Tax compliance 

Stay on the right side of the Revenue Department

The Thai tax system is complicated and there are a number of pitfalls that unwary business owners can fall into. Penalties can end up outweighing the initial tax liability.

Let us help you navigate the system, so that you can concentrate on building your business.
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Taxation in Thailand is a challenging and changing landscape.

It is imperative to operate effective Tax planning and be on top of new or impending Tax legislative change. Tax deadlines are in the main fixed and penalties can quickly accrue if any are missed.

Corporate Tax

Once a year when your accounts are audited, filing your Corporate Income Tax to the Revenue Department is an obligation. A certain number of rules have to be respected to deduct all your expenses and therefore lower your Corporate Income Tax liability. 

Personal Income Tax

As anywhere else, paying taxes on your revenues is an obligation in Thailand. In this country, employers have the obligation to deduct this tax at source when paying taxable salaries. An annual filing is mandatory every year.

Withholding Tax 

This tax, very uncommon for Europeans or westerns applies when paying your service provider. This is a complicated tax with many different rates, and can be claimed back if the amount of withholding tax already paid is higher than the amount of corporate tax that is payable. This is quite a challenging process, and requires that all the proper documentation is in place. 

Value Added Tax (VAT)

This tax applies to companies having turnover more than 1.8 million baht per year. It however directly applies when an immigration visa is delivered to foreign workers in Thailand. A certain number of particularities must be known and well understood to avoid avoidable losses. Failing to declare your VAT may induce high penalties. Make sure it’s done on time!

Nippita Pukdeetanakul

Managing Director
JNP Legal Co., Ltd.
We have been using Administration Outsourcing’s service and have found them extremely easy to work with. Their staff are very well trained, competent, reliable, and proactive. Their understanding of various types of businesses and their efficient work reflect the rapid development of our business. We also received a great deal of benefit from their financial advice and financial planning services leaving us to concentrate on our main legal work. We would have no hesitation recommending Administration Outsourcing to other businesses.