Tax

Featured Publication: Thailand Tax Overview
Contacts
T: +66 2056 5700
T: +84 24 3772 5633

T: +66 2056 5995
T: +66 2056 5995

Tilleke & Gibbins is consistently recognized as a top tax practice in Thailand. The Legal 500 Asia Pacific credits the firm with “excellent levels of service,” “prompt response times,” and “clear and well-structured advice.” 

We dedicate our thorough understanding of Thailand’s tax regime to helping clients achieve their business objectives, while also maximizing tax benefits and minimizing tax liabilities. We advise on an array of tax matters, including customs duties, excise tax, specific business tax, transfer pricing, petroleum income tax, corporate income tax, property and land tax, tax planning, double taxation treaties, personal income tax, stamp duties, signboard tax, and value added tax (VAT). 

Market leaders in diverse sectors—including financial, manufacturing, consumer goods, construction, and energy—seek our advice in tax matters that span the spectrum of business activities. Whether tax considerations drive or are considered concomitantly with the deal, we draw upon our knowledge in banking and finance, bankruptcy and restructuring, commercial transactions and M&A, corporate services, employment, family law, insurance, intellectual property, property, and regulatory affairs. If litigation is required, we team up with specialized tax practitioners in our dispute resolution and litigation group.

Read about our representative work below. We have: 

  • Advised a global leader in the heavy industries sector on various tax matters related to the supply and installation of a production platform, bridges, and a flare tower in a petroleum concession (total contract price was approximately USD 1,000,000,000).

  • Acted as the exclusive Thai tax advisor to a fully integrated oil and gas corporation on various tax matters, including customs, VAT, and income tax matters and tax planning for the sale and distribution of new petroleum products in Thailand; transfer pricing issues for various sale and service transactions with its parent company; permanent establishment issues related to the sale of goods by its foreign affiliates in Thailand; and the proper structure for capital increase and loan payments to its parent/affiliate.

  • Acted as the exclusive tax advisor for a leading automaker. We advised the client on various tax matters, including tax implications and tax planning for tool sharing and various domestic and cross-border transactions with other company units, tax planning for various business operation and sales promotion plans, transfer pricing issues, and Free Zone implementation. As a result of our advice in these areas, our client was able to realize significant tax savings.

  • Advised a leading international pharmacy-led health and beauty group, which operates more than 3,200 health and beauty retail outlets around the world, on structuring corporate relationships with major department stores in Thailand, transfer pricing issues, and cross-border transactions with other company units abroad.

  • Advised a major bank in the UK, with significant retail and commercial operations in more than 50 countries around the world, on the legal and tax implications of the Long Term Cash Plan, the Private Pension Plan, and the Executive Share Award Scheme for executives who are resident in Thailand. This involved the review of hundreds of documents in relation to these executive plans. We also provide yearly updates on the legal and tax implications of these plans.

  • Acted as the Thai tax advisor to a land-based component of a leading liner shipping company on business structure, tax planning, sale of assets, and transfer pricing issues.

  • Advised one of the world’s top furniture retailers on preferential duty concessions and tax matters related to its franchise business in Thailand and sale transactions between related companies in the group.

  • Advised an international technology company on operating a representative office in Vietnam, including advising on the scope of work of a representative office, employment matters, tax matters, and government filing requirements. We prepared Vietnamese and English versions of labor contracts.

  • Advised a Singaporean company on setting up a representative office in Vietnam and handled all post-licensing matters, including providing tax and banking advice. 

  • Provided guidance to multinational corporations on tax planning and structuring business projects in Thailand, transfer pricing regulations, tax implications of financing transactions, negotiating/appealing decisions of the Revenue Department, and other tax‐related issues.

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Name Positionsort icon Office

Doan Ngoc Tran

T:+84 28 3936 2060

E-mail

Associate
Ho Chi Minh City

Noppadon Treepetchara

T:+66 2056 5791

E-mail

Associate
Bangkok

Anyamani Yimsaard

T:+66 2056 5776

E-mail

Associate
Bangkok

Kasma Visitkitjakarn

T:+66 2056 5542

E-mail

Associate
Bangkok

Ratchakrit Roonpho

T:+66 2056 5783

E-mail

Associate
Bangkok

Weerawat Distapinyo

T:+66 2056 5508

E-mail

Associate
Bangkok

Sophea Sin

T:+855 23 964 210

E-mail

Associate
Phnom Penh

Daraboth Kim

T:+855 23 964 210

E-mail

Associate
Phnom Penh

Sriwan Puapondh

T:+66 2056 5700

E-mail

Of Counsel
Bangkok

Nandana Indananda

T:+66 2056 5879

E-mail

Partner
Bangkok
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Date Titlesort icon
June 16, 2016

AEC Business Leader Program: Presentation on Law and Tax in Myanmar

Yuwadee Thean-ngarm

Yuwadee Thean-ngarm, a consultant in Tilleke & Gibbins’ Yangon office, will serve as a speaker at Bangkok Bank’s “AEC Business Leader Program,” a program that delivers insights and learning...

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January 10, 2013

Alan Adcock to Present on Franchising in ASEAN at Dataconsult Event on January 24

Alan Adcock

Franchising is an increasingly popular business model in Thailand, with over 400 franchisors and 10,000 franchisees currently operating in the Kingdom. Despite this popularity, there are no...

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June 9, 2015

ALB Diversity List 2015: Tilleke & Gibbins Counted Among Top Firms

Tiziana Sucharitkul, Darani Vachanavuttivong

Tilleke & Gibbins has been included in the first edition of the Diversity List, a list compiled by Asian Legal Business—forming part of the magazine’s “Women in Law” feature—that...

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March 16, 2015

ALB Power List 2015: Tilleke & Gibbins Ranked Among Top Law Firms in Asia

Placing our firm at the pinnacle of Asia’s legal market, Asian Legal Business  has ranked Tilleke & Gibbins among the top ten “domestic” law firms in Asia in the inaugural...

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April 28, 2016

ALB SEA Law Awards 2016: Tilleke & Gibbins Nominated in Three Firm of the Year Categories

Darani Vachanavuttivong, Tiziana Sucharitkul, Thomas J. Treutler

The nominees of Asian Legal Business’s Southeast Asia Law Awards 2016 have been announced, and Tilleke & Gibbins has secured nominations in three categories, as follows:

Date Titlesort icon
February 15, 2016

Grace Period to Pay Stamp Duty in Myanmar

If you have existing contracts or are contemplating execution of new contracts in Myanmar, you should be aware of a recent announcement made by the Internal Revenue Department (IRD). The...

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March 16, 2009

A Summary of Thailand’s Tax Laws

Sriwan Puapondh, Kobkit Thienpreecha

This 34-page guide provides a comprehensive summary of Thailand’s tax laws. The authors provide a full overview of income taxes as they apply to business entities and individuals in Thailand. The...

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April 16, 2009

Bangkok Report – The Songkran (Thai New Year) Skirmish of 2009

David Lyman

This open letter from David Lyman to the clients of Tilleke & Gibbins addresses the events that unfolded in April 2009, when political demonstrations—sometimes violent—took place in Bangkok...

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February 9, 2016

Cambodia: New Taxpayer Classes and Fees for Patent Tax

David Mol, Sophea Sin

Cambodia has introduced a new law and subsequent regulations which categorize all taxpayers into one of three classes based on criteria relating to their size. Each class has a different annual...

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August 4, 2011

Creating Incentives: Cross-Border M&A in Thailand

Cynthia M. Pornavalai

Recognizing the importance of foreign investment for its economic growth, Thailand has through the years relaxed restrictive investment laws and regulations, thus favorably positioning itself as a...

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