We understand that our clients are simply to busy to read all newspapers and journals, to follow
up every single legal and tax updates. Hence, we make every effort to periodically gather
legal and tax updates and publish them through our newsletters
concerning change in law,
other developments that may impact our clients' businesses.
Our Publications:
Getting Away with It - Thai Tax Free Exchange for Residential Property
was published in the Property Report Magazine Edition September 2009
When it comes to tax planning for property investment in Thailandfs residential market,
one of the important aspects to consider is how to minimize the tax payable on capital gain
when selling of the property. The liability to pay the tax on capital gain from the sale of
the property may leave the decision on such investment unsettled.
The big question remains: is there any generous tax break available in town?
We have good tax news for you.
Our latest newsletters:
No. 37 Edition December 2009
• Ministry of Finance is Preparing to Launch Additional Tax Measures to Assist
the Tourism and Hotel Industry
• Government Opens One Start One Stop Investment Center
No. 36 Edition November 2009
• Corporate Taxpayersf Most Common Pitfalls in the Financial Statements
• Continued Exemption for Foreign Business Capital Requirement
No. 35 Edition October 2009
• Median Price of 1978 to 1981 Be Used for Assessment of Local Development Tax for 2009
• Amendment to the Definition of Property Lease in the Type of Leasing for Tax Purpose
No. 34 Edition September 2009
• Advance Ruling for Determination of Customs Value of Goods
• Department of Business Developmentfs Clarification Note on Allocation of
Legal Reserve of a Limited Company
• Department of Business Developmentfs Clarification Note on Election of
the Director to Fill up the Vacancy Occurring in the Board of Directors
No. 33 Edition August 2009
• The Cabinet Approves the Amendment Bill to Company Law
• Revenue Ruling on Importer's Royalty Payment to Overseas
No. 32 Edition July 2009
• Conditions for Tax-Free Business Transfer
• Tax Refund for any Person who Sold a Property before Continued Reduction of
Specific Business Tax Became Effective
• Clarification Note on the Practical Guidelines for Serving a Notice Calling for
a General Meeting of Shareholders of a Limited Company
• Clarification Note on the Non-Cash Payment for Share Subscription in the
Capital Increase of a Limited Company and a Public Limited Company
No. 31 Edition June 2009
• Exemption of Annual Fee for Factory Operators
• Conditions for Double Deduction for Seminar and Accommodation Rooms Expenses
• Conditions for Home Purchase Deduction
No. 30 Edition May 2009
• Tax Stimulus Package Becomes Effective
• Continued Reduction of Property Registration Fees and Specific Business Tax
for One More Year Becomes Effective
No. 29 Edition April 2009
• No Dividend Tax Credit for Beneficial Owner of Shares
• Tax Deduction for Homebuyer Becomes Effective
• Tax Privilege for Debt Restructure
No. 28 Edition March 2009
• New Ruling of the Board of Taxation on Loss Carry Forward of BOI Business
and Non-BOI Business
• Revenue Ruling on Tax Treatment of Severance Payment and Payment from a Provident Fund
• Changes to the Qualifications of Independent Directors of Listed Companies
No. 27 Edition February 2009
• Capital Market Supervisory Board Extends the Period for Exceptions to
the Tender Offer Requirements for Listed Companiesf Share Buyback to June 2009
• Revenue Ruling on Income Recognition of Insurance Reserves upon
Merger of General and Casualty Insurance Companies
• The Board of Investment Names 3 More Businesses as Target Sectors Eligible for
Tax Benefits under BOI Scheme
No. 26 Edition January 2009
• The Cabinet Approves the Tax Stimulus Package
• Interesting Revenue Ruling on Shorting a Stock
• Revenue Department's New Regulations Making Premium for Health Insurance
ineligible for Tax Deduction
No. 25 Edition December 2008
• Revenue Departmentfs Warning on Use of Parent Support Deduction
(Grateful Child Deduction)
• Individual Taxpayerfs Deductible Amounts for Investments in Retirement Mutual Fund
and Long Term Fund Are Temporarily Increased to Baht 700,000
No. 24 Edition November 2008
• Capital Market Supervisory Board Provides the New Exceptions to
the Tender Offer Requirements for Listed CompaniesfShare Buyback
• Premium for Health Insurance is No Longer Eligible for Tax Deduction
• New Safety Regulations for Construction Work
No. 23 Edition October 2008
• Revenue Ruling on Lease Back Structure for Real Estate Investment Trust
• Tax Deductibility of Official Fee Imposed on Registration of Land Lease
• Appointment of a Proxy of a Director for Attending a Meeting of Board of Directors of
Limited Company and Passing the Circular Resolution of a Board of Directors Are No Longer
Allowed under the New Notification of the Department of Business Development
• Royal Decree on Supervision of Electronic Payment Services
No. 22 Edition September 2008
• Change to Revenue Department Instruction on Interest/Cross Currency Swap Transaction
• Continued VAT Rate Reduction at 7% for Two More Years
• New Procedural Regulations for Consumer Case
No. 21 Edition August 2008
• Condominium Developer Can No Longer Charge a Condominium Purchaser the Assignment Fee
When a Purchaser Transfers the Right to a Third Party
• Tax Cut for Existing Listed Companies Comes Into Effect
• Extension of Listing Deadline for Tax Rate Reductions for Newly Listed Companies
• Accelerated Depreciation for Computer Program, Machine, Equipment of Machine and
SMEfs Property Becomes Effective
No. 20 Edition July 2008
• Supreme Court Ruling on Exchanged Cashflows Derived from Interest Rate Swap
• Labor Protection Act (No. 2), B.E. 2551 (2008) Imposes More Burdens on Corporate Thailand
No. 19 Edition June 2008
• Increases in Tax Deductions for RMF, LTF, Life Assurance, Provident Fund, and
Government Pension Fund Become Effective
• Revenue Ruling on Writing off Bad Debt Owed by Overseas Debtor
No. 18 Edition May 2008
• No More Dividend Tax Credit for Individual Shareholders of Company Paying
the Petroleum Income Tax according to the New Ruling of Board of Taxation
• Department of Business Development Issues the Warning on Holding General Meetings
of Limited Companies
No. 17 Edition April 2008
• Revenue Ruling on Business Assets Purchase at the Price Lower than the Market Price
(Negative Goodwill)
• Largest Tax Stimulus Package in Decade Becomes Effective
• New Guidelines for Foreign Business License Application
• Amendment Electronic Transactions Law
• New Law on Unsafe Goods
No. 16 Edition March 2008
• Bank of Thailandfs Cancellation of 30% Foreign Exchange Reserve Requirement on Capital Inflows
• Largest Tax Stimulus Package in Decade
• Condominium Act (No. 4), B.E. 2551 (2008)
To see our previously published newsletters, please click on the relevant edition year.
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