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Bangkok Post, Thailand, Tax Column.
Byline: By
Apr. 3--Thai businesses can expect a gift from the Revenue Department after Songkran -- Thai transfer pricing rules.
In advance of the rules being issued, the department has sent letters to a number of companies requesting transfer pricing documentation.
At a KPMG seminar last week, Satit Rungkasiri, director of the department's tax planning bureau, outlined the process followed in developing the rules.
The department considered whether the existing tax laws gave it sufficient power to make tax adjustments for non-arm's length pricing between related parties. Arm's length pricing arises where related companies establish prices between themselves as if they were acting independently.
The department concluded that the current laws are sufficient, but that an ...
- Thailand: Revenue Department paying more attention to transfer pricing.
- News wire article from: Asia Africa Intelligence Wire October 19, 2005 700+ words
...first of the transfer-pricing guidelines were introduced, transfer pricing has increasingly come under the Revenue Department's spotlight...LTO) of the Revenue Department, a specialised transfer-pricing group has been...
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- News wire article from: Business Line January 30, 2006 700+ words
...complying with transfer pricing regulations, the Revenue Department could compare...In fact, Revenue Department officials involved in transfer pricing audits have...2002). The Revenue Department has made transfer pricing adjustments...
- Thailand: Transfer Pricing explained.
- News wire article from: Thai Press Reports March 3, 2009 700+ words
...risk of a transfer pricing audit by the Revenue Department is likely...approach. The Revenue Department issued a...price for transfer pricing purposes...appropriate transfer pricing policy before...support to the Revenue Department is short...
- Thailand: Experts explain transfer pricing.
- News wire article from: Thai Press Reports February 20, 2006 700+ words
...leaders of transfer pricing team at Deloitte...application of the Thai Revenue Department's transfer pricing (TP) rules...authorities. The Thai Revenue Department's TP rules...the appropriate transfer pricing method for the...
- Thailand-based law firm Baker&McKenszie presents seminars on M&A and transfer...
- News wire article from: Asia Africa Intelligence Wire February 14, 2005 700+ words
...February 24 focuses on transfer pricing. Issues to be covered...companies can benefit; the Revenue Department's transfer-pricing rules; and the significance...value or market price in transfer pricing. Both events will be...
- OPINION: Thai Firms Must Comply with New Transfer Pricing Rules.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) May 22, 2002 700+ words
...anticipated Thai transfer pricing guidelines...toward the Revenue Department's policy...through abusive transfer pricing practices...documentation that Revenue Department officers...performing a transfer pricing examination...
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- News wire article from: Business Line July 23, 2001 700+ words
...existing transfer pricing regulation...price. The Revenue Department has now decided...shortly, the Revenue Department will prescribe...suggestions on transfer pricing understood...OECD. The Revenue Department has decided...
- Thai Agency to Spell Out Rules on Transfer Pricing.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) June 1, 2002 700+ words
...Wichit Sirithaveeporn Jun. 1--The Revenue Department will explain the guidelines on transfer pricing to about 2,000 local companies...multinationals operating in Thailand used transfer pricing, said Suparat Khawatkul, the department...
- Transfer pricing: opportunities and risks.
- News wire article from: Asia Africa Intelligence Wire June 28, 2005 700+ words
...opportunity to use transfer pricing frameworks to achieve...Thailand regarding transfer pricing hasn't changed significantly since transfer pricing regulations were...the scenes, the Revenue Department has been establishing...
- Thailand: PricewaterhouseCoopers explains transfer pricing.
- News wire article from: Asia Africa Intelligence Wire June 30, 2005 700+ words
...opportunity to use transfer pricing frameworks to achieve...Thailand regarding transfer pricing hasn't changed significantly since transfer pricing regulations were...the scenes, the Revenue Department has been establishing...
Source: HighBeam Research, Bangkok Post, Thailand, Tax Column.