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THAILAND

Salvaging a Buddhist sanctuary

Spectrum, Tunya Sukpanich, Published on 05/02/2012

» A mong the major casualties of the recent floods was the 2,500-rai Buddhamonthon ("Buddhist park") religious park in Nakhon Pathom province. Today the park scarcely resembles the former green spiritual and recreational sanctuary in the shadow of Bangkok. The meticulously landscaped lawns are now covered with a thick layer of dried brown leaves and dead branches from trees and shrubs killed or severely shocked by the floodwaters that covered the park grounds for weeks. Many big trees were uprooted and still lie where they fell.

THAILAND

Thailand will claim prime spot in asean community

Spectrum, Published on 05/02/2012

» Over the last two years I've been talking with a lot of people who are aware that the Asean Economic Community (AEC) will be formed in 2015 and have been preparing themselves and their organisations. But many others have not been preparing and some don't even know what the AEC is. That needs to change because the AEC has the potential to greatly benefit Thailand. Of course, there are some disadvantages we will face as well if we are not well prepared.

THAILAND

TAXES IN THAILAND Part VIII: Calculation of allowances

Spectrum, Published on 05/02/2012

» For the past couple of weeks we have used an example to figure out how tax deductions are calculated. This week we'll use the same example to show how allowances work and how they are used to determine taxable income. Remember, the terms allowance and exemption mean the same thing for the purposes of this discussion.

THAILAND

As doors open, businesses face a formidable frontier

Spectrum, Luke Hunt, Published on 29/01/2012

» As Myanmar trades political reforms in return for an end to economic sanctions, businesses big and small are queuing for access to the region's last closed economy. Entry will be dictated by political connections, financial clout, further reforms and necessity.

THAILAND

Farmers in the dark over crop insurance

Spectrum, Supara Janchitfah, Published on 29/01/2012

» Rice farmer Nalad Kaewsikhao is luckier than many others whose crops were destroyed by last year's devastating floods. She purchased a crop insurance policy for the yield from her 38.5 rai plot of land from the Bank of Agriculture and Agricultural Cooperatives (BAAC) in Kalasin's Yang Talat district. The crop insurance programme is open to farmers nationwide, but so far covers only seasonal rice crops (see sidebar).

THAILAND

TAXES IN THAILAND Part VII: Deductions _ reworking the example

Spectrum, Published on 29/01/2012

» Last week we used an example to determine how assessable income is calculated. Now we'll use the same example to show the items that are subtracted from the assessable income to arrive at taxable income, the amount to which the progressive rates are applied. These items subtracted from assessable income fall into two categories, deductions and exemptions, which are also called allowances. This week we'll illustrate how to arrive at deductions using the same example.

THAILAND

Ghosts among the people

Spectrum, Ezra Kyrill Erker, Published on 22/01/2012

» They come from Iran and Sri Lanka, Pakistan and China, central Africa, Cambodia and elsewhere around the world, fleeing persecution for their beliefs or serious concerns about their safety and that of their families.

THAILAND

War crimes and the price of justice

Spectrum, Luke Hunt, Published on 22/01/2012

» Putting a price on human life has never been a simple matter. For example, hospitals constantly face financial pressures, but patients' rights to privacy ensure that such awkward subjects are handled behind closed doors.

THAILAND

Commercial properties in bangkok's northern suburbs looking good

Spectrum, Published on 22/01/2012

» Bangkok's retail market is divided into three main areas _ city, city fringe and suburban. The largest share of retail space is concentrated in suburban Bangkok, totalling 2.56 million square metres, compared with 1.62 million in the city fringe and 1.33 million in the city.

THAILAND

TAXES IN THAILAND VI: Calculation of assessable income

Spectrum, Published on 22/01/2012

» This week we're going to work with an example that illustrates how taxable income is calculated. We know it's hard to consider these matters in theory, and readers have asked us for examples.