Showing 1-10 of 22 results
-
New tax legislation to comply with Fatca
Business, Lawalliance Limited Company, Published on 16/05/2017
» On March 4 last year, Thailand and the United States entered into an agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (Fatca), which Washington introduced in 2010 in an attempt to discourage tax evasion by US citizens holding assets abroad.
-
Cross-shareholding rules and dividend tax exemptions clarified
Business, Lawalliance Limited Company, Published on 19/04/2017
» Most people are aware that there are two major types of double taxation for income tax purposes. The first is juridical double taxation, in which one taxpayer is taxed twice on the same amount of income by two different jurisdictions. This is normally dealt with in the context of double-taxation agreements.
-
A closer look at the new Thailand-India tax treaty
Business, Lawalliance Limited Company, Published on 23/08/2016
» Businesses are increasingly seeking to avoid tax by exploiting gaps and mismatches in tax rules to artificially shift profits to low- or no-tax locations. Member states of the Organisation for Economic Co-operation and Development (OECD) have jointly set out action plans to address this problem. Some of these are reflected in the new Thailand-India Double Tax Treaty, which will take effect from Jan 1, 2017, replacing an accord that has been in force for 29 years.
-
E-payment and bank secrecy: what's next
Business, Lawalliance Limited Company, Published on 17/05/2016
» It has long been understood that a taxpayer has the right to a contractual arrangement that will allow him or her to incur the lowest tax cost where possible. Nothing in past constitutions or the new draft requires Thai nationals to choose a transaction that would expose the parties to the heaviest tax burden, as long as the transaction is within the law.
-
Bad debt write-offs and VAT impact
Business, Lawalliance Limited Company, Published on 03/05/2016
» One tax default can cause a domino effect and lead from one unpleasant outcome to another misfortune. One good example involves erroneously writing off bad debts.
-
Significant changes in the new Thai-Singaporean tax treaty
Business, Lawalliance Limited Company, Published on 15/12/2015
» Ever since Thailand and Singapore signed a new double-taxation treaty on June 11, numerous publications have provided outlines of what has changed from the original treaty that has been in effect for 40 years.
-
Testing the dividend exemption status
Business, Lawalliance Limited Company, Published on 21/10/2014
» Thai tax law does not have a concept of a "consolidated tax" for companies within the same group, and each company is treated as a separate taxable entity. Consequently, economic double taxation arises whereby profits that have already been taxed in the hands of an operating company could be taxed again and again in the hands of its corporate shareholder and so on, up to the top tier of the shareholding – hence reducing the rate of return to the investor.
-
Tax management amid political chaos
Business, Lawalliance Limited Company, Published on 03/12/2013
» Is anyone trying to convince you to join the anti-government protest by pursuing "civil disobedience" in not paying taxes? Regardless of whether the Yingluck Shinawatra government is your favourite or your lifelong hatred, no one can deny that the duty to pay tax is one of your commitments to this nation. If you decide not to do so, don't expect any amnesty law to release you from penalties and surcharges.
-
Tax reporting of OTC share transactions
Business, Lawalliance Limited Company, Published on 24/09/2013
» The government is currently struggling with an important decision as to whether it should increase the value-added tax (VAT) rate to cope with the need to cover the rising budget deficit. As the increase will certainly have a negative impact on living costs, raise inflation and reduce domestic consumption, some government officials favour expanding the tax base as much as possible in lieu of increasing the VAT rate.
-
Local improvement tax may be due for a facelift
Business, Lawalliance Limited Company, Published on 08/10/2013
» Very often, whenever the government of Thailand needs more revenues, the question arises of possibly raising the value-added tax (VAT), or applying a new property tax, such as a Land and Construction Tax, to replace the House and Land Tax and the Local Improvement Tax. These always come back to haunt the taxpayers.
Your recent history
-
Recently searched
-
Recently viewed links