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.
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:
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.