​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 for unused input tax, it may be creditable against output tax within the next 6 months. However, the refund can only be claimed within 3 years from the last day of filing date.

Certain input taxes, such as tax in relation to entertaining expenses, are not creditable under VAT. However, those non-creditable input taxes can instead be used as deductible expenses under Corporate Income Tax (CIT).

We would kindly like to inform that in substitution of the celebration of Visakha Bucha, we are taking some day off from our regular working schedule and we will not be working on June 5, 2023 (Monday). We will be back to work on June 6, 2023 (Tuesday).

For more information, please feel free to contact us:

Office: +66 2 933 9000

Whats'app: +66 8 5713 1000

Email: bkk@panwa.co.th


Address: 1560 Latphrao Road, Wangthonglang, Bangkok 10310, Thailand.