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 [12], bankruptcy and restructuring [13], commercial transactions and M&A [14], corporate services [33], employment [17], family law [34], insurance [21], intellectual property [22], property [26], and regulatory affairs [27]. 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:

Featured Publication: Thailand Tax Overview

/resources/summary-thailand’s-tax-laws

Sriwan Puapondh [3]

Piyanuj (Lui) Ratprasatporn [5]

Thomas J. Treutler [35]

WEB062 [36]

WEB063 [37]

WEB069 [38]

WEB070 [39]

WEB071 [40]

WEB072 [41]

WEB073 [42]

L1036-18G; L1036-19L [43]

T1838-1G [44]

WEB105 [45]

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.

Name [46]	Position [47]	Office [48]	Contact [49]
Nandana Indananda [50]	Partner	Bangkok	nandana.i@tilleke.com [51] +66 2653 5879
Thawat Damsa-ard [52]	Partner	Bangkok	thawat.d@tilleke.com [53] +66 2653 5500
Thomas J. Treutler [35]	Partner	Hanoi	thomas.t@tilleke.com [8] +84 4 3772 5633
Sriwan Puapondh [3]	Of Counsel	Bangkok	sriwan.p@tilleke.com [4] +66 2653 5700
Doan Ngoc Tran [54]	Associate	Ho Chi Minh City	doan.t@tilleke.com [55] +84 8 3936 2060
Noppadon Treepetchara [56]	Associate	Bangkok	noppadon.t@tilleke.com [57] +66 2653 5791

Date [63]	Title [47]
March 1, 2013	Tilleke & Gibbins Ranked as a Top Tax Practice in Thailand by Chambers 2013 [64] In its annual Chambers Asia-Pacific guide for 2013, Chambers and Partners has ranked Tilleke & Gibbins as a Tier 1 firm for tax in Thailand. The publication praised the firm for... Read more [64]
March 1, 2013	Chambers Asia-Pacific 2013: Nine Tilleke & Gibbins Attorneys Listed as Leading Lawyers [65] Alan Adcock, Jeffrey J. Blatt, Thawat Damsa-ard, David Duncan, Michael K. Lee, Cynthia M. Pornavalai, Sriwan Puapondh, Thomas J. Treutler, Darani Vachanavuttivong In 2013 edition of Chambers Asia-Pacific, nine attorneys at Tilleke & Gibbins have been individually recognized for their outstanding work on behalf of their clients over the past... Read more [65]
January 10, 2013	Alan Adcock to Present on Franchising in ASEAN at Dataconsult Event on January 24 [66] Alan Adcock Franchising is an increasingly popular business model in Thailand, with over 400 franchisors and 10,000 franchisees currently operating in the Kingdom. Despite this popularity, there are no... Read more [66]
January 8, 2013	Tilleke & Gibbins Promotes Four to Partnership in Bangkok [67] Charunun Sathitsuksomboon, Kobkit Thienpreecha, Chusert Supasitthumrong, Sukontip Jitmongkolthong Leading Southeast Asian regional law firm Tilleke & Gibbins has promoted four attorneys to the firm’s partnership, effective January 2013. Coming from across the major practice groups... Read more [67]
December 21, 2012	Chambers Asia Pacific Awards 2013: Tilleke & Gibbins Shortlisted for Thailand Law Firm of the Year [68] Darani Vachanavuttivong, Tiziana Sucharitkul Recognizing the firm’s status in the upper echelon of the Thai legal market, Chambers and Partners has nominated Tilleke & Gibbins for its Thailand Law Firm of the Year award. The firm is one... Read more [68]

Date [63]	Title [47]
March 20, 2013	Lex Mundi Guide to Doing Business in Thailand 2013 [74] Published by Tilleke & Gibbins in association with Lex Mundi, the Guide to Doing Business in Thailand provides a comprehensive overview of the legal environment for investors entering... Read more [74]
March 6, 2013	International Franchising – Thailand Chapter [75] 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... Read more [75]
March 6, 2013	International Franchising – Vietnam Chapter [76] Thomas J. Treutler The streets of Hanoi are being slowly filled with popular brand names of international franchises like KFC, Lotteria, and Circle K. Yet, a foreign tourist wishing to find the nearest McDonald’s... Read more [76]
February 14, 2013	PLC Doing Business in … Multi-Jurisdictional Guide 2013 – Thailand Chapter [77] Pimvimol (June) Vipamaneerut, Kobkit Thienpreecha, Weerawat Distapinyo, David Duncan, Areeya Pornwiriyangkura, Sriwan Puapondh, Michael Ramirez, Anake Rattanajitbanjong, Passanan Suwannoi In association with Lex Mundi, Practical Law Company has now published the latest edition in its series of guides on how to do business in jurisdictions worldwide. The Thailand chapter, written by... Read more [77]
September 5, 2012	The Report: Thailand 2012 – Legal Framework [78] The Report: Thailand 2012, published by Oxford Business Group, provides an in-depth analysis of different sectors of the Thai economy. Tilleke & Gibbins contributed the legal section... Read more [78]