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 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.
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 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.
What to know and do about bad debts in Thailand – Part II
In Part I of this two part article we noted the importance for your company to comply with the legal requirements to “write‐off” uncollectable or “Bad Debts” so that your company would not be required to pay income tax on these uncollected monies. And we saw that under Section 65 of the Thailand Revenue Code (“RC“) and Ministry of Finance regulation No. 186 (1991) (“MR”) in order for Bad Debts to be written‐off they generally my have (1) arisen from your company’s business and (2) it must not be too late to file a court action to collect them.