Showing 1 - 10 of 17
Broader interpretation boosts anti-avoidance rules
Business, Lawalliance Limited Company, Published on 20/09/2016
» Businesses seeking to structure cross-border transactions in ways that help them avoid paying tax are finding it more difficult as authorities worldwide step up information sharing. One such example is the Global Forum on Transparency and Exchange of Information for Tax Purposes, which is driven by the Organization for Economic Co-operation and Development and has 135 members. The cabinet recently approved Thailand's membership in the forum.
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.
Double taxation in the AEC and tax credits in Thailand
Business, Lawalliance Limited Company, Published on 14/07/2015
» The long-awaited formation of the Asean Economic Community (AEC) is just over five months away. Drawn by the promise of a freer flow of goods, services, investment, capital and skilled labour, many businesses are looking to expand into neighbouring countries. Of course, doing so will entail new taxes in other countries and businesses need to study how to prevent or reduce the effects of double taxation.
Rebranding a regional operating headquarters as an international HQ
Business, Lawalliance Limited Company, Published on 10/03/2015
» The regional operating headquarters (ROH) provisions that Thai tax authorities introduced in 2002 have never been popular, as they are difficult to understand and comply with. As a result, many businesses have bypassed Thailand and chosen Kuala Lumpur for their regional offices.
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.
Court ruling on guarantee fees should bring more fairness
Business, Lawalliance Limited Company, Published on 11/03/2014
» Given the unsettled political situation, the country risk for Thailand is certainly on the rise. In line with basic business principles of diversification to spread risk, the private sector starts looking for opportunities to move business offshore and set up overseas subsidies. With the formation of the Asean Economic Community less than two years away, such strategies make good sense.
Tax impact from new accounting standards and what to expect
Business, Lawalliance Limited Company, Published on 26/03/2013
» Companies in Thailand this year are required to adopt three new Thai Accounting Standards (TAS) in preparing their financial statements, effective from Jan 1. They are: TAS 12 "Income Taxes"; TAS 20 "Accounting for Government Grants and Disclosure of Government Assistance"; and TAS 21 "The Effects of Changes in Foreign Exchange Rates". All will definitely have a direct impact on many companies.
Zero-Rated Vat: A snag in expert reports
Business, Lawalliance Limited Company, Published on 12/02/2013
» Zero-rated value-added tax (VAT) is applicable to the export of both services and goods, but they are different in several ways.
Value-Added tax increase in exchange for tax cut
Business, Lawalliance Limited Company, Published on 14/08/2012
» Any move on corporate income tax (CIT) would more or less affect investment climate and the government's treasury.
Announcement of the Anti-Tax avoidance rules
Business, Lawalliance Limited Company, Published on 03/07/2012
» Like its Asean counterparts, the Thai government has gradually changed certain tax rules to cope with the expansion of business and investments when the Asean Economic Community (AEC) comes into effect.