Tax exemption for new investors – What about the old one?
January 6 2012 Categories: Thailand Taxes No comments yet
According to the Bangkok Post Thailand Finance Ministry is working on a new incentive to attract new foreign investors. This new incentive would entitle said new foreign investors to a 15 years tax break.
While this certainly is a nice idea the fact is that tax incentive in itself will not sufficient to attract foreign investors in the current context of political instability. Furthermore giving such a prime to new foreign investors may seems unfair to “old” foreign investors and even Thai investors who have suffered through 3 years of continuous political crisis and are still suffering today of its effects. Old foreign investors and Thai investors would deserve some consideration from the Finance Ministry.
About the Author:
The author Rene-Philippe DUBOUT is a lawyer since 1990 when he was admitted to Geneva bar (Switzerland). He practiced as a litigator there for 10 years until he moved to Thailand in 1999. In 2002 he founded with a group of Thai lawyers Rene Philippe & Partners Ltd a local law firm that specialized in Cross Borders Investments and Real Estate. He has been lecturing in several Thai Universities and a speaker to numerous conferences and seminars. He is the author of a must read book:”How to Purchase Real Estate Offshore Safely: The Case of Thailand”.
http//:www.renephilippe.com
© Copyrights 2009 – Rene Philippe Dubout – This article may be reprinted if information about the author, the websites, and the URLs remain intact
Originally posted 2010-05-24 09:53:07.
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