Showing 51 - 60 of 138
Double taxation of employee stock options
Business, Lawalliance Limited Company, Published on 06/10/2015
» Capable and loyal employees are prized by all businesses, and large companies often seek to keep their top talent by rewarding qualified personnel through an employee stock option plan (Esop).
Will the price-valuation rules change in the near future?
Business, Lawalliance Limited Company, Published on 22/09/2015
» Ever since Section 65 bis and Section 65 ter of the Revenue Code were created, most transactions, unless excluded from the tax regime, have been subject to tax based on transaction value. However, the law rarely accepts a transaction value lower than the "market value" and allows authorities to assess additional tax based on "imputed revenue", which is on a par with the market value.
VAT complications for transport services
Business, Lawalliance Limited Company, Published on 08/09/2015
» Because transport forms a part of many business activities, much confusion can arise when calculating tax for a transaction that includes transport along with the sale of goods or provision of services.
CSR contributions and tax liability
Business, Lawalliance Limited Company, Published on 25/08/2015
» Every business entity is a part of society, and business growth is supported by the well-being of the community. For this reason, many companies return benefits to society by way of corporate social responsibility (CSR) projects -- for example, infrastructure providers such as water and electricity distributors often provide services free of charge to those who are needy.
Treatment of investment in accounts receivable challenged
Business, Lawalliance Limited Company, Published on 11/08/2015
» The year 1997 was one of the most important in the economic history of Thailand. Not only did the world taste the Tom Yum Kung crisis, but some people in Thailand discovered a new line of business that brought some of them great wealth. We're taking about investing in distressed assets.
Fairer tax treatment on the cards for upfront rents
Business, Lawalliance Limited Company, Published on 28/07/2015
» Because it tends to increase continuously in value, real property has always been one of the most desirable investments. While some people have been fortunate enough to acquire properties in upscale areas, many others are competing to find sites speculated to be the next hot spot.
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.
Involuntary partnership tax on sales of land highlighted
Business, Lawalliance Limited Company, Published on 30/06/2015
» A change to the Revenue Code last year repealed the exemption of personal income tax (PIT) on profits distributed from a non-registered partnership and a body of persons. It put an end to one of the most abusive tax-planning schemes used by the wealthy. However, it has also created onerous tax liabilities for individuals who have no choice but to run a business via such vehicles.
New interpretations of leasing exemption rules
Business, Lawalliance Limited Company, Published on 16/06/2015
» Failure to comply with tax obligations can bring about disastrous results, not only for the income earner but also for the payer of the income. This is always the case for withholding tax imposed on particular types of income.
Transfer-Pricing loopholes likely to be closed soon
Business, Lawalliance Limited Company, Published on 02/06/2015
» Among tax-avoidance methods, transfer pricing is the most controversial. While it is never acceptable to the Revenue Department, it has become pervasive and more complicated.