Ensure fair and just audits and avoid abusive taxation
5 Sep 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS
Choosing between a tax appeal and a tax refund
19 Sep 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Choosing between a tax appeal and a tax refund You may be surprised to learn that some people do not always claim the preferable tax treatment offered by the government. This is not a surprise to those of us who deal with taxation professionally, as some …
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Determination of Section 40(8) income
22 Aug 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Determination of Section 40(8) income The government recently introduced a tax incentive programme to encourage individuals, including ordinary partnerships and groups of persons, to reorganise their businesses and operate them in the form of a company limited or a juristic partnership. This would make it easier …
The importance of the effective date in tax laws
8 Aug 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS The importance of the effective date in tax laws The government of Prime Minister Prayut Chan-o-cha has passed a number of tax laws and regulations — far more than its predecessors in the previous decade of political turmoil — since coming to power in 2014. Keeping …
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Tax issues and business transfers: The devil is in the details
25 Jul 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Tax issues and business transfers: The devil is in the details Ever since tax incentives for business reorganisation were introduced two decades ago, different issues have arisen intermittently, especially as they relate to an entire business transfer (EBT), which has become a popular practice. Unlike a statutory merger, …
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Changing rules for applying foreign tax credits
12 Jul 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS >Changing rules for applying foreign tax credits One of the original principles outlined in the OECD Model Tax Convention is that no taxpayer should be taxed repeatedly on the same amount of income earned from a cross-border transaction. This situation is referred to as "juridical double …
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Understanding the tax liabilities of partners in an unincorporated joint venture
27 Jun 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Understanding the tax liabilities of partners in an unincorporated joint venture
Looking for Tax Incentives? Make sure you comply
13 Jun 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS Looking for Tax Incentives? Make sure you comply Tax incentives can be as sweet as honey, but making a mistake in compliance, inadvertently or otherwise, can leave a taste as bitter as gall. Corporate taxpayers have learned this painful lesson in light of court rulings on …
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New Tax Legislation to comply with Fatca
16 May 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS New Tax Legislation to comply with Fatca On March 4 last year, Thailand and the United States entered into an agreement to improve international tax compliance and to implement the Foreign Account Tax Compliance Act (Fatca), which Washington introduced in 2010 in an attempt to discourage …
When the spirit of the law shines
2 May 2017 at 04:00 NEWSPAPER SECTION: BUSINESS When the spirit of the law shines The current government has been trying very hard to make Thailand a jurisdiction that places more emphasis on substance and less on surface appearances. This is evident in recent legal reforms, but the attitudes of state authorities remain problematic. Many …