Showing 1 - 10 of 12
Deductibility of guaranteed amounts by fund sponsors
Business, Lawalliance Limited Company, Published on 03/10/2017
» Property funds have long been popular with investors in Thailand, where the mutual-fund structure is being phased out and funds are being converted to real estate investment trusts or REITs. Raising funds from investors through such vehicles often involves a guarantee from the originator to increase confidence in the investment. This can be the starting point for problems on the tax front.
Tax issues and business transfers: the devil is in the details
Business, Lawalliance Limited Company, Published on 25/07/2017
» Ever since tax incentives for business reorganisation were introduced two decades ago, different issues have arisen intermittently, especially as they relate to an entire business transfer (EBT), which has become a popular practice.
Looking for tax incentives? Make sure you comply
Business, Lawalliance Limited Company, Published on 13/06/2017
» Tax incentives can be as sweet as honey, but making a mistake in compliance, inadvertently or otherwise, can leave a taste as bitter as gall. Corporate taxpayers have learned this painful lesson in light of court rulings on the tax treatment of losses carried forward from Board of Investment-promoted businesses.
The miracle of taxation
Business, Lawalliance Limited Company, Published on 21/03/2017
» Two hundred and forty years ago, the renowned economist Adam Smith set out four canons of taxation in The Wealth of Nations. A decent tax system, he wrote, should follow the standards of justice, certainty, convenience and economy.
When receivables are seized to pay off tax debts
Business, Lawalliance Limited Company, Published on 29/11/2016
» The government has been giving away a lot of tax packages -- not only as a new-year present but all year round. It started with a tax amnesty programme (without calling it an amnesty), and has also offered allowances for those who spend at Thai resorts during holidays, double deductions for new investments, and tax incentives for investors that take significant steps in contributing to technological growth.
Handling immovable properties within the family
Business, Lawalliance Limited Company, Published on 18/10/2016
» With the new land and building tax due to take effect from next year, in combination with the inheritance tax and changes to the Revenue Code on gifts from parents to children earlier this year, more people are attempting to manage their properties to save tax. Though it is everyone's lawful right to do tax planning, it is necessary to be aware of some relevant interpretations.
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.
Capital increases under the microscope
Business, Lawalliance Limited Company, Published on 24/02/2015
» Over the last couple of years, tax practitioners have become increasingly aware of suspicious or shady transactions, especially those without a genuine intention, being challenged more frequently by the Revenue Department.
Inheritance tax bill needs a major rethink
Business, Lawalliance Limited Company, Published on 18/11/2014
» The public has had no chance even to glance at the draft inheritance tax (IHT) bill so far despite its farreaching implications. Most of the talk that has taken place has relied on hearsay information, creating more and more confusion as well as concern nationwide.
Changes in rules for gifttax and interest expenses
Business, Lawalliance Limited Company, Published on 07/10/2014
» The draft property tax bill has been completed and sent back to the Finance Ministry. Developments during the last two weeks have also given us a clearer picture of what the draft inheritance tax legislation could look like. There is no longer a 20% rate on amounts beyond 200 million baht, and the rate of 10% on assets exceeding 50 million baht has dominated the headlines.