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.

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Activities subject to VAT exemption
Juristic entities with an annual turnover lower than 1.8 million baht.
Sales & import of specific products. (books & magazines, unprocessed agricultural products, etc…)
Professional services such as medical, audit and regulated legal services.
Services provided by Thai governmental organizations.
Land transportation.
Educational services provided by recognized schools.
Cultural services. (museums, …)
Rent of immovable properties. (real estate)
Religious, charitable services.
Activities subject to VAT 0%
Export of goods.
Services rendered in Thailand but consumed abroad.
International air & sea transportation services.

Monthly VAT submission

VAT returns must filed in the month following the payment and the issuance of a tax invoice as per below deadlines:

P.P 36 for VAT for imported services: by the 7th of the month
P.P 30 for VAT for goods & services: by the 15th of the month

Companies registered with the Revenue Department e-filing are granted an additional 8 days to file their VAT returns i.e by the 15th & 23rd of the month for the P.P36 & P.P 30 respectively.


Late submission

The Revenue Department imposes fines for the late submission of VAT returns (300 THB within the first 7 days and 500 THB after), penalties of up to 200% of due taxes, as well as surcharge accruing at the monthly rate of 1.5% of due taxes.

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