by panwa group | Aug 14, 2019 | 5.QA
Our company needs to hire the Service Engineer from Japanese company which is registered in Japan and their employee must come to fix the machinery of our customer in Thailand, about 5-6 days. Japanese company has no permanent establishment in Thailand. Do we need to...
by panwa group | Aug 14, 2019 | 5.QA
We obtained the BOI certificate with the privileges of income tax exemption. This year, the parent company have debt forgiveness (loan from parent company) to company in amount of USD 0.1 million which it become the income for debt forgiveness. Can this income use the...
by panwa group | Aug 14, 2019 | 5.QA
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...
by panwa group | Aug 14, 2019 | 5.QA
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...
by panwa group | Aug 14, 2019 | 5.QA
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...
