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. 

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.

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.

Failing to declare your VAT properly  results in very high penalties and surcharges.  Make sure it's done correctly and 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.