Archive for the ‘Thai taxes’ Category

Why Offshore?

Why Offshore?

By informing yourself with respect to holding assets, doing [...]

Thai Laws

Here is an introduction to a really useful web site namely THAILAWS.COM
The content of this web site is awesome and of use to anyone living, renting or working in Thailand.
THE OBJECTIVE OF WWW.THAILAWS.COM IS TO PROVIDE THE USEFUL INFORMATION ABOUT THAILAND, THAI ACTS AND LEGAL INFORMATION FOR [...]

Tax & Legal News September 2010

This article was written by Paul Ashburn, Senior Partner, BDO Advisory Limited.

BDO Advisory Limited, a limited liability company incorporated in Thailand, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the [...]

Transfer fees who pays what?

First let me say that it is between seller and buyer to negotiate who pays what in regards to taxes when transferring property or land in Thailand. The norm back in 2007 was that both seller and buyer shared the cost equally of property taxes in transfering a property, however as there are no absolute [...]

Costs of doing business in Thailand

Here is a comprehensive document covering general costs, tax rates, labour costs, utility, communication, transportation costs, misc costs and useful information in fact everything you need to know when considering starting an operation or business in Thailand.
Download pdf document Thailand costs_doing_business_2009
Courtesy of www.thailaws.com

Thai property corporate income tax

Filing Corporate Income Tax for your villa
As a Thai company, if your fiscal year (accounting period) is based on the calendar year, you have to file corporate income tax within 150 days after year end no matter whether you have any income or expenses in your business during the year or [...]

Thai Corporate Income Tax (CIT)

It’s CIT time again
Any Thai company subject to corporate income tax (CIT) is required to file a half-year tax return by estimating its annual net profit and its tax liability; and must pay half of the estimated tax amount within two months of the end of the first six months of [...]

Thai VAT Rules

VAT’ how to do it
I have heard that many small businesses in Phuket – particularly restaurants and bars – are now being invited by the local tax officers to register for VAT. Therefore, I think it is a must that they have a clear understanding of the VAT laws that concern [...]

Taxpayers Rights and more

Taxpayers Rights
As a foreigner doing business in Thailand, you may know that you have a duty to register a tax ID, file tax returns, co-operate with the tax officers, and of course, you have to pay tax as assessed by tax officers ON TIME. Should a taxpayer fail to pay a [...]

Revenue Department tax visit

What should you do when a Tax Officer comes to your office?
The Revenue Department has a policy to meet every company at least once a year in a “General Visit”. Most often the general visit will be a surprise visit and you will not be informed in advance.
In a general visit [...]