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 register voluntarily. If not registered for VAT, the company will not charge VAT on its sales. If the company is registered for VAT (voluntarily or compulsory), the VAT rate is 7%.

Related topic:

Thailand VAT Registration – click here

Tax knowledge – click here

Taxation service – click here

For more information, please feel free to contact us:

Phones: +66 2 933 9000
Email: chonthira@panwa.co.th (Ms.Chonthira, Director)
WhatsApp: +66 85 713 1000
LineApp ID: @panwa

Address: 1560 Latphrao Rd., Wangthonglang, Bangkok 10310, Thailand.

Location: https://goo.gl/maps/MhJsbjkPrji51Qyt6

Sky train: Yellow Line, Chokchai 4 Station, Gate 4. Our office is located between Soi Latphrao 50 and 52.