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.
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.
Why you should NOT use a Thai company to buy a home in Thailand – PART 1
According to Section 1012 of the Civil and Commercial Code of Thailand (the “CCC”), the purpose of forming a limited liability company is to make profit. However, in Thailand, especially in its resort destinations, such companies have frequently been used for a different purpose.
Why you should NOT use a Thai company to buy a home in Thailand – PART 2
In part 1 of this blog we outlined the potential negative corporate income tax consequences where a Thai company is used to own a holiday home in Thailand. We also detailed the potential personal income tax liability of a director using such holiday home as his residence as well as the potential withholding tax liabilities that the Thai company itself would incur as a result of such use.