by panwa star | Nov 28, 2025 | 5.QA, ไม่มีหมวดหมู่
Q: I am confused about the Certificate of Residence in Thailand. Are there multiple types of this document? Panwa: Please note that “Certificate of Residence” in Thailand is normally used interchangeably. However, it can refer to different documents in Thailand...
by panwa star | Nov 28, 2025 | 5.QA, ไม่มีหมวดหมู่
Q: Our company in Thailand earns income less than THB 1.8 million per year shall pay VAT? It should be subjected to which VAT percent? Panwa: If your company earns less than THB 1.8 million per year, it is not required to register for VAT, unless you choose to...
by panwa star | Nov 25, 2025 | 5.QA, ไม่มีหมวดหมู่
Q: How long does an accounting period last? Panwa: In Thailand, an accounting period normally covers 12 months. However, in some cases it may be less than 12 months, such as for a newly incorporated company or partnership, which may set its first accounting period...
by panwa star | Nov 17, 2025 | ไม่มีหมวดหมู่
Are annual financial statements mandatory? Panwa: Yes. Annual financial statements are mandatory in Thailand for all registered juristic persons and for foreign juristic persons operating in Thailand. They must be prepared, audited by a licensed auditor, and filed...
by panwa star | Nov 11, 2025 | 5.QA, ไม่มีหมวดหมู่
What is the withholding tax rate for rent and service payments? Should the withholding tax be calculated before or after VAT? Panwa: Rent payments are subject to 5% withholding tax, while service fees (such as furniture, water, electricity, and parking fees) are...
