Showing 21-30 of 38 results
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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.
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Inheritance tax bill needs a major rethink
Business, Lawalliance Limited Company, Published on 18/11/2014
» The public has had no chance even to glance at the draft inheritance tax (IHT) bill so far despite its farreaching implications. Most of the talk that has taken place has relied on hearsay information, creating more and more confusion as well as concern nationwide.
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Can inheritance tax work?
Business, Lawalliance Limited Company, Published on 09/09/2014
» Now that we have new cabinet ministers to drive the economy forward, the next expectation is for martial law to be lifted so that foreign investors and tourists can feel more comfortable about returning to Thailand. Meanwhile, the junta is determined to quickly show the people some signs of genuine reform, so it’s no surprise it has revived the idea of an inheritance tax (IHT).
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Failure to launch: Tax concerns stall much-needed infrastructure funds
Business, Lawalliance Limited Company, Published on 23/09/2014
» Tax matters continue to attract a lot of attention in Thailand. This past week, the government finally confirmed that corporate income tax in 2015 would remain at 20% of net profit, while progressive tax rates for individual taxpayers had been adjusted downward on incomes below 4 million baht.
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Fighting against VAT double trouble
Business, Lawalliance Limited Company, Published on 29/07/2014
» Businesses could regularly face tax difficulties if a tax regulator ignores what has been the core purpose, or the so-called “spirit of law”, and adhere too much to the physical wording of legislation.
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Property Tax: more questions than answers under proposed law changes
Business, Lawalliance Limited Company, Published on 26/08/2014
» One major reform the National Council for Peace and Order (NCPO) is keen on carrying out involves the house and land tax regime. By taxing holdings of real property, the government can raise more revenue while reducing the gap between rich and poor. In short, the rich, who have more property, will have to pay more taxes. In addition, reforms could reduce the financial burden on local administrative bodies.
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Taxing Group Term Life Policies
Business, Lawalliance Limited Company, Published on 25/03/2014
» If you plan to buy a life insurance policy on your own, it’s not much of a problem from the tax aspect. Of course, you need to think a bit if the premium you are paying actually qualifies for the tax deduction up to 100,000 baht per year. The real concern in this case is that you are using your after-tax money to buy it, which is not very effective tax planning.
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New year TAX update: Corporate reorganisation and others
Business, Lawalliance Limited Company, Published on 14/01/2014
» During the festive season, several new tax laws were passed quietly while all worried eyes were on Thailand's growing political uncertainty. The changes to the progressive rates for personal income tax, which offer lower tax brackets, have already been well publicised. However, the following developments are also worth studying:
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Should you claim foreign tax as an expense or credit?
Business, Lawalliance Limited Company, Published on 28/01/2014
» Thailand's economy is not off to a good start for 2014. Amid political clashes, the private sector sees the need to rely on its own resources to compete in the world market, as it will take a long time before a new government can lend a hand in driving the economy.
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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.
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