Showing 1 - 5 of 5
Unusually rich? Then be prepared for a 'special' audit
Business, Lawalliance Limited Company, Published on 21/04/2015
» It's not a story that has attracted much attention, but the Revenue Department is being urged to start taking tax evasion by corrupt politicians much more seriously. The goal is to not only improve below-target tax collections but also prevent such politicians from using their ill-gotten gains to finance their next election campaigns.
Should You Pay for Deferred Tax Assets?
Business, Lawalliance Limited Company, Published on 03/06/2014
» If you are planning to take over a company by purchasing shares, you may determine its value based on the book value in the statutory accounts, or you may adopt the income approach. Regardless of your approach, the issue of “deferred tax assets” could come into play.
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.
Handling the 5% tax assessment
Business, Lawalliance Limited Company, Published on 07/05/2013
» In the real world, your company may come across a situation in which a financial statement cannot be signed off because of some problems. For example, conflict from changing the licensed auditor from one house to another often delays the audit process as the old one may refuse to cooperate and return necessary documents. Violating Securities and Exchange Commission rules, such as for a connected transaction, could also be the cause of postponing the completion of the financial statement until the problem can be resolved.
What you should know before claiming a loss from an investment
Business, Lawalliance Limited Company, Published on 19/06/2012
» When a corporate taxpayer invests in shares of another company, it normally expects to derive profits in the form of dividends and/or capital gains. As businesses can have good years and bad ones, the law allows deductions in the case of losses, which can be brought forward for no longer than five accounting periods, for calculation of corporate income tax.