​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

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.

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