Showing 31 - 38 of 38
Infrastructure fund rules need tweaking
Business, Lawalliance Limited Company, Published on 06/11/2012
» On Nov 4, 2009, the Council of Ministers for Economics agreed that it was time for Thailand to have so-called infrastructure funds (IFFs) as proposed by the Finance Ministry. There is a strong belief that IFFS can stimulate the economy because they can mobilise money for major infrastructure projects such as expressways, railways, airports, telecommunication systems and alternative energy.
Anti-Abuse measures in tax-Free reorganisation
Business, Lawalliance Limited Company, Published on 09/10/2012
» Modifying tax incentives as part of a series of transactions is similar to an effort to disentangle puzzle rings, leading to further complexity. The new tax rules, Royal Decree No.542 and Ministerial Regulation No.291, legislated two weeks ago are good examples.
Value-Added tax increase in exchange for tax cut
Business, Lawalliance Limited Company, Published on 14/08/2012
» Any move on corporate income tax (CIT) would more or less affect investment climate and the government's treasury.
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.
Thailand Mid-Year tax filing needs change
Business, Lawalliance Limited Company, Published on 05/06/2012
» One of the key compliance requirements for companies and registered partnerships is the filing of a mid-year corporate income tax return. While the due date for the year-end filing falls 150 days after the close of the relevant accounting period, the mid-year tax return is due two months after the close of the first half.
What's wrong with not appealing the ample rich case ?
Business, Lawalliance Limited Company, Published on 28/02/2012
» In 2001, ex-PM Thaksin Shinawatra sold Shin Corp shares to Ample Rich Investment Limited, a company incorporated in British Virgin Islands. Five years later, Ample Rich sold the shares to the family's children at one baht a share one day before they sold them to Temasek in a big-lot sale on the Stock Exchange of Thailand at 49.25 baht a share, reaping a huge capital gain.
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.