fbpx

Value Added Tax

What is due for Thai Value Added Tax (VAT) in Thailand?

Tax Refund | Tax Credit | VAT in Thailand

Value Added Tax (VAT) is an indirect tax calculated on the sale of goods or services in Thailand.

VAT in Thailand

Calculation

VAT Payable = Output Tax (sales VAT) minus Input Tax (purchase VAT)

In case your purchase VAT is more than you sales VAT, you may keep your tax credit to report month after month. Alternatively, you can ask a refund to the Revenue Department when submitting your VAT form (PP30) to the Revenue Department.

Submission:​

On the 15th of the month following the date of the issuance date of the tax invoice (receipt).

Exemptions:

  • Companies with a turnover less than 1,8 million baht excepted if a visa or work permit are delivered to foreign employees or directors;
  • Import of magazine, newspapers or books;
  • Medical Services;
  • Service billed by Thai governmental organization;
  • Transportation;
  • Educational services;
  • Imports of certain categories of agricultural products;
  • Statutory Audit services;
  • Renting of immovable properties.
  • Certain cultural services.
Tax Rate%
General Thai rate7%
Imported services or goods 7%7%
Exported services or goods0%
Sales of services or goods to state-owned entities or government0%
Sales of goods from companies located in Free Trade Zones0%

Testimonials

Felipe Kasinsky Rocket Internet
I worked with Vincent while at Easy Taxi. His company, B-Accounting, provided us with accounting seravices. While dealing with him and his staff, I did not have to worry about my accounts at all. His company made sure that all the accounts were up to date and that all reports were delivered on time. All of this at a very reasonable cost. I strongly recommend working with Vincent and his firm for accounting services. 17/03/2020
Anne Belveze Moxy by Orami
It is with much pleasure that I recommend Vincent. I know Vincent since 2014. We outsourced our full accounting as well as our management reporting with B-Accounting. I deeply appreciated his accuracy, responsiveness in the exchanges and strict respect of the deadlines. Vincent is a great professional with strong international and local financial expertise. 17/03/2020

We serve leading businesses operating in Thailand

logos
logos
logos
logos
logos
logos
logos
logos
logos
logos

Get A Quote

Contact us now and we will get back to you within 24 hours - guaranteed! The B-Accounting team of experienced, knowledgeable professionals is ready to help.