We are subsidiary company in Thailand of our parent company in Malaysia. We do business of beverage trading, and we are experiencing more losses this year due to the consumer trend is changing. So, our parent company give us the subsidy amount of USD 0.1 million (it is without any conditions or obligations). Do we need to file VAT of this amount as income?
Panwa: The company do not need to file VAT from this subvention money, but this money must be recognized as income and must be used for income tax calculation.
For more information, please feel free to contact us:
Phone: +66 2 933 9000
Fax: +66 2 933 6120
Email: bkk@panwa.co.th
For more information, please feel free to contact us:
Phones: +66 2 933 9000
Email: bkk@panwa.co.th
WhatsApp: +66 85 713 1000
LineApp ID: @panwa
Address: 1560 Latphrao Rd., Wangthonglang, Bangkok 10310, Thailand.
Location: https://goo.gl/maps/MhJsbjkPrji51Qyt6
Sky train: Yellow Line, Chokchai 4 Station, Gate 4. Our office is located between Soi Latphrao 50 and 52.