Value Added Tax (VAT)
The “Value Added Tax (‘VAT’) is a tax on the sale of goods or the provision of services. The current rates are 7% and 0% (on export activities for instance) while some exemptions apply to certain activities.
This tax applies to companies having a yearly accumulated turnover exceeding 1.8 million baht. However, companies willing to hire foreign workers should preliminary register to VAT disregards of their accumulated turnover.
Failing to declare your VAT may induce high penalties.
Activities subject to VAT exemption
Activities subject to VAT 0%
Monthly VAT submission
Online VAT Registration service
4 easy steps to register VAT online with Corporate secretary platform