Taxation

 

For the vast majority of businesses in Thailand, taxes are unavoidable. For many seeking to reduce their tax liabilities, the Thai taxation regime can be a challenging and complex area to navigate. This is especially true for those involved in cross-border commercial transactions and international business.

At Korpniti, our lawyers are always up-to-date on the latest tax developments in the Kingdom. We can advise clients on a wide range of tax matters and deliver solutions to business and inheritance tax planning issues that prioritise asset protection and minimise tax liabilities.

Through working with other professional service providers such as accountants and auditors where necessary, we provide an integrated approach towards all issues related to tax, including tax structuring and tax risk management.

Our lawyers have also developed considerable knowledge on the Revenue Department’s policies and decision-making processes in relation to accepted tax minimisation and management practices, tax structuring strategies, and tax solutions. Where possible, we can attempt to connect clients with Revenue Department officials and help facilitate a swift resolution of tax disputes depending on the circumstances. We can assist clients resolve their tax disputes and have represented clients in tax litigation and tax audits.

We can advise and assist clients on all matters related to taxation, including:

  • Asset protection

  • Business structuring and tax considerations

  • Business tax planning

  • Direct taxes (such as corporate income tax (CIT), income tax, and specific business tax (SBT))

  • Dispute resolution – tax disputes and litigation in the Tax Court

  • Employment tax issues

  • Estate administration and tax planning

  • Foreign direct investment (FDI) and tax incentives

  • Indirect and other taxes (value added tax (VAT), import duty, excise tax, interior tax, inheritance tax, stamp duty, signboard tax, property tax, withholding tax)

  • Insight into Revenue Department policies, processes, and decision-making

  • International tax

  • Mergers and acquisitions

  • Private equity

  • Reporting and compliance obligations

  • Social security

  • Tax audits

  • Tax management, minimisation, and restructuring

  • Transfer pricing