The \u201cValue Added Tax (\u2018VAT\u2019) is a tax on the sale of goods or the provision of services. The current rates are 7% and 0% (on export activities for instance) while some exemptions apply to certain activities.<\/p>\n\n\n\n
This tax applies to companies having a yearly accumulated turnover exceeding 1.8 million baht. However, companies willing to hire foreign workers should preliminary register to VAT disregards of their accumulated turnover.<\/p>\n\n\n\n
Failing to declare your VAT may induce high penalties.<\/p>\n\n\n\n
Activities subject to VAT 0%<\/strong><\/p>\n\n\n\n Activities subject to VAT exemption<\/strong><\/p>\n\n\n\n Value Added Tax (VAT) The \u201cValue Added Tax (\u2018VAT\u2019) is a tax on the sale of goods or the provision of services. The current rates are 7% and 0% (on export activities for instance) while some exemptions apply to certain activities. This tax applies to companies having a yearly accumulated turnover exceeding 1.8 million baht….<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[131,17,130],"class_list":["post-706","post","type-post","status-publish","format-standard","hentry","category-doing-business-in-thailand-foreigner-locals","tag-taxes","tag-thailand","tag-vat"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t<\/td> Export of goods.<\/td><\/tr> <\/td> Services rendered in Thailand but consumed abroad.<\/td><\/tr> <\/td> International air & sea transportation services.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n <\/td> Juristic entities with an annual turnover lower than 1.8 million baht.<\/td><\/tr> <\/td> Sales & import of specific products. (books & magazines, unprocessed agricultural products, etc\u2026)<\/td><\/tr> <\/td> Professional services such as medical, audit and regulated legal services.<\/td><\/tr> <\/td> Services provided by Thai governmental organizations.<\/td><\/tr> <\/td> Land transportation.<\/td><\/tr> <\/td> Educational services provided by recognized schools.<\/td><\/tr> <\/td> Cultural services. (museums, \u2026)<\/td><\/tr> <\/td> Rent of immovable properties. (real estate)<\/td><\/tr> <\/td> Religious, charitable services.<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"