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The Withholding Tax trap on bank fees
Published: 23 Apr 2013 at 00.00
Newspaper section: Business
Handling the 5% Tax Assessment
Published: 7 May 2013 at 00.00
Newspaper section: Business
Handling the 5% Tax Assessment
In the real world, your company may come across a situation in which a financial statement cannot be signed off because of some problems. For example, conflict from changing the licensed auditor from one house to another often delays the audit process as the old one may refuse to cooperate and return necessary documents. Violating Securities and Exchange Commission rules, such as for a connected transaction, could also be the cause of postponing the completion of the financial statement until the problem can be resolved.
Supreme Court Sets Precedent on Royalties
Published: 9 Apr 2013 at 00.00
Newspaper section: Business
Supreme Court Sets Precedent on Royalties
Taxpayers and the Revenue Department have been locked in endless disputes over the nature of fees paid to offshore service providers. Should such fees be classified as "royalties" or "service fees" under an agreement for avoidance of double taxation, more commonly known as a tax treaty?
Tax impact from new accounting standards and what to expect
Published: 26 Mar 2013 at 00.00
Newspaper section: Business
Private schools need fairer treatment
Published: 12 Mar 2013 at 00.00
Newspaper section: Business
Private schools need fairer treatment
The status of all private schools in Thailand has changed since the Private School Act B.E. 2550 (PSA 2550) was passed in 2007 and became effective from Jan 9, 2008, but confusion and ambiguity remain on many fronts.
Avoiding the pitfalls of real estate investment trusts
Published: 29 Jan 2013 at 00.00
Newspaper section: Business
Avoiding the pitfalls of real estate investment trusts
Effective from Jan 1, 2013 onwards, Thailand has a new alternative investment vehicle, the Real Estate Investment Trust (REIT), which provides greater flexibility in managing real estate assets. Interestingly, the REIT can not only invest in Thailand but also in real assets situated abroad. As the baht gains against major currencies, the REIT seems to have come at the right time, just as foreign investors have been shifting funds here.
Capitalising taxable income over 90 years? Yes, It can be done
Published: 26 Feb 2013 at 00.00
Newspaper section: Business
Capitalising taxable income over 90 years? Yes, It can be done
Zero-Rated Vat: A snag in expert reports
Published: 12 Feb 2013 at 00.00
Newspaper section: Business
Facts to know before claiming LTF and RMF tax benefits
Toward the end of the year, there is always a rush by middle to upper-income earners to invest in Retirement Mutual Funds (RMF) and Long Term Equity Funds (LTF) to obtain the greatest tax savings possible for the current year and, at the same time, to maintain the previous year's tax exemption privilege.
What has been done to help SMEs?
The 300-baht daily minimum wage has been the talk of the town and its impact has already affected the operations of many businesses since it took effect in April in Bangkok and six other developed provinces. On Jan 1 the wage will rise to 300 baht in the remaining 70 provinces of the country, with further challenges expected for many employers.