Tilleke & Gibbins’ tax team was engaged to provide tax planning advice for a leading Asian technology company ahead of its proposed business collaboration in Thailand. Among other things, we advised the client to change the structure of their proposed collaboration to minimize tax exposure, as their initial structure would have triggered the need to register an unincorporated joint venture for tax purposes, which would be subject to 20% corporate income tax, and a number of other onerous tax compliance requirements.
Our team’s in-depth understanding of Thai tax law and strategic advice helped the client structure their business model to minimize unnecessary tax exposure, saving the client substantial amounts of money over the long term.
