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The Central Tax Court has recently overrode their previous ruling in the NMB Minibea Case on determination of profit and loss of a business obtaining an investment promotion from the Board of Investment (BOI), upholding the criteria and methods prescribed by the Revenu...

Judicial general anti-avoidance rules (GAAR) have emerged in Thailand, so its time to refresh your mindset on taxation.

 

In the recent decades, many countries and international organizations have been very active in developing tools to tackle tax avoidance. These tools...

February 27, 2015

 

The Act on Amendment to the Customs Tariff Decree B.E. 2530 (No. 8), B.E. 2557 (2014) publicized in the Government Gazette on 4/12/2015 will become effective on 4/3/2015.

 

Apart from the delegation of a legislative power to the Minister of Finance to ease alteration to...

February 27, 2015

 

The Debt Collection Act was recently passed by the National Legislative Assembly and will come into force at the end of the 180 days of the publication in the Government Gazette.

 

Contrary to the initial draft approved by the Cabinet, the definition of “debt collectors...

February 19, 2015

 

Thai Supreme Court (Dhika Court) recently ruled that the share premium paid to a company upon its increase of capital for the specific purpose of settlement of debts to its creditors immediately followed by its liquidation was deemed taxable income of the Company.

 

Pre...

January 30, 2015

 

Thai Revenue Department (the "RD") just issued a new regulation on stamp duty, negating the prevailing deferral of payment for stamp duty on real property lease agreement and service contract.

 

Principally, stamp duty is imposed on various contracts and instruments, e....

January 20, 2015

According to the Notifications of the Director-General of the Revenue Department No. 194-197, as from January 1, 2015:

 

1.   All tax invoices issued for sale of goods or services must contain all of the following details:

 

  • Tax ID No. of the buyer of the goods or...

December 10, 2014

Driven by the vision “To promote valuable investment, both investment in Thailand and Thai overseas investment, in order to enhance the nation’s competitiveness, to overcome the “middle income trap” and to achieve sustainable growth in accordance with the philosophy of...

November 20, 2014

Thai general collateral law, i.e. Title XI and XII of the Civil & Commercial Code of Thailand (CCC), has been amended and will become effective as of 11/2/2015. The amendments are meant to confer to guarantors and mortgagors more right protection and justice, and defin...

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