Skip to content
  • Home
  • Property
  • Business
  • Contact Us
Thai Barrister
  • Home
  • Property
  • Business
  • Contact Us
Taxation in Thailand
Thai Business Law

Taxation in Thailand

On October 18, 2012 by Thai Barrister

Taxation in Thailand

 

If you are starting a business in Thailand then you need to know how tax is calculated and how the Thai government views the tax system in Thailand. with regards to income. Speak to our accounting staff for more information.

 

The first tax we cover is VAT or Value Added Tax in Thailand. This 7% tax is paid by the following person or companies.

  • In your business exceed 1,800,000 Baht a year is sales;
  • If you are registered for VAT;
  • If you import goods in Thailand.

Certain goods do not have VAT added to them. These included but not limited the following on sales to:

  • State entities;
  • Export goods;
  • Provisions for international air and sea operations;

If you need a more detailed explaination then speak to our barrister in Thailand via our tollfree UK telephone number or walk into any of our offices in Thailand to speak to a solicitor. The corporate tax rates in Thailand is based on net profits and this is calculated as follows:

  • 15% of the first 1 million baht
  • 25% if it is between 1 and 3 million baht per year;
  • 30% flat rate for anyone over 3 million baht a year in coporate profits.

If you require more tax advice or information about the taxation system in Thailand then speak to us live online, via our tollfree telephone number or simply walk into any of our offices in Thailand.

 

Do it today!

 

Tags: bangkok, business registration, lawyer, thailand

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Legal Websites

  • Bangkok Lawyer
  • Banking in Thailand
  • Getting Married
  • Property in Hua Hin
  • Renting an Apartment
  • Retirement Visa

Recent Posts

  • Title Transfer
  • Lease Agreements in Thailand
  • Thai Property Purchases

Copyright Thai Barrister 2021 | Theme by ThemeinProgress | Proudly powered by WordPress