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Multinationals May Calculate Taxes In Other Currencies

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Multinationals May Calculate Taxes In Other Currencies

By Sasiwan Mokkhasen, Staff Reporter -

 

Foreign-currency.jpg

Photo : Philip Brewer / Flickr

 

BANGKOK —  International companies operating in the kingdom can now work out their tax expenses in dollars, yen, rupees or any other currency, the cabinet said Tuesday.

 

In a bid to attract transnational companies to Thailand, the interim cabinet approved calculation of corporate income taxes and petroleum income taxes in foreign currencies instead of converting them into Thai baht.

 

Full story: http://www.khaosodenglish.com/news/business/2016/11/30/multinationals-may-calculate-taxes-currencies/

 
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-- © Copyright Khaosod English 2016-11-30

 

 

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