Business & Investor

Tax

How to Register for Value-Added Tax
The Value-Added Tax (VAT) is collected from the sale of goods or services, whether produced domestically or imported. Business operators with a duty to register for VAT can do so via two methods
Types of tax invoices and the issuance of paper tax invoices
Many may wonder what types of tax invoices exist and how they differ from each other. The Revenue Department provides information and details on the types of tax invoices
Legal entities subject to income tax
Many perceive tax matters as complex, complicated, and difficult to understand. However, paying taxes is a significant responsibility, a testament to being a good citizen of a country.
Tax-exempt Specific Business Operations
The Specific Business Tax (SBT) is a type of tax under Thai law, collected from certain types of businesses specifically defined by law. It replaces the abolished trade tax and is collected separately from the Value Added Tax (VAT).
Withholding Income Tax
"Withholding income tax" refers to a method of prepaid tax collection. The law mandates that the payor must deduct taxes from the income paid to the recipient each time such income is disbursed.
Penalties regarding violation of Value Added Tax regulations
The Value Added Tax (VAT) is a type of tax collected by the government from consumers who purchase goods or services. This indirect tax is typically collected by business operators from consumers at a current rate of 7%.
Businesses Required to Pay Specific Business Tax
Specific Business Tax is one type of tax according to the Revenue Code, collected from specific types of businesses, replacing the abolished Commercial Tax.
STEM One-Stop Service: STEMPlus Workforce Requirement Notification Project
STEMPlus is an information system which the Ministry of Higher Education, Science, Research and Innovation (MOI).
Timeline for Submission of Specific Business Tax Returns
For businesses subject to specific business tax, the tax return should be submitted within the period specified by the Revenue Department.
Processes for VAT Refund for Tourists
The VAT refund application for foreign tourists comes in two forms, specifically: requesting a draft refund, with a draft fee of 103 Baht per case and postal fees according to the rates charged by the postal company.
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