The tax rate is7%. AnyIndividuals or organizations with an annual turnover of more than 1.8 million baht(math.) genusSale of goods or provision of services in ThailandAll are subject to VAT in Thailand.
⏰ Tax time:Complete paper filing by the 15th of the month or online filing by the 23rd.
Zero tax rate applies in the following cases:
✔ Selling goods outside the country;
✔ Provision of labor in Thailand for use outside the country (including some or all of it);
✔ Shipping or maritime transport for international transportation;
✔ Sales of goods or provision of services between bonded warehouses, between enterprises in bonded zones, or between bonded warehouses and bonded enterprises;
✔ Sales of goods or services to a government agent or a state enterprise under a foreign subsidy program;
✔ Sales of goods or provision of services to the United Nations or agents of the United Nations Organization, including embassies and consulates;
The Thai government also offers VAT incentives for certain industries, such as tourism and manufacturing. Certain industries or goods may benefit from tax reductions or exemptions, such as in the areas of agricultural products, medical services and education.
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corporate income tax
Thailand's tax law provides thatThai or foreign companies with business activities in ThailandAll are subject to corporate income tax. Thailand's corporate income tax is filed twice a year.
✔ No tax on income of 0-300,000 baht. ✔ Income of 300,000-3 million baht pay tax 15%. ✔ Pay tax 20% on income of 3 million baht or more.
⏰ Tax time:Income tax of 50% needs to be estimated and paid by the end of August each year, and the annual summary return needs to be filed within 150 days of the end of the year, with mid-year payments credited against the tax due on the annual return.
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withholding tax
Thailand has a withholding tax on financial products and services as well as on export trade.
Withholding tax on transactions between Thai companies and offshore companies Referring to Thailand's tax agreements with various countries, most of them areDividend 10%, Interest 10%- 15%The
⏰ Tax time:Withholding tax needs to be filed every month by the 7th (offline filing) / 15th (online filing) of the following month.
It's really not difficult to register a Vietnamese company in 2024! With process guide~
Along with the deepening of the global economic integration process, a large number of foreign enterprises have relocated their production and supply chains to Vietnam, but Vietnamese law prohibits foreign investors from setting up shell companies, therefore, in order to set up a company, the investor must have a specific investment project that proves its financial capacity, investment objectives, investment scale, investment location, etc. and submit it to the Vietnamese authorities for approval.
A must-see for businesses investing overseas! It is easier to save tax by registering a Singapore company to invest and build a factory in Vietnam!
If you are interested in investing in Vietnam, you should not miss this investment guide! In this article, you will learn more about the requirements for investing in Vietnam, especially the essential ODI (Outward Foreign Direct Investment) filing.
Register Thailand Company | Chinese 100% Holding Thailand Company without Thai nominee!
With the integration of the global economy and the rise of the Southeast Asian market, more and more entrepreneurs are choosing to expand their business to Thailand. As one of the economies in Southeast Asia, Thailand has good market potential and a convenient business environment with low labor and tax costs. This, coupled with Thailand's strategic position in the Asian economy, has led many large and well-known companies to choose to set up branches in Thailand to capture the market. Registering a Thai company is a key step in entering the country's market.
