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Legal Briefing
Thailand tax advice: Thai Supreme Court ends controversy on head office expense deduction and the sale with right of redemption
Practice Area: Corporation Tax
Sector: Real estate
Jurisdiction: Thailand
Published: 10 November 2010
Law Firm: DFDL Mekong
Overview
In this month’s edition on tax advice in Laos, DFDL Mekong discusses:
Thai Supreme Court ends controversy on head office expense deduction: One of the most controversial Thai tax issues for branches (and, so it seems, for subsidiaries) of foreign multinationals has come to a close in Thailand with the Supreme Court's decision in the Deutsche Bank case.
The sale with right of redemption: a viable alternative to the mortgage - Thai law provides a means of real security and an alternative to the mortgage, the so-called Sale with Right of Redemption (Thai: “Khai Fah”). It is governed by Sections 491 ff. of the Thai Civil and Commercial Code (“CCC”) and it involves a conditional transfer of ownership that can be redeemed under certain circumstances.
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