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Briefly
Following the general public listening to in March 2022, the Commerce Competitors Fee of Thailand (TCCT) revealed an modification to the rule of thumb on honest commerce practices referring to credit score phrases with small and medium enterprises (SMEs) beneath part 57 (unfair commerce practices) of the Competitors Act 2017.
That is the primary modification after the rule of thumb turned efficient in December 2021 (see our earlier newsletters in August 2021 and March 2022).
The important thing modification is on the definition of SMEs. Enterprise operators should fulfill each the worker quantity and annual income thresholds to be thought of SMEs throughout the scope of this guideline, whereas the 2021 guideline merely requires enterprise operators to fulfill both threshold.
Underneath the modification, SMEs are these enterprise operators that meet the next standards:
- For producers, having no more than 200 workers and an annual income of no more than THB 500 million
- For service suppliers, having no more than 100 workers and an annual income of no more than THB 300 million
Additional, the requirement of the SMEs to offer proof of their SMEs standing to their enterprise companions to obtain safety beneath the rule of thumb can also be amended to be in step with the brand new definition of SME — requiring the SMEs to offer each the paperwork on variety of workers and earnings.
The modification was revealed within the Authorities Gazette on 17 August 2022 and can turn out to be efficient on 16 September 2022 (30 days after the publication within the Authorities Gazette).
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