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Taxable vs non-taxable reimbursements
Business, Lawalliance Limited Company, Published on 06/09/2016
» Most tax matters are all about sorting taxable income items from non-taxable ones. Whenever you receive a payment that is referred to in a contractual document as "reimbursement", it is important to realise that there is only a thin line between a genuine reimbursement and one that is regarded as disguised revenue for tax purposes.
Correcting flaws in the tax system: vote yes or no
Business, Lawalliance Limited Company, Published on 09/08/2016
» The referendum on the draft constitution has been staged successfully and the people have spoken. In the same spirit, perhaps it's time that the Revenue Department listened to the voices of troubled taxpayers and corrected some of its mistakes promptly and transparently.
Two-Fold tax risk of the sales agent
Business, Lawalliance Limited Company, Published on 22/05/2012
» Ahead of the establishment of the Asean Economic Community (AEC), a number of trading companies in Thailand are looking to act as agents for overseas suppliers. Unfortunately, there is no guarantee the tax trend will always synchronise with the economic atmosphere, and you should be cautious before undertaking an agency role for an overseas supplier.