VAT Registration in Thailand
Our VAT registration service provides comprehensive assistance to businesses seeking to register for Value Added Tax (VAT) in Thailand. We understand the complexities of VAT regulations and aim to streamline the registration process for our clients.
Additionally, we also do have another service for ongoing support and guidance to ensure compliance with VAT regulations, including assistance with VAT invoicing, filing VAT returns, and maintaining proper accounting records.
With our expertise and personalized service, we strive to make VAT registration efficient, transparent, and hassle-free for our clients, allowing them to focus on their core business activities with confidence.
Who will need to be VAT-registered?
Any person or entity who provides goods or services regularly in Thailand and has an annual turnover exceeding 1.8 million baht is subject to VAT 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).
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.
(*Note 1: 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.)
(*Note 2: Services refer to any activities conducted for the benefits of a person or an entity, which are not the supply in terms of goods.)
Does my company have to be VAT-registered in Thailand?
In normal circumstances, the company that has an annual income at least 1.8 million THB has to register for VAT, unless it provides certain types of goods and services that are VAT-exempt. However, despite being in a business that is VAT-exempt, some companies might voluntarily want to register for VAT in order to get a tax credit or VAT refund, but the downsides are that they have to charge their customers at a higher price for their goods or services and they have an obligation to submit monthly VAT returns.
Indeed, there are pros and cons of being in VAT system. You might need special consideration to make a decision and we can help you by offering some advices as well as assisting you with the VAT registration process.
Ready to take control and optimize your financial future?
Contact us today to elevate your financial success. Let us be your trusted partner in achieving financial excellence.
Bangkok Accounting Office(2009) Co., Ltd.
Address: 126/20 Soi Phaholyothin 32 Senanikom 1 Road Kwang Senanikom Chatuchuk District Bangkok 10900
Phone Number: (+66)86 322 1246 ; (+66)2 561 0122
E-mail : ba.bkk2009@gmail.com
Line Official: @ba2009
