M&A Monthly Reports : August 2007

Proposed Amendment to Calculate Personal Income Tax Recently, the Revenue Department is studying an amendment that could reduce the personal income tax.  Under the current law, the income of wife …

M&A Monthly Reports : July 2007

Written Off – Account Receivable Based on the Ministerial Regulation No. 186 – allowed to be written off from the debtors account shall be of the following nature: (1)   Debts …

M&A Monthly Reports : June 2007

Retail Business Act update The Retail Business Act is unlikely to be implemented during the term of the current government, due to the Council of State’s delay in approving the …

M&A Monthly Reports : March 2007

Tax Benefit on education or training expenses Revenue Code (publication 437) B.E. 2005 Under this Revenue Code, there are two cases of tax exemption for company or partnership; the exemptions …

M&A Monthly Reports : January 2007

The Amendment of the Foreign Business Act B.E 2542 (1999) Currently, the government is considering the amendment of the Foreign Business Act B.E. 2542 (1999), the factors behind the amendments …

M&A Monthly Reports : December 2006

New foreign capital reserve rule On 18th December 2006, the Bank of Thailand has issued the measure to help maintain stability in the Thai baht which is conducive to sustained long-run …

M&A Monthly Reports : October 2006

Liability of the Shareholders and the Directors of the Company to the Third Persons Liability of Shareholders Pursuant to the Civil and Commercial Code of Thailand, the liability of the …