Reading Time: 4 minutesWhilst a lot of discussion has been in made in recent times regarding the impact of the proposed seniority payments a much more significant and far-reaching area of tax reform is expected to be ushered into effect with the anticipated promulgation into law this month of the 2019 Law on Financial Management (2019LFM). Compared to […]
Thailand Tax Alert: The Thai Government Announces New International Business Center Incentives and the Cancellation of the IHQ Program
Reading Time: 2 minutesOn 10 October 2018, the Thai government announced the cessation of the International Headquarters (“IHQs”) program (which also included Regional Operating Headquarters or “ROHs” and International Trading Centers or “ITCs”) and the creation of a replacement initiative; International Business Centers (“IBCs”). The move is part the OECD Inclusive Framework for Base Erosion and Profit Shifting (“BEPS“). […]
Tax Mitigation (Legal) vs Tax Avoidance (Illegal) – How to make sure you aren’t breaking a law.
Reading Time: 7 minutesDeath and taxes As the old saying goes, there are only two constants in life – death and taxes. Whether you are a budding entrepreneur running your own business, or just an individual trying to cut down on expenses, minimizing taxes is a key objective we all pursue. Yet, it inevitably begs the question – […]