Tax

Featured Publication: Thailand Tax Overview
Contacts
T: +66 2056 5700
T: +84 4 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

Doan Ngoc Tran

T:+84 8 3936 2060

E-mail

Associate
Ho Chi Minh City

Kasma Visitkitjakarn

T:+66 2056 5542

E-mail

Associate
Bangkok

Luxsiri Supakijjanusorn

T:+66 2056 5535

E-mail

Associate
Bangkok
Yangon
Vientiane

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 10, 2017

Tilleke & Gibbins Earns Nominations for Tax Firm of the Year in Myanmar and Thailand in Asia Tax Awards 2017

Tilleke & Gibbins has been nominated for the International Tax Review’s Asia Tax Awards 2017 in two categories:

  • Myanmar National Tax Firm of the Year
  • Thailand...

    Read more

February 1, 2017

Chambers Asia-Pacific Awards 2017: Tilleke & Gibbins Top Contender for Thailand Law Firm of the Year Award

Darani Vachanavuttivong, Tiziana Sucharitkul

Tilleke & Gibbins has been nominated for the Thailand Law Firm of the Year Award 2017 by Chambers Asia-Pacific. The firm has been nominated for the award six times since 2010, and was...

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January 19, 2017

Tilleke & Gibbins Earns Spot in First-Ever “Emerging Markets Experts” List by Asian Legal Business

Tiziana Sucharitkul, Darani Vachanavuttivong

Asian Legal Business (ALB)  has published an “Emerging Markets Experts” list for the first time, with Tilleke & Gibbins among 11 firms across Asia named to the list.

...

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January 13, 2017

Fifteen Tilleke & Gibbins Lawyers Receive Recognition in Chambers Asia-Pacific 2017 Rankings

Chambers Asia-Pacific  has recognized 15 Tilleke & Gibbins lawyers and consultants for their impressive legal knowledge and expertise, capabilities, and client-focused services...

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January 13, 2017

Chambers Ranks Tilleke Tax Practice at Top of Thai Market

Tilleke & Gibbins’ tax practice group in Thailand has been recognized by Chambers Asia-Pacific  with a “Band 1” ranking. In the guide, the group was praised for its international...

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Datesort icon Title
January 7, 2015

Lex Mundi Guide to Doing Business in Thailand 2015

Tilleke & Gibbins, in association with Lex Mundi, has published the latest edition of the Guide to Doing Business in Thailand. The guide provides a comprehensive overview of the legal...

Read more

December 22, 2014

PLC Doing Business In … Multi-Jurisdictional Guide 2015 – Thailand Chapter

Darani Vachanavuttivong, Sriwan Puapondh, Kitti Thaisomboon, Michael Ramirez, Anake Rattanajitbanjong, Passanan Suwannoi, Kasma Visitkitjakarn, Penrurk Phetmani

Practical Law Company, in association with Lex Mundi, has published the latest edition of its Q&A guides to doing business worldwide. The Thailand chapter, authored by Tilleke & Gibbins...

Read more

December 22, 2014

PLC Doing Business In … Multi-Jurisdictional Guide 2015 – Myanmar Chapter

Michael Ramirez, Nwe Oo

In association with Lex Mundi, Practical Law Company has published the latest edition in its series of Q&A-style guides to doing business in jurisdictions around the world. The Myanmar chapter...

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October 28, 2014

International Franchising (Second Edition) – Thailand Chapter

Sriwan Puapondh, Alan Adcock

International Franchising, Second Edition (Release 3, 2014) has been published through Juris Publishing and edited by the Center for International Legal Studies. The guide provides expert...

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October 28, 2014

International Franchising (Second Edition) – Vietnam Chapter

Michael K. Lee, Jim Dao, Tu Ngoc Trinh

In Vietnam, franchising is an imprecise practice—although a system of registration and a set of regulations do exist, the framework lacks depth, which causes uncertainty for those wishing to...

Read more