Capital reductions in Thailand under the Revenue Code
This note explores section 40 (4) (D) of the Revenue Code as it pertains to the application of income tax to income received by a shareholder as a result of a reduction of capital in a company.
This note explores section 40 (4) (D) of the Revenue Code as it pertains to the application of income tax to income received by a shareholder as a result of a reduction of capital in a company.