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.
The Thailand “Hotel Tax”
The surprising increase of the so called “local tax” for hotels from 1% to 2% in Phang Nga Province created a fear among hotel business operators in other provinces of Thailand that they could also be affected by an increase or the establishment of such “local tax”. In the following we would like to explain briefly the legal basis of such local “tax” and whom it affects.
What is the “official value” of a BUILDING in Thailand and why does it matter?
Ownership of land, house and/or a condominium unit is legally transferred by a written registration at the relevant authorized Land Office. In general, the current fee and taxes applicable to and payable upon the registration of such change of ownership of an immovable property are the: 1) transfer fee; 2) income tax (payable as withholding tax); and 3) stamp duty or specific business tax/local development tax.
What is the “official value” of LAND in Thailand and why does it matter?
Ownership of land, house and/or a condominium unit is legally transferred by a written registration at the relevant authorized Land Office. In general, the current fee and taxes applicable to and payable upon the registration of such change of ownership of an immovable property are the: 1) transfer fee; 2) income tax (payable as withholding tax); and 3) stamp duty or specific business tax/local development tax.
What is the “official value” of a CONDOMINIUM in Thailand and why does it matter?
In this blog will examine the Land Office’s appraised value of condominium units. The appraised value of a condominium unit is of significant importance for the calculation of fees and taxes upon transfer of such unit.
What to know and do about bad debts in Thailand – Part I
Is your company unable to collect money from a person that owes you certain funds? In that case your company might be eligible to write‐off that Bad Debt. From a corporate accounting perspective, a “Bad Debt” is generally defined as an account receivable that is uncollectable.