by panwa star | Dec 3, 2025 | 5.QA, ไม่มีหมวดหมู่
Panwa: Our Representative Office in Thailand has been in operation for the past three years. This year, we plan to close the office and would like to know whether we can decide the closing date ourselves. A: Yes. You may decide and set the closing date of the...
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...
