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Tax and Accounting
 
Value Added Tax | Specific Business Tax | Double Tax Agreement
Personal Income Tax | Corporate Income Tax | Withholding Tax
 
Value Added Tax
Value Added Tax (VAT) has been implemented in Thailand since 1992 replacing Business Tax (BT). VAT is an indirect tax imposed on the value added of each stage of production and distribution.

Any person or entity that regularly supplies goods or provides services in Thailand and has an annual turnover exceeding 1.2 million Baht is subject to VAT in Thailand. Service is deemed to be provided in Thailand if the service is performed in Thailand regardless where it is utilized or if it is performed elsewhere and utilized in Thailand.

An importer is also subject to VAT in Thailand no matter whether one is a registered person or not. VAT will be collected by the Customs Department at the time goods are imported. Certain businesses are excluded from VAT and will instead be subjected to Specific Business Tax (SBT).
value added tax
Under VAT, taxable goods mean all types of property, tangible or intangible, whether they are available for sales, for own use, or for any other purposes. It also includes any types of articles imported into Thailand. Services refer to any activities conducted for the benefits of a person or an entity, which are not the supply in terms of goods.

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 headquarter is situated.
 
Exemptions
Certain activities are exempted from VAT. Those activities are :
 
1. Small entrepreneur whose annual turnover is less than 1.2 Million Baht;
2.
Sales and import of unprocessed agricultural products and related goods such as fertilizers, animal feeds, pesticides, etc.;
3. Sales and import of newspapers, magazines, and textbooks;
4. Certain basic services such as;
 
- transportation - domestic transportation and international transportation by way of land,
- Healthcare services provided by government and private hospitals as well as clinics,v
-
Educational services provided by government and private schools and other recognized educational institutions,
-
Professional services - Medical and auditing services, lawyer services in court and other similar professional services that have laws regulating such professions,
- Renting of immovable properties.
5. Cultural services such as amateur sports, services of libraries, musuems, zoos;
6.
Services in the nature of employment of labour, research and technical services and services of public entertainers;
7.
Goods exempted from import duties under the Industrial Estate law imported into an Export Processing Zones (EPZs) and under Chapter 4 of the Customs Tafiff Act;
8.
Imported goods that are kept under the supervision of the Customs Department which will be re-exported and be entitled to a refund for import duties; and
9.
Other services such as religious and charitable services, services of government agencies and local authorities.
 
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 the 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 seperately 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 Departmnet 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.