What are the current rate(s) of indirect tax?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
What are the current rate(s) of indirect tax?
Are there any confirmed or anticipated changes to these rates?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
The statutory VAT rate is 10%. However, since its adoption the government has maintained a reduced VAT rate of 7%. The VAT rate will revert to 10% on 1 October 2023 unless further extended.
What are the current rate(s) of indirect tax?
What is the principal indirect tax?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
VAT is the principal indirect tax in Thailand. It is a broad-based tax on consumption. The liability for VAT lies with the vendor or the service provider during each stage of production and distribution in Thailand. Nonetheless, the actual tax incidence is normally borne by the ultimate consumer.
What are the current rate(s) of indirect tax?
Is there a registration limit for the tax?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
Yes. Any Thai juristic entity that routinely supplies goods and provides services in Thailand which is not exempt from VAT is required to register for VAT if the entity’s annual revenue exceeds Baht 1.8 million. An entity with less than this amount of annual revenue may also opt to register for VAT.
What are the current rate(s) of indirect tax?
Does the same registration limit apply to non-established businesses?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
No. However, a non-established business may register for VAT at its option.
What are the current rate(s) of indirect tax?
Does a non-established person need to appoint a fiscal representative in order to register?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
If the non-established person desires to register for VAT, it must appoint a VAT agent in Thailand.
What are the current rate(s) of indirect tax?
How often do returns have to be submitted?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
The VAT return together with payments, if any, must be submitted on a monthly basis. Where VAT maybe due on a ‘self-assessed’ basis a separate VAT return and payment must be made within seven days of the month following the transaction.
What are the current rate(s) of indirect tax?
Are penalties imposed for the late submission of returns/payment of tax?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
If a VAT return, or the corresponding payment, is submitted late, a penalty and a surcharge will be imposed.
What are the current rate(s) of indirect tax?
Are any other declarations required?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
There is no another declaration required in Thailand.
What are the current rate(s) of indirect tax?
Are penalties imposed in other circumstances?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
Yes. Penalties can be imposed for a range of errors or omissions.
What are the current rate(s) of indirect tax?
Can the tax incurred by overseas businesses be claimed if they are not registered in your country?
- The Value Added Tax (VAT) rate is 7% for most of sales of goods, provision of services and imports.
- A zero percent (0%)) VAT rate includes, but is not limited to, the following activities:
- export of goods outside Thailand as well as services performed in Thailand and utilized in foreign countries
- aircraft or sea-vessels engaged in international transportation
- supply of goods and services to government agencies or state-owned enterprises
- supply of goods and services to the United Nations and its agencies
- supply of goods and services between bonded warehouses or between enterprises located in a duty free zone (EPZs).
- Exempt sales and services includes transactions such as: (a) unprocessed agricultural products and animals; (b) sale of fertilizers; (c) sale of fish meals and animal feeds; (d) sales of newspapers, magazines or textbooks; (e) provision of educational services; (f) provision of medical services; (g) provision of library, museum, or zoological garden services; (h) provision of domestic transport services.
No. The VAT refund is available only to VAT-registered taxpayers in Thailand.
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