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).
Tax
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:
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Advised a Singaporean company on setting up a representative office in Vietnam and handled all post-licensing matters, including providing tax and banking advice.
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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.
| Name | Position | Office | Contact |
|---|---|---|---|
|
Nandana Indananda |
Partner | Bangkok |
+66 2653 5879 |
|
Sriwan Puapondh |
Partner | Bangkok |
+66 2653 5700 |
|
Thawat Damsa-ard |
Partner | Bangkok |
+66 2653 5500 |
|
Thomas J. Treutler |
Partner | Hanoi |
+84 4 3772 5633 |
|
Doan Ngoc Tran |
Associate | Ho Chi Minh City |
+84 8 3936 2060 |
|
Noppadon Treepetchara |
Associate | Bangkok |
+66 2653 5791 |
Date |
Title |
|---|---|
| March 2, 2012 |
Nine Tilleke & Gibbins Attorneys Recognized by Chambers Asia-Pacific 2012 Cynthia M. Pornavalai, Darani Vachanavuttivong, Thawat Damsa-ard, Sriwan Puapondh, Hassana Chira-aphakul, Alan Adcock, Michael K. Lee, Thomas J. Treutler, Nga Thi Phi Nguyen Nine attorneys at Tilleke & Gibbins were individually recognized by Chambers Asia-Pacific 2012 for outstanding work on behalf of their clients over the past year. The following... |
| December 28, 2011 |
Oxford Business Group and Tilleke & Gibbins Seal Third Partnership for 2012 Publication Tiziana Sucharitkul Oxford Business Group (OBG), the global publishing, research and consultancy company, has renewed its partnership with Tilleke & Gibbins for its latest report on Thailand’s economy. As... |
| December 22, 2011 |
Tilleke & Gibbins Shortlisted for Thailand Firm of the Year Award by Chambers Asia-Pacific Darani Vachanavuttivong, Tiziana Sucharitkul Tilleke & Gibbins has been nominated for the Thailand Firm of the Year Award by Chambers Asia-Pacific, a leading guide to the legal profession in the region. The Chambers Asia-Pacific... |
| December 9, 2011 |
Tilleke & Gibbins Named Best Firm in Thailand at Asia Women in Business Law Awards Darani Vachanavuttivong, Tiziana Sucharitkul Tilleke & Gibbins was named “Best Firm in Thailand” at the inaugural Asia Women in Business Law Awards, held at the Jockey Club in Hong Kong on December 8, 2011. Representing Tilleke &... |
| November 4, 2011 |
Eight Tilleke & Gibbins Attorneys Honored by Legal 500 Piyanuj (Lui) Ratprasatporn, Tiziana Sucharitkul, Thawat Damsa-ard, Chinachart Vatanasuchart, Darani Vachanavuttivong, Alan Adcock, Jeffrey J. Blatt, Sriwan Puapondh In the 2011 edition of The Legal 500 Asia Pacific, eight Tilleke & Gibbins attorneys were recognized as leading practitioners in their areas of practice in Thailand. This included:... |
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Date |
Title |
|---|---|
| February 22, 2012 |
IP Holding Vehicles: Singapore vs. Hong Kong Alan Adcock With intellectual property playing an ever-increasing role in economic development, the need to harness, promote, and protect ASEAN innovation has become more urgent as integration progresses.... |
| January 4, 2012 |
Lex Mundi Guide to Doing Business in Thailand 2012 This guide provides a detailed overview of doing business in Thailand. Topics covered in the guide include investment, import and export regulations, exchange controls, tax, requirements for... |
| December 23, 2011 |
PLC Doing Business in … Multi-Jurisdictional Guide 2012 – Thailand Chapter Sriwan Puapondh, Hiranrat Chakartnarodom, David Duncan, Chaiwat Keratisuthisathorn, Michael Ramirez, Anake Rattanajitbanjong, Siripong Siriworanark This chapter provides an overview of the legal system and key laws for foreign companies doing business in Thailand. Presented in a question-and-answer format, the chapter examines the rules... |
| December 14, 2011 |
Thailand Legal Basics, a valuable primer for foreign investors, begins with an overview of Thailand’s legal system, including its history and the events and professionals that are shaping... |
| September 5, 2011 |
International Franchising – Thailand Chapter Sriwan Puapondh, Alan Adcock Trademarks, tax, and termination are the terms in a franchise agreement most likely to cause trouble for a franchisor in Asia. In Thailand, many of the world’s most successful franchise models... |
