Showing 1 - 6 of 6
The importance of the effective date in tax laws
Business, Lawalliance Limited Company, Published on 08/08/2017
» The government of Prime Minister Prayut Chan-o-cha has passed a number of tax laws and regulations -- far more than its predecessors in the previous decade of political turmoil -- since coming to power in 2014. Keeping track of the enforcement of these new rules is complicated, as some have retroactive effect and some grant grace periods.
Tax losses and BoI-promoted businesses: a cautionary tale
Business, Lawalliance Limited Company, Published on 31/05/2016
» All that glitters is not gold. While the tax incentives granted to businesses promoted by the Board of Investment (BoI) are dazzlingly attractive, ambiguities in the statutory provisions often bring about dreadful tax results in the end. Look no further than recent court cases involving carried-forward tax losses sustained by BoI-promoted projects.
How the Thailand-Taiwan tax treaty could help you
Business, Lawalliance Limited Company, Published on 18/06/2013
» A news report last week about VAT fraud of 3.6 billion baht by more than 30 companies claiming exports of empty containers reminds everyone of the 1997 incident that misled the government to believe that Thailand's economy was still doing well due to healthy exports.
Capitalising taxable income over 90 years? Yes, It can be done
Business, Lawalliance Limited Company, Published on 26/02/2013
» Have you ever thought that you could capitalise taxable income over a very long period of time and pay corporate income tax year by year, even if you have already received all the upfront payments from customers? This sounds common enough in cases where you have a long-term contract with one period of time for the provision of services.
New law aims to promote investment through trusts
Business, Lawalliance Limited Company, Published on 14/02/2012
» In an attempt to promote the use of a trust under the Trust for Transactions in Capital Market Act B.E. 2550 (2007) (''Trust Act'') as a new investment vehicle in the stock market, the Thai cabinet approved an executive decree to grant certain tax incentives. Now, the decree has become effective and it is time for us to examine what has been offered to the investors so far.
The Aec and Tax: part II
Business, Lawalliance Limited Company, Published on 31/01/2012
» In our last column on Jan 17, we gave a brief overview of some of the tax-related issues Thailand could face once the Asean Economic Community is formed in 2015. Although it is still too early to judge the impact on the Thai tax environment after 2015, it is very important to start thinking about the country's tax approach and potential tax reforms in order to deal with the AEC ahead of time.