Showing 1 - 10 of 14
Looking for tax incentives? Make sure you comply
Business, Lawalliance Limited Company, Published on 13/06/2017
» Tax incentives can be as sweet as honey, but making a mistake in compliance, inadvertently or otherwise, can leave a taste as bitter as gall. Corporate taxpayers have learned this painful lesson in light of court rulings on the tax treatment of losses carried forward from Board of Investment-promoted businesses.
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.
Complications arising from new stamp duty rules
Business, Lawalliance Limited Company, Published on 26/07/2016
» While stamp duty is a type of nuisance tax that tends to be forgotten, failing to comply with its requirements could have distressing consequences. An instrument that is not properly affixed with stamp duty may be subject to surcharges that could climb as high as 600% of the original duty. As well, it could be prohibited from being used as evidence in a court of law.
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.
Clearing up confusion over joint bank accounts
Business, Lawalliance Limited Company, Published on 07/04/2015
» The introduction of a new tax regime for unregistered partnerships this year has created a lot of anxiety for a lot of people. New legislation repealed an old rule that made it too easy for individuals to create separate taxable entities to reduce personal income tax liability.
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.
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.
New year TAX update: Corporate reorganisation and others
Business, Lawalliance Limited Company, Published on 14/01/2014
» During the festive season, several new tax laws were passed quietly while all worried eyes were on Thailand's growing political uncertainty. The changes to the progressive rates for personal income tax, which offer lower tax brackets, have already been well publicised. However, the following developments are also worth studying:
Tax reporting of OTC share transactions
Business, Lawalliance Limited Company, Published on 24/09/2013
» The government is currently struggling with an important decision as to whether it should increase the value-added tax (VAT) rate to cope with the need to cover the rising budget deficit. As the increase will certainly have a negative impact on living costs, raise inflation and reduce domestic consumption, some government officials favour expanding the tax base as much as possible in lieu of increasing the VAT rate.
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.