon Registry Thailand, Asia ESG Solution Ltd.

3. Mr Om Kaosa-Ard (Climate and Decarbonization Investment Opportunities)

Partner, Energy Ignition Ventures (EIV)

4. Ms Jackie Wu (Legal Insights : Building Sustainable Enterprises Across Borders)

Senior Partner, Long An Law Firm (Shanghai)

5. Mr Wutthipong Songwisit (ESG Compliance Inititative)

Vice President of Business & Investment Legal, PTT Oil and Retail Business Public Company Limited

 

Session 4: Technology and World Revolution

1. Khun Jirayut Srupsrisopa (Ecosystem of Digital Assets)

CEO, Bitkub Capital Group Holdings Co., Ltd.

2. Mr Wang Dehua (Title of Topic – TBC)

Director, Chiu·Szeto & Cheng (Dongguan) Associate Law Firm

3. Mr Charis Papachristodoulou (Title of Topic – TBC)

Partner, Papadopoulos, Lycourgos & Co

4. Dr. Krithpaka Boonfueng (Thailand’s Technology Landscape)

Executive Director, National Innovation Agency (Public Organization)

 

A gala dinner and charity auction will follow the conference.

Mark your calendars for Friday, 27 September 2024 at the Pullman Bangkok King Power, Thailand.

Please register via the link below or email [email protected] for further information and assistance in registration.

https://forms.gle/mtA6F3Vm7zhZ92dUA

Senior Partner Ira Blumenthal Speaks at Georgetown University Law Center’s International Law Student Association Function

Senior Partner Ira Blumenthal recently had the privilege of speaking at an open house event at his alma mater, Georgetown University Law Center, in Washington D.C. A proud alum of the Top-14 law school, Ira has actively supported the university’s recruitment activities in Thailand and sponsored its summer internship program at Blumenthal Richter & Sumet. He was delighted to resume his first in-person speaking engagement on campus since the COVID-19 pandemic.

During the session organized by Georgetown International Law Society and Georgetown Law’s Office of Career Strategy, Ira shared his perspectives and journey on how he built his practice in Thailand supporting foreign companies in investing in the country, when it was opening its doors to foreign interests in the 1990s. As a recent graduate from Georgetown Law, he worked as the only foreign lawyer in a local Thai law firm before founding Blumenthal Richter & Sumet with his American, German and Thai partners.

Ira also touched upon the skills that international practice lawyers must bring to clients, including serving as their thought collaborators and ensuring that legal advice is commercially sound as they serve as clients’ main interface in a country with which the clients may not be intimately familiar.

We express our gratitude to our friends at Georgetown Law for their assistance in organizing this event and look forward to more joint efforts to further the field of international law.

BRS Senior Partners Speak at “Translating your U.S. Legal Education into a Successful Legal Career” Lecture with Georgetown Law at Chulalongkorn University

Blumenthal Richter & Sumet (“BRS”) was delighted to have organized and participated at the lecture titled “Translating your U.S. Legal Education into a Successful Legal Career,” in conjunction with Georgetown University Law Center, one of the United States’ “Top-14” law schools. The event took place at the Faculty of Law of Chulalongkorn University on January 11, 2024.

The panel for this event included Ira Blumenthal, Senior Partner (Georgetown ’94), and Sumet Mingmongkolmitr, Senior Partner and Head of Tax & Customs (Chulalongkorn’90). The panel was moderated by Pimprapat Snidvongs Na Ayudhaya, Manager (Georgetown ’20). Also in attendance were Dr. Poomsiri Dumongvute, Vice Dean at Chulalongkorn University Faculty of Law, and Theerada Towithelertkul (Chulalongkorn’ 17), Associate.

Our panelists covered topics such as U.S. legal education, its values and application process, and the competitive advantage offered by Georgetown University Law Center. These advantages, stemming from  its prominent location in Washington D.C. included  global reach, and well-rounded approach to legal education. Furthermore, Ira and Sumet provided insights into how the skills and experience developed during an overseas secondary law degree, positions associates for success in their legal careers. For example, students learn  how to frame their legal advice with a business-oriented perspective and international context. Our Senior Partners also took the opportunity to share “tips & tricks” for thriving in a law firm, ranging from applying for an entry-level associate position to how to continue to grow and succeed in the environment.

“I’ve always believed that a global perspective enhances one’s ability to excel in the practice of law,” remarked Ira. “Georgetown Law played a pivotal role in shaping my understanding of the legal landscape, and it’s an honor to share insights with the next generation of legal professionals.”

Sumet Mingmongkolmitr added, “An international legal education is an investment that pays off throughout your entire career. We express our gratitude to our friends at Chulalongkorn for the opportunity to share our perspectives with the next generation of aspiring lawyers.”

Ira Blumenthal joined by Georgetown Law Dean for BRS Associate Career Development Program Session

Blumenthal Richter & Sumet (“BRS”) was delighted to host Caryn Voland, Dean for Graduate Admissions at Georgetown University Law Center (“Georgetown Law”), during her visit to Bangkok, Thailand. Senior Partner Ira Blumenthal, a proud graduate of Georgetown Law’s Juris Doctorate program (Class of ’94), organized this information session as part of our commitment to the career development program for associates and our support for their continued education.

Ira and Caryn provided associates with an understanding of how, as the practice of law becomes increasingly international, an understanding of U.S. law provides lawyers with a competitive advantage. In addition to sharing information on Georgetown Law’s academic program and application process, Caryn also offered advice on how the LL.M. degree could fit into prospective students’ various career paths.

Furthermore, Ira discussed how obtaining a second legal degree at Georgetown Law provides junior to mid-level associates with many intangible personal and professional benefits. These benefits include access to a global alumni network and exposure to the life experience of living in Washington D.C.

Ira remarks, “BRS’s Associates have always distinguished themselves from their peers at other firms by their business-oriented perspective. The process of spending time in a foreign country and growing as a person, not just as a lawyer, adds to one’s ability to frame legal practice in a variety of contexts. Georgetown Law has played a noteworthy role in my career as a lawyer, entrepreneur, and investor.”

Georgetown Law, based in Washington D.C steps away from the Supreme Court of the United States,” is one of the United States, “Top-14” law schools.

2024 Internship Application

Every summer, from June to July, Blumenthal Richter & Sumet are proud hosts to law students from Thailand’s leading local intuitions.

If you are a student studying law at a Thai University and are interested in interning with us, please fill out the form provided via the link below and email it to [email protected] by 31, October 2023.

 

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Press Release: BRS Tax & Customs Team and Senior Partner Sumet Mingmongkolmitr Recognized in International Tax Review’s World Tax Ranking (2024)

We are excited to announce that our Tax & Customs practice has received recognition in the 2024 edition of International Tax Review’s World Tax rankings. We have been acknowledged as a Notable Firm in Customs and have achieved Tier 2 status in General Corporate Tax. Additionally, we are proud to share that our practice leader, Senior Partner Sumet Mingmongkolmitr, has earned individual recognition as a Highly Regarded Individual in both General Corporate Tax and Customs.

This recognition marks the third consecutive year in which both  Sumet  and his team have been honored by the International Tax Review, a global directory that offers a comprehensive guide to the world’s leading tax and transfer pricing firms and leaders. This directory reviews entries from over 140 different jurisdictions.

We are particularly pleased to note that we are the sole national and independently operated Thai firm listed in the Customs category by this global publication. This recognition underscores the unwavering commitment of our Tax & Customs team to providing legal advice that meets international standards and supports our clients effectively.

Under the guidance of Senior Partner Sumet Mingmongkolmitr , who has steered our Tax and Customs practice through years of continuous growth, our team of lawyers consistently garners recognition from global directories such as the International Tax Review, Chambers & Partners, and The Legal 500. The BRS  tax team is  renowned for its expertise in structuring complex business transactions and arrangements, offering practical tax solutions, and devising investment strategies to meet a diverse and challenging range of local and international legal requirements.

As the head and founder of B’s Tax & Customs team, Sumet Mingmongkolmitr is a trusted legal consultant with nearly 40 years of experience, serving regional public and private enterprises, as well as local high-net-worth individuals.

Furthermore, Senior Associate Sudarat Jirakietwattana, a seasoned tax and customs attorney, is known for her comprehensive guidance to multinational and domestic corporate clients. She regularly advises on  intricate corporate tax matters, including customs duty exemption, business imports, joint venture tax considerations, and tariff matters.

The Tax & Customs team is committed to maintaining this momentum and, therefore, is actively seeking to expand their capacity to support clients across the full spectrum of tax issues. This expansion will cover customs duty, excise tax, value-added tax, corporate income tax, property tax, land tax, and other areas such as transfer pricing and Revenue Department audits. To achieve this goal, BRS is actively recruiting  and accepts applications from Senior Associates with experience in this field.

 

BRS Announces Promotion of Two New Partners

Blumenthal Richter & Sumet Attorneys & Counsellors (“BRS”) proudly announces the internal promotion of two accomplished individuals to the position of partner: Ekkarat Ritthiplang and Weerasa Makepongtorn.

With over a decade of experience, Ekkarat has established himself as a trusted advisor to multinational and domestic corporations. As co-leader of the firm’s M&A team, his expertise spans corporate and commercial transactions, foreign direct investment, and regulatory affairs. Ekkarat’s proficiency in crafting and negotiating commercial contracts, coupled with his adeptness in engaging with Thai governmental bodies, has been pivotal in service and manufacturing industries ranging, among many others, from the automotive, chemical, trading sectors to IT companies.

Similarly, Weerasa has focused over the past 10 years on assisting foreign and local clients in navigating the complexities of establishing and successfully developing their businesses in Thailand. Her exceptional leadership within the firm’s internationally acclaimed Real Estate & Hospitality team is a testament to her outstanding accomplishments.  Weerasa’s guidance has been invaluable to a multitude of international and local residential and retail developers as she advises them on market entry strategies, joint ventures, and mergers & acquisitions.

Promoting Ekkarat and Weerasa to partnership positions reinforces BRS standing as not just a premier international law firm facilitating foreign clients’ expansion within Thailand, but also as a significant player in the local landscape, providing guidance to major Thai corporations and high net-worth individuals.

“Although Ekkarat and Weerasa have been instrumental in serving our foreign clients as exceptional Senior Associates, a role they will undoubtedly continue to excel in, we are excited to witness their evolution in fostering relationships with local clients,” states Senior Partner Andreas Richter.

Senior Partner Robert Schuler emphasizes, “Both lawyers embody our firm’s core value of legal entrepreneurship in delivering advice that supports clients’ legal and business objectives.  Weerasa and Ekkarat will surely play a key role in steering the firm’s growth in the upcoming years”.

The appointment of these two exceptional individuals as partners marks an exciting time for BRS as the firm embarks on a dynamic expansion journey, growing alongside its clients in an increasingly complex legal environment that brings new prospects and challenges.

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