Publications
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As a part of our corporate social responsibility commitment DUENSING KIPPEN provides regular legal column contributions to numerous international, national and local hard and soft copy publications including: our regular legal column in The Phuket News newspaper, Mondaq, the Danish - Thai Trade News, Tropical Living magazine, Director magazine, Exotiq magazine, Samui - Phangan Real Estate magazine, The Pattaya Mail newspaper, Samui Express newspaper, Chiang Mai Mail newspaper and many others. We also make these publications available here below.
Taxation of personal rental income in Thailand
Many purchasers of real estate in Thailand are not using their newly purchased home as a permanent personal residence. Such assets are often meant to be used as a holiday home only and are unoccupied for the remainder of the year.
Taxes and fee payable when you sell your land, house, or condominium in Thailand
Ownership of land, house, or condominium unit is transferred by a written registration at the authorized Land Department Office in Thailand. The transaction is recorded on the title deed in the case of land and condominiums and other documents, in the case of a house.
Thailand’s (outdated) House and Land Tax, often overlooked and potentially very costly
If you or your company own a condominium unit or villa here in Thailand that was used, even if only for one day, by someone other than its legal owner (with or without you having received rental income), then you or your company have incurred liability under the House and Land Tax Act (A.D. 1932) (“HLT“). The HLT is imposed on the owner of such structures, if they receive or should have received, rental income.
The EU’s Generalized System of Preferences and its impact on Thailand
Since 1971, the EU’s Generalized System of Preferences (GSP) allows developing countries easier market access to the European Union through tariff reductions. It is a unilateral measure by the EU and there is no expectation or requirement that this access is reciprocated by the countries concerned.
The new corporate income tax rates in Thailand
After 2011 elections in Thailand there was little discussion about the new government’s plan to reduce the corporate income tax rates (“CITR”). Attention focused mostly on the potential negative impact of the minimum wage rate increase on businesses in Thailand being proposed by the new government.