Thailand: Potential criminal liability of company representatives

Thailand: Potential criminal liability

Legislation amending some 76 provisions under Thai law—including the tax law—reflect measures concerning the potential criminal liability of company representatives.

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Under the legislation, “juristic persons” can be liable to criminal prosecution if the violation is related to the action of company representatives who are responsible for the juristic persons’ undertakings, or with respect to a failure or lack of instruction or action by the company representatives who have a duty to prevent the violation. 

 

Read a March 2017 report prepared by the KPMG member firm in Thailand

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