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.