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...
by panwa group | Aug 14, 2019 | 5.QA
How many percent should be of VAT if our company will export the goods to overseas? Panwa: The zero rate shall be used in VAT calculation for export of goods Refer to the Revenue Code section 80/1. For more information, please feel free to contact...
by panwa group | Aug 12, 2019 | 5.QA
When we register to the Government, our company name has “Ltd” but when our supplier issue the tax invoice to us, they put “Co., Ltd”, we can use it for claim VAT or not? Panwa: If the meaning of your company name has not been changed...
by panwa group | Aug 12, 2019 | 5.QA
Company in Thailand have a Representative Office (Rep Office) in Malaysia to assist to find the information of companies in such country which Rep Office does not allow to do another operation and profitable operation. Company transferred money to them for their...
by panwa group | Aug 12, 2019 | 5.QA
What kind of business can be applied VAT at rate 0%? Panwa: the business/activities are liable to VAT at the rate of zero percent include: a)export of goods; b)services rendered in Thailand and utilized outside Thailand in accordance with rule, procedure and...
by panwa group | Aug 12, 2019 | 5.QA
What is the social security fund rate in Thailand? Panwa: It is 5% of wage from employee and 5% of wage from employer. However, social security is computed from range wage 1,650 to 15,000 baht per month. For more information, please feel free to contact us:Phone: +66...
