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
August 18, 2017

Fifteen Tilleke & Gibbins Attorneys Recognized in Asialaw Leading Lawyers 2017

In the 2017 edition of Asialaw Leading Lawyers, a guide to the most preeminent practitioners of law in the Asia-Pacific, 15 lawyers at Tilleke & Gibbins have been recognized for the...

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July 31, 2017

Tilleke & Gibbins Nominated for Three TrustLaw Pro Bono Awards

In recognition of Tilleke & Gibbins’ pro bono practice, our firm has been nominated for the following awards at the 2017 TrustLaw Awards:

May 23, 2017

Who’s Who Legal Recognizes Tilleke & Gibbins with 2017 Country Award for Thailand

Tiziana Sucharitkul, Darani Vachanavuttivong

Tilleke & Gibbins has won the 2017 Who’s Who Legal Country Award for Thailand at a ceremony that took place at Plaisterers’ Hall in London on May 15. This is the second year that the Thailand...

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April 12, 2017

Tilleke & Gibbins Named ALB Employer of Choice 2017

For the fifth year in a row, Tilleke & Gibbins has been named “Employer of Choice” in Thailand in a survey conducted by Asian Legal Business.

The rankings were determined...

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April 12, 2017

ALB Southeast Asia Law Awards 2017: Tilleke & Gibbins Earns Nominations in Four Categories

Tilleke & Gibbins has been nominated for two national categories and two regional categories in the Asian Legal Business  Southeast Asia Law Awards 2017. This year’s winners will...

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Datesort icon Title
April 3, 2015

Effects of a Land and Buildings Tax on Condo Owners

Kasamesunt Teerasitsathaporn

As has been widely reported, the Finance Ministry has proposed a new property tax on land and building owners. However, Prime Minister Prayut Chan-o-cha has decided to delay the new tax, citing...

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January 16, 2015

The International Comparative Legal Guide to: Franchise 2015 – Vietnam Chapter

Tu Ngoc Trinh

Jim Dao and Tu Ngoc Trinh, registered foreign attorney and attorney-at-law of the Tilleke & Gibbins corporate and commercial group in Vietnam, have coauthored the Vietnam chapter of The...

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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...

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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...

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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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