Tax compliance & advice

Stay on the right side of the Thai Revenue Department

The Thai tax system is complicated and challenging for foreign and local businesses alike. There are a number of pitfalls that unwary business owners can fall into big trouble. Penalties and surcharges can end up outweighing the initial tax liability, and the procedures are scrupulous.
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Let us help you navigate the Thai tax 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 compliance with new or impending Thai Tax legislative change. Thai Tax rules and deadlines are strict, while surcharges and penalties can grow quickly if any are missed or filed incorrectly.
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Submitting your Thai tax filings correctly the first time is your best course of action. Administration Outsourcing can do that for you and we have an excellent track record with the Thai Revenue Department.

Corporate Tax

Once a year when your Thai accounts must be audited, filing your Corporate Income Tax to the Thai Revenue Department is an obligation for every company. Many rules and practical local experience in annual filings need to be respected in order to deduct all your expenses and therefore lower your Corporate Income Tax liability.

Personal Income Tax

As anywhere else, paying taxes on your personal income is an obligation in Thailand. And Thai employers have the obligation to deduct this tax at source when paying taxable salaries. An annual filing is mandatory every year for employees of a Thai company. Also, people who simply spend 180 days or more in Thailand are deemed a Thai tax resident.

Withholding Tax

This tax, less common in western countries, 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 income 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 if you have turnover more than THB 1.8 million per year. But new companies must have already obtained VAT registration to enable their foreigners’ work permit and visa to be processed.
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Failing to declare your VAT properly results in very high penalties and surcharges. Make sure it's done correctly and on time!