Thai court changes rule on share values
November 12, 2008
Transfer pricing advisers in Thailand are warning companies using a specific holding company investment structure that traditional treatment of their tax liability is changing
“It has been a practice that if a Thai holding company holds shares in a non-listed company, the determination of share value for capital-gains tax purposes is based on either the selling price or the book value of the sold shares, whichever is the greater,” write Thanasak Chanyapoon and Piphob Veraphong of Law Alliance in a recent article in the Bangkok Post. “Now it seems that this longstanding rule has been changed.”
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