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
November 12, 2015

The Legal 500 Asia Pacific 2016: Ten Tilleke Attorneys Named as “Leading Individuals”

In the 2016 edition of The Legal 500 Asia Pacific, ten Tilleke & Gibbins lawyers were recognized as “Leading Individuals” in the fields of corporate and M&A; dispute resolution;...

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October 8, 2015

Asian-Mena Counsel: Tilleke & Gibbins Receives Firm of the Year Awards in Thailand and Vietnam

Asian-Mena Counsel  magazine has named Tilleke & Gibbins as Thailand Firm of the Year in Intellectual Property and Vietnam Firm of the Year in Life Sciences in its “In-House...

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October 5, 2015

Euromoney Asia Women in Business Law Awards 2015: Tilleke & Gibbins Nominated in Four Categories

Darani Vachanavuttivong, Tiziana Sucharitkul, Sukontip Jitmongkolthong

Tilleke & Gibbins has been shortlisted in four categories in the Euromoney Legal Media Group Asia Women in Business Law Awards 2015. The awards recognize leading individuals in practice area...

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September 28, 2015

Tilleke & Gibbins Named Domestic Law Firm of the Year at TrustLaw Awards

Based on our “effort and enthusiasm in supporting pro bono clients over the last year,” Tilleke & Gibbins has been named the “2015 Domestic Law Firm of the Year” at this year’s TrustLaw Awards...

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August 14, 2015

Tilleke & Gibbins Nominated for TrustLaw Pro Bono Award

John King

In recognition of Tilleke & Gibbins’ pro bono practice, our firm has been nominated as “2015 Domestic Law Firm of the Year” at this year’s TrustLaw Awards. Our nomination in this category is...

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Datesort icon Title
November 16, 2017

Myanmar: Changes to Fiscal Year Calendar and MIC Benefits

Yuwadee Thean-ngarm

As part of overall efforts to improve the business environment in Myanmar, the Union Government recently announced changes to the nation’s fiscal year calendar, while the Myanmar Investment...

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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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