Bangkok, Aug 3 – Sansiri Public Company Limited (SIRI) clarifies land purchases. Ownership transfer is an operation that the Department of Lands is in accordance with the law. The contract specifying the duty to pay tax belongs to the seller, stating that “Srettha” is only the approver of the budget.
Mr. Uthai Uthaisangsuk, Chief Operating Officer of Sansiri Public Company Limited, clarified that according to news reports referring to Mr. Srettha Thavisin, when he was the top executive and director of the Company, he was involved in Tax evasion in land sales by SIRI has cost the state hundreds of millions of baht in revenue. The company would like to clarify that Mr. Srettha has completely performed his duties in safeguarding the interests of the company. and is not involved in and aware of the process of transferring ownership of such land Because it is a process that occurs after the purchase and sale contract and is the responsibility of the land recruitment team. Since the said land purchase transaction is a normal practice in the real estate development business, the Company hereby confirms that it has proceeded in accordance with the principles of good governance. Legal, transparent and verifiable
– The contract to buy and sell the land between SIRI and the seller requires the seller to be responsible for all taxes, fees and expenses for transferring ownership while SIRI is obligated to pay the price in full as agreed and accept the transfer of land ownership only. Was not aware of or involved in any way or conduct. seller’s taxation and received no benefit from tax savings and seller transfer costs
– In SIRI’s land purchase, Mr. Srettha, as the CEO, was only involved in the land purchase approval process. By considering numbers and information that the Company’s land acquisition team has prepared and presented to the executive meeting for consideration and submission to the Company’s Board of Directors to approve the purchase of land and investment, Mr. Srettha therefore approved only the price. and investment value only As for the contract to buy and sell the land, the payment and the transfer of ownership will be the duty of the land recruitment team who will be responsible for all management and coordination.
– After SIRI has entered into an agreement to buy and sell and place a deposit to buy land for a period of several months. before the transfer of ownership The seller is the one who informs about the details of how to transfer the ownership and pay the remaining price to know that he wants to transfer only the part according to the list of land owners. The land selection team has considered that it can operate legally. And it still complies with the terms of the contract. In addition, it does not affect the fact that SIRI will receive the transfer of ownership of the land completely according to the agreed contract. and did not cause the Company to be damaged or have any expenses In addition to what was agreed in any way. The land acquisition team therefore decided to proceed as the seller notified.
– SIRI pays for almost all of the above plots of land by check and cashier’s check. By paying only 301,000 baht in cash, there was not a large amount of cash payment as claimed. The land officer recorded that the land purchase was paid by cashier’s check. The remainder paid in cash is because SIRI had already paid the deposit to the seller under the contract several months before the land ownership registration date.
– The transfer of ownership of such plots of land is carried out by the Department of Lands in accordance with relevant laws and regulations. and the registration fee has been paid Withholding tax, specific business tax/stamp duty As already charged. – Thai News Agency
Source: Thai News Agency