Thailand Legal and Business News: October 2010

Supreme Court Opinions

GROUNDS FOR DIVORCE
Mrs. Prapai Tanonkaew vs. Mr. Kitipoom Phetyoi

The Defendant sent a letter of complaint to the Plaintiff’s superior and instructor that the Plaintiff committed adultery with other woman. This matter is regarded as the personal behavior of the Plaintiff. The Defendant who is the wife of the Plaintiff has the right to express her love and jealousness upon her husband. Her request to the Plaintiff’s superior and instructor to admonish the Plaintiff to think of his family is not regarded as humiliating the Plaintiff’s reputation. No severe disciplinary punishment was executed.

SUBLET AGREEMENT TRANSFER THE LEASED PROPERTY
Ms. Suwanna Sae-heur vs. Mr. Komrat Maliwongse

The 30 years land leased contract indicated that leased for construction the buildings and there was no tea money for the lease. T, the former lessor and the three Defendants did not designate the construction period and the amount of the buildings that the three Defendants is going to build up on the leased land. From the contract, it is cleared that the three Defendants have right to construct the building in any quantity and at any time during the leased period. And in setting the new agreement on constructing period.

NON-MONETARY DAMAGES AND ACTING ON BEHALF OF A MINOR
Mr.Chaot-uthai Fuungsiriviboon vs. Mr. Boonruen Netniyom

The plaintiff claims for compensation in cause of action on tort. The defendant argued that the plaintiff’s lawful father made a contract of compromise regarding damages so there is no current right to claim the compensation of the plaintiff. The Court judged that the legal representative of the Plaintiff made the contract of compromise relating to the property of the minor without Court consent which is a void act. The right to claim has therefore not expired.

Credits:

Based in Bangkok, the full practice law firm of Chaninat and Leeds assisted with the content of Thailand Law forum. Thai attorneys specialize in asset protection in Thailand.

Thailand Legal News Updates:

NEWS :

Tax Deduction for Pensions Approved by Thai Cabinet

21 October 2010

The Thai Cabinet approved a new tax deduction on Wednesday, to allow consumers purchasing pension insurance policies to deduct as much as 200,000 baht, or not more than 15% of their income, from personal taxable income. This deduction is intended to encourage people with disposable income to start saving, creating a retirement account for themselves for when they reach old age.

Total insurance premium deductions, including current life insurance deductions, can not exceed 300,000 baht.

It still remains uncertain whether currently existing pension policies will be eligible for the new tax benefits.

Presently, taxpayers in Thailand can deduct up to 100,000 baht a year for their life insurance premiums from their taxable income. If a tax payer takes advantage of the new tax incentive, they can deduct a maximum amount of 300,000 baht per year for their insurance-premium.

The new tax measure is being instituted to entice more people to sign up for insurance policies for health coverage and financial security later in life.

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