The current status of my company is “defunct” (unoccupied company), thus in case I would like to start doing business under this company, how do I proceed and how do I correct the filings?

by panwa group | Oct 19, 2020 | 5.QA

My company was incorporated for 12 years already, which we had not done any type of transactions, expenses and filings for this company yet. Moreover, as I checked on the DBD website, the current status of my company is “defunct” (non-alive / unoccupied company), thus...

File my company’s financial statements for previous 7 years. Could all these years financial statements be filed online (by e-filing)?

by panwa group | Oct 19, 2020 | 5.QA

I need to file my company’s financial statements for previous 7 years. Could all these years financial statements be filed online (by e-filing)? Panwa: Please note that you can file for 6 previous years (from the current year) by e-filing but for the years...

Kindly advise the Capital Gain Tax Rate in Thailand in selling out “Share Capital” to investors.

by panwa group | Oct 19, 2020 | 5.QA

Kindly advise the Capital Gain Tax Rate in Thailand in selling out “Share Capital” to investors. Panwa: The gain from selling share capital is considered as the assessable income under section 40(4) in accordance with the Revenue Code.  Case of the share seller is...

Using a managed office (virtual office space) for company registration address

by panwa group | Oct 19, 2020 | 5.QA

If we want to use a managed office (that is virtual office space) as the registered address for this Representative Office registration, is this a legal arrangement? Could you please advise us too? Panwa: Under the law, the office address and the working space must...

Thailand representative office have paid  the export expenses on behalf of head office in some amount to their supplier, such expenses can be considered as Thailand representative office’s expenses or not?

by panwa group | Oct 19, 2020 | 5.QA

The Thailand representative office have the primary objective to source at the market for purchasing and report Thailand business movement to head office in Singapore. If Thailand representative office have paid the export expenses on behalf of head office in some...

E-filing Shareholders list

by panwa group | Oct 19, 2020 | 5.QA

In case of e-filing of shareholder’s list but company cannot contact the shareholders to request for the passport numbers and or  Thai Id cards of the shareholders, could it be possible to submit or not? Panwa:  No, it is not possible; the shareholder’s...