Showing 1 - 3 of 3
Treatment of investment in accounts receivable challenged
Business, Lawalliance Limited Company, Published on 11/08/2015
» The year 1997 was one of the most important in the economic history of Thailand. Not only did the world taste the Tom Yum Kung crisis, but some people in Thailand discovered a new line of business that brought some of them great wealth. We're taking about investing in distressed assets.
Realisation rules for zero-coupon notes
Business, Lawalliance Limited Company, Published on 19/05/2015
» Each business activity has its own timing for its own reasons, and the realisation of revenue and expenses for tax purposes is no exception. Under the Revenue Code, the "accrual basis" methodology always applies to the realisation of revenue and expenses for tax calculation unless a different basis is approved by the director-general. The accrual basis requires that:
BoI special deduction could create a double-edged sword
Business, Lawalliance Limited Company, Published on 10/02/2015
» The promotional programme of the Board of Investment (BoI), with its tax incentives, has often been considered by business operators a potential source of tax indulgences to take advantage of. Complex rules must be followed to enjoy the incentives, one of which eliminates tax on dividends paid from profits from BoI-promoted operations. But beware of the distortions that can result when it comes to determining the net amount of dividends that can be paid tax-free.