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Global Transfer Pricing Review: Thailand

The reduction of the corporate income tax rate from 30 percent to 20 percent in 2013 has increased the Thai Revenue Department’s (TRD) focus on tax compliance and tax collection transfer pricing is one of the major audit areas by the TRD as the tax assessment can be significant. Based on the current practice, the transfer pricing issues are not limited to the taxpayers who are under the supervision of the Large Taxation Organization (LTO) at the TRD headquarters but also those under the supervision of the local tax offices could be questioned by the local tax authorities. KPMG in Thailand has observed more and more cases where the local tax authorities rather than the headquarters of TRD have questioned transfer pricing issues during their routine tax audits which may lead to detailed transfer pricing audits. There is an increase in investigations of inter-company service transactions.

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Additional Info

Field Value
Document type Analysis, discussion papers, and blogs
Language of document
  • English
Topics Taxation
Geographic area (spatial range)
  • Thailand
Copyright Yes
Access and use constraints

© 2014 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved. Users are encouraged to print or distribute content (e.g., via link on a social network) provided that: The use of the content is personal and noncommercial. All copyright, trademark and similar notices are retained.

Version / Edition 2014
License CC-BY-3.0-IGO
Contact

Kullakattimas Benjamas Tel: +66 2 677 2426 Email: Benjamas@kpmg.co.th Pinmaneekul Abhisit Tel: +66 2 677 2470 Email: abhisit@kpmg.co.th

Author (corporate) KPMG
Publisher KPMG
Publication date 2014
Pagination 5
Keywords V4MF,FLEGT,Transfer Pricing,Tax treaty
Date uploaded July 17, 2018, 15:20 (UTC)
Date modified October 22, 2018, 04:09 (UTC)