Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
Whether serving public sector organisations, owner managed businesses, private individuals or listed companies with overseas operations, our goal is to help our clients achieve their ambitions.
Also effective 1 January 2008 (i.e. from and including the 2008 accounting period) the first THB 150,000 of a Small and Medium Enterprise’s taxable income is exempt from corporate income tax. An SME is a Thai company having paid up capital of not more than THB 5 million at the end of its accounting period.
On Thursday 31 July 2008, we witnessed “a first” for Thailand … the Government’s actual use of Revenue Code Section 37 … an anti-tax evasion provision that has been there since 1959.
New Accelerated Depreciation Allowances
CIFAC readers will recall that on 6 March this year we reported to you about the Government’s approval of the 2008 tax stimulus package.
2008 Financial Markets Meltdown
Taxation of Share Buy-Back Transactions
As a result of the 2008 financial markets meltdown, you could experience some publicly listed companies offering to buy-back your shares.
Taxpayers who suffer losses from a natural disasters of such as floods, windstorms, fires or other type including and those who support disaster relief through donations either in cash or in kind for disasters which have occurred after 1 January 2011 shall be eligible for a tax exemption in accordance with the Royal Decree 527 (“RD 527”) as follows:
Royal Decree Numbers 530 and 531 have reduced the corporate income tax rate for companies, juristic partnerships and listed companies effective from 21 December 2011 and which are detailed below.
What can be deducted under Thai tax law?
All companies operating in Thailand are subject to Thai corporate income tax (“CIT”), calculated on net profits.
Both tax reviews and tax health check-ups are used for a review aimed at identifying any potential tax exposures arising from missing or incomplete tax filings/documentation. This article also focuses on the benefits of conducting a “tax due diligence” during a business acquisition, the main objective of which is also to minimise tax exposure.