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 Position Office

Nandana Indananda

T:+66 2056 5879

E-mail

Partner
Bangkok

Thawat Damsa-ard

T:+66 2056 5500

E-mail

Partner
Bangkok

Sriwan Puapondh

T:+66 2056 5700

E-mail

Of Counsel
Bangkok

Anyamani Yimsaard

T:+66 2056 5776

E-mail

Associate
Bangkok

Daraboth Kim

T:+855 23 964 210

E-mail

Associate
Phnom Penh

Doan Ngoc Tran

T:+84 28 3936 2060

E-mail

Associate
Ho Chi Minh City

Kasma Visitkitjakarn

T:+66 2056 5542

E-mail

Associate
Bangkok

Noppadon Treepetchara

T:+66 2056 5791

E-mail

Associate
Bangkok

Ratchakrit Roonpho

T:+66 2056 5783

E-mail

Associate
Bangkok

Sophea Sin

T:+855 23 964 210

E-mail

Associate
Phnom Penh
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Datesort icon Title
March 16, 2016

Training Course: ASEAN Business and Investment Law

Nandana Indananda, Cynthia M. Pornavalai, Kobkit Thienpreecha

Three Tilleke & Gibbins partners have been invited to lecture at the “ASEAN Business and Investment Law Training Course,” hosted by the Law and Development Research Center, Faculty of Law,...

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February 10, 2016

Tilleke & Gibbins’ Tax Team in Thailand Ranked in Top Band by Chambers

For the fourth consecutive year, Chambers Asia-Pacific  has awarded a “Band 1” ranking to Tilleke & Gibbins’ tax practice in Thailand. The rankings are based on factors such as...

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February 10, 2016

Fifteen Tilleke & Gibbins Lawyers Ranked in Chambers Asia-Pacific 2016

Fifteen Tilleke & Gibbins lawyers and consultants have been recognized for their outstanding legal knowledge and experience, ability, effectiveness, and client service in the latest ...

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January 26, 2016

Chambers Asia-Pacific Awards 2016: Tilleke & Gibbins Nominated as Thailand Law Firm of the Year

Tilleke & Gibbins has been nominated to win the highly coveted Thailand Law Firm of the Year Award 2016 by Chambers Asia-Pacific. The winner of this year’s award will be announced at...

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November 18, 2015

Asialaw Profiles 2016: Tilleke & Gibbins Receives Top Rankings in Four Countries

Asialaw Profiles, a guide to the Asia-Pacific’s leading domestic and regional law firms, has released its annual rankings, and Tilleke & Gibbins has received top rankings in Thailand...

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Datesort icon Title
August 31, 2017

Thailand Legal Basics

Thailand Legal Basics, a valuable primer for foreign investors, explores all aspects of living and doing business in Thailand. Written by Tilleke & Gibbins, the book begins with an...

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May 5, 2017

Lex Mundi Guide to Doing Business in Thailand 2017

As part of its membership in Lex Mundi, Tilleke & Gibbins has published an updated edition of its Guide to Doing Business in Thailand for 2017.This guide offers...

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March 17, 2017

Legal Framework to Promote Social Enterprises in Thailand

For some years now, the Thai government has had a policy of promoting social enterprises to improve the quality of life of the Thai people and enable the private sector to work with the government...

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February 27, 2017

PLC Agricultural Law Global Guide 2017 – Thailand Chapter

Salil Siriwat, Siradapat Ratanakorn, Chaiwat Keratisuthisathorn, Michael Ramirez

The Thailand chapter of Practical Law Company’s recently published Agricultural Law Global Guide  was written by lawyers from Tilleke & Gibbins. The guide provides a comparative...

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February 27, 2017

PLC Agricultural Law Global Guide 2017 – Vietnam Chapter

Kien Trung Trinh, Hien Thi Thu Vu, Linh Duy Mai

The latest edition of Practical Law Company’s Agricultural Law Global Guide  was recently published, with the Vietnam chapter written by lawyers from Tilleke & Gibbins. The guide...

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