VAT

VAT Registration needs to be done before the start of the business or within 60 days after the business reaches the income threshold. Any person or entity who is liable to VAT in Thailand must register to be tax registered person or entity (Form VAT 01). The registration application must be submitted to Area Revenue Offices if the business is situated in Bangkok. This or to the Area Revenue Branch Offices if it is situated elsewhere. In addition, see also our accounting services in Thailand for more information.

Should taxpayers have several branches, registration applications must be submitted to the Revenue Office where the Headquarters are situated.

Tax Return and Payment

The taxable period is a calendar month. VAT returns therefore must be filed on a monthly basis. Also the return (Form VAT 30) together with tax payment, if any. It must be submitted to Area Revenue Branch Office within 15 days of the following month. If the taxpayer has more than one place of business, each place of business must file the return and make a payment separately unless there is approval from the Director-General of the Revenue Department.

Services utilized in Thailand supplied by service providers in other countries are also subject to taxes in Thailand. In such a case, the service recipient in Thailand is obliged to file a tax return (Form VAT 36) and pay tax, if any, on behalf of the service providers.

In the case where the supply of goods or services is also subject to Excise tax, VAT return and tax payment. Now if any, must be submitted to the Excise Department together with the Excise tax return. This and tax payment within 15 days of the following month. In the case of imported goods,. Then the VAT return and tax payment must be submitted to the Customs Department at the point of import. If you are retiring in Thailand and want to bring in your goods. Then speak to us as well about the import duties. Lastly also see the bookkeeping services in Thailand service. 

Value Added Tax (VAT) in Thailand is a consumption tax levied. This is levied on things such as on the sale of goods as well as provision of services. There is also VAT levied on import of goods. The current standard VAT rate is 7%, which has been maintained for several years. Note that as a temporary reduction from the official statutory rate of 10%. Who pays this tax. A;l businesses with an annual turnover exceeding 1.8 million Thai Baht. These business are required to register for VAT. This gets done at the Revenue Department. Note that once you have been registered it has to be paid the first month..

Certain goods and services are exempt from VAT, including healthcare, educational services, domestic transport, and real estate rentals. Additionally, some activities, such as exports, are subject to a zero rate, meaning VAT is not charged but input tax credits may still be claimed. This system ensures competitiveness for Thai exporters.