+66 2 933 9000 , WhatsApp: +66 81 919 6225 bkk@panwa.co.th

How long to get the approval from the BOI

How long to get the approval from the BOI in case we request the BOI directly by our self?   Panwa: Normally the BOI approval timing would be determined by the size of the project as follow:1. software business for every size or the business not over than 40...

Can we apply BOI under the individual

​Can we apply BOI under the individual first?   Panwa: Yes, can do, but you must be careful as below;1.1 Can be both Thai or foreigner nationality but must be of legal age and also can do any legal act.1.2 After already get the approval from the BOI, must set-up...

How to recognize for sale and service income in Thailand

We will recognize revenue-based Sales Invoices and Cost based on Supplier invoices. Please advise if this method is acceptable in Thailand’s accounting regulation?   Panwa: For the accounting standard, you can record your income when:1.Sale of goodsRevenue is...

VAT for export business

How many percent should be of VAT if our company will export the goods to overseas?   Panwa: The zero rate shall be used in VAT calculation for export of goods Refer to the Revenue Code section 80/1.   For more information, please feel free to contact...

VAT claim for Co., Ltd and Ltd, is it different?

When we register to the Government, our company name has “Ltd” but when our supplier issue the tax invoice to us, they put “Co., Ltd”, we can use it for claim VAT or not?   Panwa: If the meaning of your company name has not been changed...