Thailand Partial Business Transfers Tax
Update | April 2011
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 operations to another affiliated company for enhancement of the efficiency and the competitiveness of the affiliated companies.
For Partial Business Transfer transactions, the Thailand Revenue Code and Royal Decree No.516 prescribe as follows:
The conditions prescribed by the Director-General of Revenue for Partial Business Transfer transactions are as follows:
This is a general information Tax Insight Article only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.