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Accounting Period

Accounting period and how to change the accounting period in Thailand An accounting period must be 12 months. Unless the Articles of Association state otherwise, a newly established company should close accounts with 12 months of its registration. Thereafter, the...

Company registration for 1 day

​Time for company registration   The registration of Thai company can be accomplished on the same day as the registration, the Memorandum of Association provided that all registered shares have been subscribed, a statutory meeting is held to transact the business...

Tax Invoice (VAT Invoice)

​VAT Invoice or Tax Invoice VAT registered person or entity is required to issue tax invoices every time the transactions are made showing details of nature and value of goods sold or services provided and also amount of VAT due. Tax invoice is used as evidence for...

VAT Refund Thailand

​VAT Refund or VAT Claim In each month, if input tax exceeds output tax, taxpayer can claim for the refund, either in form of cash or tax credit to be used in the following months. Therefore, in case of zero-rated, taxpayer will always be entitled to VAT refund. As...