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Taxation Planning, Audits and Refunds Nobody likes to pay taxes! However, as nobody likes to go to jail either, it is a pretty safe bet that we will all paying them at some stage. So in accepting the inevitability of paying taxes it does not mean that we should pay any more than we have to. That is where strategic Tax Planning comes in.Tax Planning is all about structuring your personal finances, business and investment strategies to make the best use of current legislation in Thailand in order to reduce your tax bills. Another important aspect of the relationship between the companies and the Revenue Dept is the generally accepted idea that is very hard to obtain your due tax refunds, without having to go through some painstaking audits and investigations resulting in the application of penalties. To this extent one very important service our Company can provide, is to take over the task of initiating and completing the refund procedures of all types of Taxes with the Revenue Department. Tax Planning Considerations Tax Planning covers potential liability to taxes in many areas: Income Tax Inheritance Tax Corporate Taxes Property Taxes Property & Other Assets How you structure ownership and control of your property and other assets can have a dramatic affect on your tax liability. Use of offshore corporate structures and other more complex strategies may be required but can only be considered after assessing all of the facts concerning each client's personal and unique circumstances. So first step as always; come and have a chat and a cup of our delicious coffee and let us see just what we could do to save more of your hard-earned profits from falling into the hands of the Revenue department! For more information on how we can help with your tax planning requirements please email us at |
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