Debt Restructuring in a Subsidiary

On 18 March 2014, the Revenue Department announced Instruction No. Paw. 146 which repeals Instruction No. Paw. 135/2551 issued in 2008.

Keywords: Mazars, Thailand, Tax, Revenue Department, Debt Restructuring, Subsidiary

26 May 2014

As a result, a Thai company is no longer allowed to deduct investment losses resulting from the dissolution and liquidation of its subsidiary company, if such a loss is incurred from an increase of capital in the subsidiary company in order to resolve the debt problems of the subsidiary.

For more information, please read the Instruction No. Paw. 146.

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