Royal Decree No. 801 allows companies to claim an additional corporate income tax deduction of 100% for employee training expenses in Secondary Tourist Provinces and 50% for other locations, covering costs incurred between October 29 and De…
In early 2024 Baker Tilly Myanmar expanded its growth by partnering with May & Partners. While Baker Tilly Myanmar continues to provide professional accounting and business consultancy services It is now able to provide Audit Services l…
Hire Purchase and leasing are financial solutions where corporate taxpayers are planning to purchase/lease the assets for use in their business. There are some key differences in tax treatments of hire purchase and leasing (focusing on fina…
In today's world when running a company, high staff turnover rates and low productivity are among the most pressing challenges to deal with. While the worst case scenario of retaining underperforming staff while losing top talent is unfortu…
In order to stimulate domestic spending in early 2024 a personal income tax deduction up to THB 50,000 is granted to an individual taxpayer who purchases certain domestic goods and services from 1 January 2024 to 15 February 2024.
Further Guidance for interpretation on Foreign-Sourced Income
Previously, the Revenue Departmental Instruction No. Paw 161/2566 (“Paw 161”) regarding assessable income under Section 41 paragraph 2 of the Thailand Revenue Code (“TRC”) was …
From 1 January 2024 onwards, a taxpayer who has offshore income from employment, from a business abroad or from a property situated abroad must pay tax in Thailand regardless of whether such income is remitted into Thailand within the same …
A common issue in multinational companies is purchasing goods or services from essentially themselves. How do they price these transactions, and how is tax handled?
See our guide below on how transfer pricing is managed in Thailand. For mo…
Long hours each week at our desks at the office inevitably plays a significant role in shaping our daily routines and habits. The idea of taking care of our physical health has always been subconsciously embedded in the back of our minds as…
On Thursday 22nd of September Baker Tilly sponsored the memorial event for our beloved and respected executive chairman, Mr. John Ginnane, on 22nd September 2022. Hosted at O’Malleys Irish pub on Silom road.
A final gathering with his rela…
We chat to Serene(Grace) from our Baker Tilly Thailand office in Thailand was recently accepted to Cornell University to do her MBA. Cornell University is an Ivy league school in New York rated as one of the top universities in the world. …
