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Withholding Tax

​Withholding Tax Certain types of income paid to companies are subject to withholding tax at source. The withholding tax rates depend on the types of income and the amount of tax status of recipient. The payer of income is required to file the return (Form CIT 53) and...

Customs Duties

Customs duties are governed by the Customs Tariff Decree of 1987, an amendment of previous tariff codes, to conform to the Harmonized System of the Customs Cooperation Council. Tariff duties on goods are levied on ad valorem or a specific rate basis. The majority of...

Personal Income Tax

Personal Income Tax Personal Income Tax (PIT) is a direct tax levied on income of a person. A person means an individual, an ordinary partnership, a non-juristic body of person and an undivided estate. In general, a person liable to PIT has to compute his tax...

VAT Calculation Thailand

VAT liability = Output Tax – Input Tax “Output Tax” is a tax collected or collectible by VAT registered person from his customers when goods or services are supplied.”Input Tax” is a tax charged by another registered person on any...