
With a balance of local knowledge and a strong international capability, we are well positioned to help companies understand and manage the opportunities and threats of operating in the region. This edition of Grant Thornton’s Asia Pacific tax newsletter provides summaries of the recent taxation changes and updates from China, Hong Kong, India, Japan, New Zealand, Taiwan and Thailand.

While Thailand starts the long cleanup process following the recent devastating floods, we are aware that many people and organisations are in need of assistance. We have prepared this short guide to surviving the immediate crisis and the support available to you through various assistance programs supported by government and industry.

The disastrous floods that have destroyed and damaged a vast number of manufacturing factories in Thailand during October 2011 have created a number of tax and customs duty issues that must be addressed as part of 'recovery operations'. We have provided information containing factors to be considered such as Issues of Concern, Worst Case Scenario, Duty Free Zone, BOI Incentives and Other Suggestions.

When it comes to something as important as succession planning, you can't afford to leave things to chance. This publication highlights the issues you might need to consider when choosing the successor for your business.

Privately held businesses owners seek an effective transfer of ownership at critical stages of the business cycle or as their personal ambitions develop. With an effective plan, the future of the business will not be put in jeopardy and the owner will not suffer adverse financial or tax consequences.

As companies start to face the potentially-long tail end of the recession, Grant Thornton continues to provide advice on best practices for these circumstances. In particular, for many organizations, one important piece of advice is to take a serious look at cost management at this time.

In this guide, Grant Thornton in Thailand provides an overview of the recent major economic events, a brief assessment of how they may affect the typical business, and a 10-point checklist of things to consider as you manage through this difficult time.