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Thai Tax Law Expertise

As with many countries, Thailand’s taxation laws include some unique features and require specialist knowledge.
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Taxes in Thailand

01

Value Added Tax

This tax applies to companies with a turnover over 1.8 million Baht per year. It also directly applies when an immigration visa is issued to foreign workers in Thailand. A certain number of particulars must be known and understood to avoid avoidable losses. Failing to declare your VAT may result in high penalties.
02

Withholding Taxes

This tax, very uncommon in the west, applies when paying a service provider. For example, when paying a telephone bill, the company is required to deduct 3% from the amount excluding VAT and a withholding tax certificate must be issued to the service provider to justify this deduction to the Revenue Department
03

Personal Income Tax

As anywhere else, paying taxes on your revenues is an obligation in Thailand. Here, employers have an obligation to deduct this tax at source when paying taxable salaries, based on an estimate of the annual taxes divided by 12 months. Last but not least, annual filing is mandatory every year.
04

Corporate income Tax

Once a year when your accounts are audited, filing your Corporate Income Tax to the Revenue Department is an obligation. This tax depends on the net profit you have made during the previous fiscal year. A certain number of rules have to be respected when deducting expenses to lower Corporate Income Tax liability.

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Related Services

How does withholding tax work in Thailand?

CONSULT WITH A SPECIALIST Withholding Tax (commonly written “WHT”) consists in deducting a tax from payments done to
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What is due for Value Added Tax (VAT) in Thailand?

Tax Refund | Tax Credit | VAT in Thailand CONSULT WITH SPECIALIST Value Added Tax (VAT) is an
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What is due for corporate income tax in Thailand?

Corporate Income Tax is tax due by Partnerships and Limited Companies carrying on business on the Thai territory
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What is due for personal income tax in Thailand?

Personal Income Tax (PIT) is a tax directly collected on the revenue of a Thai tax residents CONSULT
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