Could Vat Credit be claimed as cash and what are the conditions for the mentioned VAT refundable?
by panwa group | Sep 14, 2021 | 5.QA
We would like to know if the VAT credit in amount of Baht 11,456.87 can be refunded as cash or not? Please advise. Panwa: Yes, the company can refund such VAT credit according to Revenue Code section 84, however, for the company’s case, you need to be concerned about...VAT Refund Thailand
by panwa group | Oct 27, 2018 | 1.Services, 3.Accounting-Tax
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...