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