Showing 31 - 40 of 53
Clearing up confusion over joint bank accounts
Business, Lawalliance Limited Company, Published on 07/04/2015
» The introduction of a new tax regime for unregistered partnerships this year has created a lot of anxiety for a lot of people. New legislation repealed an old rule that made it too easy for individuals to create separate taxable entities to reduce personal income tax liability.
Capital increases under the microscope
Business, Lawalliance Limited Company, Published on 24/02/2015
» Over the last couple of years, tax practitioners have become increasingly aware of suspicious or shady transactions, especially those without a genuine intention, being challenged more frequently by the Revenue Department.
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.
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.
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.
Dealing with losses from liquidating a subsidiary under the new regulation
Business, Lawalliance Limited Company, Published on 22/04/2014
» While most people were busy keeping up with the movements of the National Anti-Corruption Commission last month, there was one important development from the Revenue Department that could affect a number of group companies. Specifically, Regulation No. Por. 146/2014, issued by the director-general on March 18, disallows the write-off of investment losses by a parent company in a subsidiary in the course of the liquidation process.
Legal uncertainty poses risk for new partnerships
Business, Lawalliance Limited Company, Published on 13/08/2013
» Setting up an unregistered partnership to enter into a transaction such as providing services or leasing land plots has been a common technique for a long time. This year, things are going to change and require a closer look from the tax management perspective, especially when September is approaching and the half-year tax return needs to be prepared.
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.
The battle over boi tax treatment
Business, Lawalliance Limited Company, Published on 04/06/2013
» It is common nowadays to read about debates between the Finance Ministry and the Bank of Thailand over interest rates and economic figures. Similar spirited conversations have been taking place behind the scene about different topics between the Board of Investment (BoI) and the Revenue Department for quite some time.
Handling the 5% tax assessment
Business, Lawalliance Limited Company, Published on 07/05/2013
» In the real world, your company may come across a situation in which a financial statement cannot be signed off because of some problems. For example, conflict from changing the licensed auditor from one house to another often delays the audit process as the old one may refuse to cooperate and return necessary documents. Violating Securities and Exchange Commission rules, such as for a connected transaction, could also be the cause of postponing the completion of the financial statement until the problem can be resolved.