Showing 71-80 of 138 results
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Share transfers and credible valuation methods
Business, Lawalliance Limited Company, Published on 13/01/2015
» Now that fiscal 2014 has ended for most businesses, those whose plans involve an internal restructuring of group shareholding should pay close attention to anything that involves pricing of shares if they want to lessen the risks of being assessed by the Revenue Department.
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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.
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Working and paying taxes under the open borders of the imminent AEC
Business, Lawalliance Limited Company, Published on 04/11/2014
» The formation of the Asean Economic Community (AEC) late next year will definitely lead to more movement of skilled workers across borders in an integrated region. More Thai personnel will need to travel to work elsewhere in the region, and Thailand will need to be more flexible in allowing expats to obtain work permits in Thailand.
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Inheritance tax bill needs a major rethink
Business, Lawalliance Limited Company, Published on 18/11/2014
» The public has had no chance even to glance at the draft inheritance tax (IHT) bill so far despite its farreaching implications. Most of the talk that has taken place has relied on hearsay information, creating more and more confusion as well as concern nationwide.
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Property Tax: more questions than answers under proposed law changes
Business, Lawalliance Limited Company, Published on 26/08/2014
» One major reform the National Council for Peace and Order (NCPO) is keen on carrying out involves the house and land tax regime. By taxing holdings of real property, the government can raise more revenue while reducing the gap between rich and poor. In short, the rich, who have more property, will have to pay more taxes. In addition, reforms could reduce the financial burden on local administrative bodies.
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Failure to launch: Tax concerns stall much-needed infrastructure funds
Business, Lawalliance Limited Company, Published on 23/09/2014
» Tax matters continue to attract a lot of attention in Thailand. This past week, the government finally confirmed that corporate income tax in 2015 would remain at 20% of net profit, while progressive tax rates for individual taxpayers had been adjusted downward on incomes below 4 million baht.
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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.
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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).
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Change of guard at Revenue Department encouraging
Business, Lawalliance Limited Company, Published on 15/07/2014
» The last two weeks have been a honeymoon period for taxpayers wishing to see an improvement in the tax environment of the country. Whether such improvements will be permanent or temporary, only time will tell.
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Fighting against VAT double trouble
Business, Lawalliance Limited Company, Published on 29/07/2014
» Businesses could regularly face tax difficulties if a tax regulator ignores what has been the core purpose, or the so-called “spirit of law”, and adhere too much to the physical wording of legislation.
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