The Thai Government submitted to the National Assembly on 5 June 2018 the draft legislation to formalize the country's transfer pricing regime. The draft legislation is mostly unchanged from the version approved by the Thai Cabinet earlier in the year ({News-2018-01-08/P/2-previous coverage}), although there are a few important amendments. One of the key amendments is that the effective date of the new legislation is set for tax periods beginning on or after 1 January 2019 (instead of 2017), which would require that the first transfer pricing disclosure report for taxpayers with THB 30 million in annual related party transactions will...