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Thai Agency to Spell Out Rules on Transfer Pricing.

Bangkok Post (Bangkok, Thailand)

| June 01, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Wichit Sirithaveeporn

Jun. 1--The Revenue Department will explain the guidelines on transfer pricing to about 2,000 local companies and multinationals next month.

Transfer prices are charged by individual entities in a group of related corporations on transactions among themselves. The prices often differ from those that would be charged by unrelated parties. In general, the transfer price is often considered to be a means of avoiding tax.

Many multinationals operating in Thailand used transfer pricing, said Suparat Khawatkul, the department's director-general.

While determination of prices for their services or products by ...

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