Showing 1-3 of 3 results
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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.
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Another shockwave for real property
Business, Lawalliance Limited Company, Published on 01/11/2016
» It is undeniable that real property has taken the biggest hit from the tax policies of the current military government. The new gift and inheritance taxes focus on real property, while the new property tax is designed to correct the flaws of the House and Land Tax Act and to collect more revenue from properties used for commercial purposes as well as unused properties. The latter tax is expected to generate huge sums for the government.
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New rules for TAX invoices
Business, Lawalliance Limited Company, Published on 22/10/2013
» Earlier this year, the Revenue Department issued notifications that require extra information to be specified in tax invoices and debit or credit notes. On the surface, these notifications may not appear very exciting compared with those relevant to mergers and acquisitions, real estate investment trusts or some capital market transactions. But they could cause headaches for businesses that are not aware of the implications.
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