An individual or legal entity that has an annual turnover of more than 1,800,000 Baht is subject to registration by a VAT payer before starting business or within 30 days after income reaches the amount of 1,800,000 Baht. TAXABLE BASE The tax base...

Companies in Thailand are required to withhold Withholding Tax from their suppliers when paying for most types of services. The tax rate depends on the type of income and the recipient's tax status. The company paying for the services must withhold...

Taxes paid to the state, with the exception of income tax and VAT; Losses, for the last five reporting periods; Bad debts; Natural wear and tear; Interest payment; Contributions to the reserve fund; Depreciation; Expenses (usual and...