VAT Registration Service
VAT is an indirect tax applied to the value added to goods and services at each stage of production and distribution. The standard VAT rate in Thailand is currently set at 7%, down from the previous rate of 10%. Certain services, such as export sales, international transport, and goods sold within customs-free zones, are subject to a zero rate.
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Who needs to apply for VAT registration?
A taxable person is defined as any individual or entity supplying goods or services. VAT registration is mandatory for businesses that generate more than THB 1.8 million annually.
Companies employing foreigners must also apply for VAT in order to get work permits. Importers are also liable for VAT, irrespective of their registration status, with the Thai Customs Department collecting VAT at the point of importation.
While not all businesses are required to register for VAT—especially new businesses—it is advisable for those approaching the threshold to register proactively. It’s worth noting that businesses not obligated to register may choose to do so voluntarily.
VAT Exempt Businesses
- ABasic Groceries
- AEducational Services and Textbooks
- AHealthcare Services
- ARental Properties and Sale of Real Estate
- ALand Transportation
- ALibraries and Museums
- AReligious and Charitable Services
Our Application Service
- Prepare and submit all the VAT registration documents required.
- Collect and collate information about the company such as the business registration certificates, signatures for the directors, proof of company headquarters and others.
- We will support you and guide you on the process of VAT registration and how it matters to your accounting.
- Advise on registration compliance.
VAT Registration Requirements
In Thailand, businesses must meet specific requirements to register for Value Added Tax (VAT) as mandated by the Thai Revenue Department. One key requirement is to maintain a permanent, physical office space where your company signage is prominently displayed. Additionally, you will need a Certificate of Approval from the landowner or building owner, permitting you to conduct business at that location.
Want to know more about VAT and if you need to register?
Accounting Services and Tax
Bookkeeping
Monthly account keeping and filing. Tracking invoices, payments, receipts, payroll.
Monthly Tax Submission
Preparing and filing VAT (PP30) PND 90/91 PND 53 PND1 and other related taxes.
Annual Report
Auditing and submission of financial statement to the Ministry of Commerce (SorBorChor. 3)
Vat Registration
Business Value added Tax registration and processing.
Corporate Tax (CIT)
Mid-year corporate income tax (PND. 51) and year-end corporate income tax (PND 50) preparation and filing.
Tax ID
Application Tax ID number for business and personal.
PErsonal Income Tax (PIT)
Preparing and submit annual employee withholding tax (PND. 1 Kor) PND3 PND53
Social Security
Register company and staff to social security office. Monthly payment processing.
Advisory
Providing advice on accounting-tax in Thailand.
Frequently Asked Questions (FAQs)
What happens if I fail to register for VAT when required?
Failure to register for VAT when your business qualifies can result in penalties, including fines and potential legal action. Additionally, you may be liable for back taxes and interest.
How often do I need to file VAT returns in Thailand?
VAT returns must be filed monthly. Businesses are required to report their VAT liabilities and pay any due amount within the specified timeframe to avoid penalties.
Are there any special VAT rates for specific industries?
While the standard VAT rate in Thailand is 7%, certain goods and services may qualify for reduced rates or exemptions. Examples include medical services and educational materials.
What are the consequences of late VAT payments or filings?
Late VAT payments or filings can result in fines, interest charges, and potential legal penalties. The Revenue Department enforces strict compliance to ensure timely filings.
Where do I register VAT in Thailand?
You can register for VAT at your local Revenue Department office. Alternatively, certain steps can be completed online through the Revenue Department’s official website, depending on your business’s location and setup.
