The Organization for Economic Co-operation and Development (OECD) announced on 18 November 2019 that Thailand and other 14 countries are under the Stage 1 peer review on MAP, Action 14 of the BEPS Action...

Read more

For offences on the ground of bringing restricted items into Thailand under the 1926 Customs Act, Section 27 provides the penalty for each offence under a fine imposed in monetary terms at the rate...

Read more

When goods are imported into Thailand, action must be taken to ensure compliance with the law. For goods without import restrictions, importers may ask for them to be inspected and released from the Customs...

Read more

On 26 March 2019, the Act on Waiver of Penalties, Surcharges and Criminal Charges for Encouragement of Tax Compliance under the Revenue Code (“Act”) came into effect to offer a waiver of the penalties...

Read more

Claiming that you are innocent will not be of much help when dealing with a situation involving with a “false” or an “incorrect” tax invoice. Where a “false tax invoice” is issued, not only...

Read more

Decree encouraging individuals to adopt company structures raises questions and problems that are still being resolved Tax incentives often appear attractive in theory, but the reality of attempting to claim them can often cause difficulties...

Read more

Last year we were treated to some tortuous legal arguments about whether the Revenue Department could try to collect tax from former prime minister Thaksin Shinawatra on a share sale, even if it was...

Read more

Most people understand that the discharge of a debt by a creditor, or by someone else for the benefit of a debtor, could result in the debtor having taxable income equivalent to the amount...

Read more

Cooperating with revenue officials improves your chances of fair treatment, while proving force majeure is very difficult If you face a challenge from tax authorities, remember that the law can protect only those who cooperate...

Read more