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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April 16, 2020

Laos Extends COVID-19 Lockdown Measures to May 3

Dino Santaniello

On April 15, 2020, the Lao Prime Minister’s Office issued Notification No. 481/PMO, which provides further recommendations on the implementation of PM Order No. 06/PM issued on March 29, 2020,...

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April 10, 2020

Cambodia Issues Tax Relief Measures for Textile and Garment Enterprises to Mitigate EBA Suspension

Nitikar Nith, Jay Cohen

On March 24, 2020, Cambodia’s Ministry of Economy and Finance issued Prakas No. 319 MoEF.Br.K on Tax Measures to Mitigate the Effect of Challenges on Textile and Garment...

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April 10, 2020

Bank of Thailand’s Economic Relief Measures for SMEs Affected By COVID-19 as of April 7

Cynthia M. Pornavalai

Faced with the specter of corporate liquidity problems brought about by the COVID-19 pandemic, the Thai government and the Bank of Thailand (BOT) have announced an array of measures to assist...

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April 3, 2020

Laos Provides Tax Relief and Other Measures to Reduce the Economic Impact of COVID-19

Dino Santaniello

On April 2, the prime minister of Laos issued the Decision on the Policies and Measures to Reduce the Impact from the COVID-19 Pandemic. A number of the measures announced will affect locally...

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April 2, 2020

Hanoi Issues Further Guidelines on Implementation of COVID-19 Directive

Vinh Quoc Nguyen, Thomas J. Treutler, Kien Trung Trinh

On March 31, 2020, Vietnam issued Directive No. 16/CT-TTg of the Prime Minister of Vietnam, setting out a wide range of social distancing measures, which we covered in an earlier client alert (...

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