Thai Unit of Toyota Motor Corporation ordered to Pay Extra Taxes
Nikkei Asia reported that:
Thailand Supreme Court on Thursday upheld a lower court ruling that the local unit of Toyota Motor Corp. owed the government 10 billion baht ($272.11 million) in extra taxes for importing components not subject to a reduced tariff.
Nikki Asia reported that “Toyota’s Thailand unit in a written statement said it was paying the lower tax rate for imported...
Anti-CorruptionAnti-Money LaunderingAnti-Trust & Trade Competition RegulationCommercialCompany Formation, Corporate Advice & Corporate Secretarial ServicesConstruction & PropertyCorporate/M&AData Protection & Information TechnologyDispute ResolutionEmployment LawFinancing & TradeFranchising AgreementsInsolvency & RestructuringInvestments & Company Formation29 November, 2020by Legal Analytics
Top 12 Things to Keep in Mind When Planning on Doing Business in Thailand
The top 12 things to keep in mind when planning to do business in Thailand:
1. Foreign Ownership of Companies and Land: This is often a surprise for business people and lawyers operating in more open economies, but foreigners are prohibited from owning land (absent narrow exceptions) and foreign majority owned businesses are prohibited from engaging in a wide range of...