Those with interconnected transactions of no more than Bt30 million per year will be exempt from the reporting. “The amendment to this legislation aims to prevent the transfer of assets and profits to an enterprise with less income or the transfer of assets overseas, or so-called transfer pricing for tax avoidance. Asset transfers for tax avoidance is called the use of tax havens. The exemption of personal income tax for foreign disabled people aged no more than 65 on annual income of no more than Bt190,000 had been proposed by the Ministry of Finance (MOF). Some 618 residential units will be developed in Mae Tha district of Lampang, 584 units in Mueang district of Chiang Mai, 352 units in Mueang district of Chiang Rai, 322 units in Mueang district of Nakhon Phanom, 292 units in Mueang district of Khon Kaen, 264 units in Mueang district of Udon Thani, and 186 residential units in Sattahip district of Chonburi.

Source: The Nation Bangkok January 03, 2018 18:00 UTC