Showing 1 - 10 of 11
A closer look at the new Thailand-India tax treaty
Business, Lawalliance Limited Company, Published on 23/08/2016
» Businesses are increasingly seeking to avoid tax by exploiting gaps and mismatches in tax rules to artificially shift profits to low- or no-tax locations. Member states of the Organisation for Economic Co-operation and Development (OECD) have jointly set out action plans to address this problem. Some of these are reflected in the new Thailand-India Double Tax Treaty, which will take effect from Jan 1, 2017, replacing an accord that has been in force for 29 years.
Significant changes in the new Thai-Singaporean tax treaty
Business, Lawalliance Limited Company, Published on 15/12/2015
» Ever since Thailand and Singapore signed a new double-taxation treaty on June 11, numerous publications have provided outlines of what has changed from the original treaty that has been in effect for 40 years.
Making a tax appeal under new procedures
Business, Lawalliance Limited Company, Published on 17/11/2015
» In our previous article, we took a big-picture look at the forthcoming changes in tax appeal procedures at the court level. One of the main changes is an appeal against a judgement by the Central Tax Court must be made to the new Special Court of Appeal, and its judgement will be treated as final. Only in some exceptional cases will the litigant be able to appeal to the Supreme Court, which must grant permission for the filing first.
Changes in rules for gifttax and interest expenses
Business, Lawalliance Limited Company, Published on 07/10/2014
» The draft property tax bill has been completed and sent back to the Finance Ministry. Developments during the last two weeks have also given us a clearer picture of what the draft inheritance tax legislation could look like. There is no longer a 20% rate on amounts beyond 200 million baht, and the rate of 10% on assets exceeding 50 million baht has dominated the headlines.
Testing the dividend exemption status
Business, Lawalliance Limited Company, Published on 21/10/2014
» Thai tax law does not have a concept of a "consolidated tax" for companies within the same group, and each company is treated as a separate taxable entity. Consequently, economic double taxation arises whereby profits that have already been taxed in the hands of an operating company could be taxed again and again in the hands of its corporate shareholder and so on, up to the top tier of the shareholding – hence reducing the rate of return to the investor.
Can inheritance tax work?
Business, Lawalliance Limited Company, Published on 09/09/2014
» Now that we have new cabinet ministers to drive the economy forward, the next expectation is for martial law to be lifted so that foreign investors and tourists can feel more comfortable about returning to Thailand. Meanwhile, the junta is determined to quickly show the people some signs of genuine reform, so it’s no surprise it has revived the idea of an inheritance tax (IHT).
Choosing the Right Price
Business, Lawalliance Limited Company, Published on 06/05/2014
» It is not always possible for everyone to please the taxman by charging what is considered to be the highest and best price upon entering into a transaction. Pricing strategies can be affected by various commercial factors, such as the benefits a business can derive from selling goods at a lower price to a reputable customer for marketing purposes or bargaining power.
Big surprises await in revamped thailand singapore treaty
Business, Lawalliance Limited Company, Published on 30/07/2013
» After being in effect for more than 35 years, the Thailand-Singapore tax treaty is undergoing a major revamp.
The battle over boi tax treatment
Business, Lawalliance Limited Company, Published on 04/06/2013
» It is common nowadays to read about debates between the Finance Ministry and the Bank of Thailand over interest rates and economic figures. Similar spirited conversations have been taking place behind the scene about different topics between the Board of Investment (BoI) and the Revenue Department for quite some time.
How the Thailand-Taiwan tax treaty could help you
Business, Lawalliance Limited Company, Published on 18/06/2013
» A news report last week about VAT fraud of 3.6 billion baht by more than 30 companies claiming exports of empty containers reminds everyone of the 1997 incident that misled the government to believe that Thailand's economy was still doing well due to healthy exports.