Thailand Partial Business Transfers Tax
In April 2011 Royal Decree (No 516) was issued extending indefinitely the tax concessions for all Partial Business Transfer transactions carried out after 1 January 2011. This Tax Law Guide has been updated to reflect the issue of this new Royal Decree.
A Partial Business Transfer transaction in Thailand is carried out by one affiliated company transferring a part of its business operation to another affiliated company for enhancement of the efficiency and competitiveness of the affiliated companies.
The Revenue Code Prescriptions
For Partial Business Transfer transactions, the Thailand Revenue Code and Royal Decree No.516 prescribe as follows:
The Revenue Department's Conditions
The conditions prescribed by the Director-General of Revenue for Partial Business Transfer transactions are as follows:
This Tax Insight is general information only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.