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What is Value Added Tax (VAT)?
VAT is an indirect tax, calculated on the sale of goods or services in Thailand.
The general rate of VAT is 7%, but there are exceptions to this when even levels of 0% may apply; such as, on sales or services to state-owned entities or the government.
There are also exemptions, such as smaller companies, medical and educational services, transportation, and many others.
At b-accounting we are here to help you with this tortuous issue, helping you to identify savings, so maximising profit.
In October 2016, the Thai Revenue Department issued a notification, allowing taxpayers who submit electronically, to do so up to 8 days after the deadline; stating that this practice would continue to 31st January 2019.
Whether submitting electronically or on paper, the rules still remain complex.
B-Accounting is one of the leading firm offering accounting services in Bangkok, feel free to contact us for a free quote.