Foreigner owns property in Thailand and filing personal income tax

by panwa group | Dec 2, 2020 | 3.Accounting-Tax, 5.QA

My wife (foreigner) has property in Thailand and she has the income for rental property, does she need to file the tax in Thailand? Panwa: Yes, she need to file the personal income tax form 2 times per year:  The half-year tax (P.N.D. 94) within the end of...

Request approval letter from Revenue Department to destroy inventories

by panwa group | Dec 2, 2020 | 3.Accounting-Tax, 5.QA

The company has plan to destroy the inventories and receive the approval letter from RD already, but, it has the accident, so, the company need to change the date of destroy inventories. In this case, the approval letter from RD can still be used? Panwa: in your case,...

Please advise if the expeneses occured from the rental, can it be used as the taxable expenese for income tax calculation?

by panwa group | Nov 20, 2020 | 3.Accounting-Tax, 5.QA

The Company (lessee) had made the agreement for providing right of using market area with the lessor for the period of 20 years from 2020 to 2040 and the Company should be responsible for the official fee of rental register, duty stamp and other expenses related to...

Please advise how can we calculate the personal income tax for sales manager if the company would like to pay for his personal income tax on behalf?

by panwa group | Nov 13, 2020 | 3.Accounting-Tax, 5.QA

Our company is negotiating to hire the new sales manager and he requires the company to pay his personal income tax on behalf of him. Please advise if we decide to hire him, how do we calculate his personal income tax? Should we add his personal income tax which will...

We are newly established company in Thailand which we conduct for import-export license, but not yet have any business activities. Please advise should we register for Value Added Tax (VAT) ?

by panwa group | Nov 13, 2020 | 2.Corporate, 3.Accounting-Tax, 5.QA

We are the newly established company in Thailand which engaged the business as import-export and agency for trading but we have no any business activities at the moment. Should we register for Value Added Tax (VAT)? or when we should register for this? Panwa: We would...