Showing 1-10 of 15 results
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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.
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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.
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What is contained in the Thai-Irish Double Taxation Treaty?
Business, Lawalliance Limited Company, Published on 29/12/2015
» Many of you may be busy this week spending 15,000 baht to qualify for the government's "gift" of tax savings before Dec 31. Overlooked in the holiday rush by all but a few businesses may be another important gift from the government -- a tax treaty between Thailand and Ireland.
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Should You Pay for Deferred Tax Assets?
Business, Lawalliance Limited Company, Published on 03/06/2014
» If you are planning to take over a company by purchasing shares, you may determine its value based on the book value in the statutory accounts, or you may adopt the income approach. Regardless of your approach, the issue of “deferred tax assets” could come into play.
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Timing for zero-rated VAT comes under challenge
Business, Lawalliance Limited Company, Published on 11/02/2014
» One of the key rationales for Thailand in abolishing the business tax in 1992 was that zero-rated value-added tax (VAT) granted to exporters of goods under the VAT regime is commonly accepted by developed countries. It is applied in compliance with international standards and cannot be deemed an unfair subsidy – hence reducing the chance that Thai exporters could face countervailing duties in retaliation. For this reason, Section 80/1(1) of the applicable law simply states:
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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.
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Big surprises await in revamped thailand singapore treaty
Business, Lawalliance Limited Company, Published on 30/07/2013
» After being in effect for more than 35 years, the Thailand-Singapore tax treaty is undergoing a major revamp.
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New personal income rates too late for 2013?
Business, Lawalliance Limited Company, Published on 21/05/2013
» In December last year, the cabinet approved new personal income tax rates to help people deal with the higher cost of living resulting from several factors including the rise in the minimum wage, and to make Thai personal income tax rates more competitive relative to those in other Asian countries.
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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.
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What has been done to help SMEs?
Business, Lawalliance Limited Company, Published on 18/12/2012
» The 300-baht daily minimum wage has been the talk of the town and its impact has already affected the operations of many businesses since it took effect in April in Bangkok and six other developed provinces. On Jan 1 the wage will rise to 300 baht in the remaining 70 provinces of the country, with further challenges expected for many employers.
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