Showing 91 - 100 of 138
Business, Lawalliance Limited Company, Published on 28/01/2014
» Thailand's economy is not off to a good start for 2014. Amid political clashes, the private sector sees the need to rely on its own resources to compete in the world market, as it will take a long time before a new government can lend a hand in driving the economy.
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:
Business, Lawalliance Limited Company, Published on 17/12/2013
» In countless ways, tax laws bear specific characteristics that are materially different from those under commercial laws. Even in a situation where the right to receive income depends very much upon the outcome of a pending commercial court case, a taxpayer is not allowed to use this as an excuse for not realising income or to extend the deadline for tax payments. Therefore, failure to distinguish tax liability from other commercial legal issues could be disastrous for the taxpayer.
Business, Lawalliance Limited Company, Published on 03/12/2013
» Is anyone trying to convince you to join the anti-government protest by pursuing "civil disobedience" in not paying taxes? Regardless of whether the Yingluck Shinawatra government is your favourite or your lifelong hatred, no one can deny that the duty to pay tax is one of your commitments to this nation. If you decide not to do so, don't expect any amnesty law to release you from penalties and surcharges.
Business, Lawalliance Limited Company, Published on 19/11/2013
» Smartphones and tablets make your life easier, and there are many applications and content services that can be purchased and downloaded online.
Business, Lawalliance Limited Company, Published on 05/11/2013
» Whenever the Revenue Department asks a taxpayer for an additional tax payment through an assessment notice, or a taxpayer's request for tax refund is turned down, there is always confusion about the process the taxpayer should follow in order to ensure that the right to appeal to the court is preserved.
Business, Lawalliance Limited Company, Published on 22/10/2013
» Earlier this year, the Revenue Department issued notifications that require extra information to be specified in tax invoices and debit or credit notes. On the surface, these notifications may not appear very exciting compared with those relevant to mergers and acquisitions, real estate investment trusts or some capital market transactions. But they could cause headaches for businesses that are not aware of the implications.
Business, Lawalliance Limited Company, Published on 08/10/2013
» Very often, whenever the government of Thailand needs more revenues, the question arises of possibly raising the value-added tax (VAT), or applying a new property tax, such as a Land and Construction Tax, to replace the House and Land Tax and the Local Improvement Tax. These always come back to haunt the taxpayers.
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.
Business, Lawalliance Limited Company, Published on 10/09/2013
» It was quite a shock to learn last week that Thai children's education is ranked eighth in Asean, behind Vietnam and Cambodia, by the Programme for International Student Assessment (Pisa). What does that have to do with our value-added tax (VAT) system? Allow us to explain.