Thailand VAT RegistrationValue Added Tax (VAT) was implemented in Thailand in 1992 to replace Business Tax. VAT is an indirect tax imposed on the value added of each stage of production and distribution.

Speak to a qualified accountant in Thailand for more advice on paying Personal taxes, Corporate taxes and VAT for your business in Thailand.

With offices in Bangkok and Phuket and an excellent reputation in the expat community, we can assist you in Thailand with your business solutions. See details for the VAT registration system in the Kingdom.

VAT Registration
Before start of the business or within 15 days after the business reaches the income threshold, any person or entity who is liable to VAT in Thailand must register to be VAT registered person or entity (Form VAT 01).
The registration application must be submitted to Area Revenue Offices if the business is situated in Bangkok or to the Area Revenue Branch Offices if it is situated elsewhere.
Should taxpayer have several branches, registration application must be submitted to the Revenue Office where the Head Office is situated.

Tax Return and Payment

VAT taxable period is a calendar month. VAT return therefore must be filed on a monthly basis. VAT return (Form VAT 30) together with tax payment, if any, must be submitted to Area Revenue Branch Office within 15 days of the following month. If taxpayer has more than one place of business, each place of business must file the return and make a payment separately unless there is an approval from the Director-General of the Revenue Department. Services utilized in Thailand supplied by service providers in other countries are also subject to VAT in Thailand. In such a case, service recipient in Thailand is obliged to file VAT return (Form VAT 36) and pay tax, if any, on behalf of the service providers.

In the case where supply of goods or services is also subject to Excise tax, VAT return and tax payment, if any, must be submitted to the Excise Department together with Excise tax return and tax payment within 15 days of the following month. In case of imported goods, VAT return and tax payment must be submitted to the Customs Department at the point of import.

*Reference: Thailand Revenue Department (http://www.rd.go.th)

What we can do for you?
Tax Payments (VAT, Withholding Tax, Land Tax, Local Taxes)
Our accounting department can organize your company tax payments and other personal tax payments that you require. We can file the necessary forms and accomplished all required documentations from the Revenue Department to maintain a good corporate tax record for your company. All you need to do is furnished us all required documents and our able tax and accounting staff will do the work on your behalf. Payment receipts shall be furnished once everything has been completed.
Income Tax Payments (Personal Income Tax, Corporate Income Tax)
We can also file both personal and corporate income taxes for you and your company. We make sure you will maximize allowed tax deductions to minimize your taxes. Our able accountant and staff can do the trick and planning.
Social Security Fund Payments
This is necessary especially for an active company. This is also required when processing a Non B Visa and Work Permit for a foreign employee. The company has to demonstrate that it has been paying the social fund of its employees. Our Accounting Staff can prepare the necessary documentations and accomplish payments for this.
Payroll Services
Monthly Payroll can be a hassle if you are not used to preparing it. Hence, it’s best to entrust the preparation of your payroll to the expert. This allows you to focus your time and effort with other important things. Payroll is an important aspect of the business operation and it should be prepared with care to reflect the precise fund needed for your company’s manpower operation and other expenses.

G.A.M. Accounting and Tax Consultants is a qualified firm that you can assist you with all your accounting and tax planning needs in Thailand. Contact us today for a free consultation about our services.