Tax

Featured Publication: Thailand Tax Overview
Contacts
T: +66 2056 5534
T: +66 2056 5508
T: +84 24 3772 5633
T: +855 23 964 210

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.

Datesort icon Title
November 13, 2020

Tilleke & Gibbins Named Thailand Firm of the Year in Who’s Who Legal Awards 2020

Tilleke & Gibbins has been named Thailand Firm of the Year at the Who’s Who Legal Awards 2020, held on November 12, 2020. Notably, this award marks the fifth consecutive...

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November 10, 2020

Tiziana Sucharitkul Speaks at IBA 2020

Tiziana Sucharitkul

On November 19, 2020, Tiziana Sucharitkul, co-managing partner at Tilleke & Gibbins and director of the firm's regional disputes resolution practice, will join a panel of managing partners...

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November 6, 2020

Tilleke & Gibbins Nominated for Three Women in Business Law Awards Asia-Pacific 2020

Tilleke & Gibbins has been nominated in three firm-wide categories in the Women in Business Law Awards Asia-Pacific 2020. The awards, which are organized each year by Euromoney to recognize...

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October 29, 2020

AMCHAM Thailand Recognizes Tilleke & Gibbins at 2020 CSR Excellence Awards

On Tuesday, October 27, Tilleke & Gibbins was singled out for an award for exceptional corporate social responsibility (CSR) work during the past 12 months at the 2020 CSR Excellence Awards,...

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September 21, 2020

Asialaw Profiles 2021: Tilleke & Gibbins Dominates the Thailand Rankings

The recent publication of Asialaw Profiles 2021, a guide to the leading Asian law firms, saw Tilleke & Gibbins further maintaining its dominance of the legal market in Thailand. The...

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Datesort icon Title
April 2, 2020

Thai Government Approves COVID-19 Tax Relief Measures

Varapa Aurat

The economic impact of the COVID-19 pandemic has led Thailand’s Ministry of Finance, with the approval of the cabinet, to implement tax and non-tax relief measures to aid the general public,...

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March 31, 2020

Vietnam Imposes Measures to Fight COVID-19

Vinh Quoc Nguyen, Giang Thi Lan Nguyen

Due to the complicated and unpredictable developments of the COVID-19 pandemic, the Vietnamese government has taken various measures, which have grown more stringent over time, to combat the...

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March 24, 2020

Tax Incentives for Investment in Thailand’s Super Savings Fund Scheme

Varapa Aurat

On March 13, 2020, the Revenue Department of Thailand issued Notification of the Director General of Revenue Concerning Income Tax (No. 369) Re: Criteria, Methods and Conditions for Income Tax...

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March 19, 2020

COVID-19 Status Update for Southeast Asia - March 18, 2020

The effects of the global COVID-19 pandemic on Southeast Asia are a deep concern shared by all with connections to the region. To encourage clear understanding of the facts on the ground, Tilleke...

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March 17, 2020

Update to the Land and Building Tax Act: Exemptions and Reductions

Chaiwat Keratisuthisathorn

Under the new Land and Building Tax Act B.E. 2562 (2019), individuals and juristic persons who have ownership, possessory, or usage rights over land or buildings (including condominium units) as...

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