Entrepreneurs and investors seeking to establish a business presence in Thailand often face a crucial decision: whether to start a new venture from scratch or take over an existing business. While both options have their merits, this article aims to shed light on the numerous benefits associated with acquiring an existing business in Thailand. From…
There are 3 main components to comply with before you can legally import / export things into Thailand. #1. You’ll need to incorporate a VAT registered company in Thailand#2. You’ll need to apply for a general Import/Export License (usually valid for 3 years)#3. For most items that you may be interested in importing or exporting,…
The withholding tax (“WHT”) is a tax deducted at source from the payment of a service invoice. WHT rates depend on the nature of provided services. Upon payment of a service invoice, the payer must provide a withholding tax certificate to the vendor to justify the WHT deduction, The purpose of this is that the…
As a registered business in Thailand, it is important to be aware that whenever you purchase a services from a overseas service provider, you SHOULD consider 2 additional cost to your purchases. VAT- PP36 According to the law, you should 7% VAT on their behalf by the 7th of the following month using VAT return…
What is Por Ngor Dor 1? Withholding tax at source under Section 59 for remuneration paid to employees under Section 40(1), (2) Instructions/Comments: Employers must withhold tax on remuneration paid to employees in April 2023 and remit the tax so withheld to the District Office. What is Por Ngor Dor 2?Income tax withheld at source under…
