Last updated: 9 Aug 2023 | 1003 Views |
Value Added Tax (VAT)
has been implemented in Thailand since 1992 replacing Business Tax (BT). VAT is an indirect tax imposed on the value added of each stage of production and distribution.
Any person or entity who regularly supplies goods or provides services in Thailand and has an annual income exceeding THB 1.8 million is subject to VAT in Thailand. This also apply to services that are deemed to be rendered or utilized in Thailand regardless the origin or where those services have been created.
Whereas, the government has been more emphasizing on cross boarder provider using internet or other network technology as the mediem to deliver its services to the end users in Thailand. Those service providers must also follow Thailand's VAT regulations.
Exemptions
VAT rate in Thailand
The normal VAT rate in Thailand has been specified at 10%. However, it has been reduced by cabinet to 7% whereas this reduced rate shall be reconsidered by the cabinet every year.
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065-409-3229
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24 Sep 2022
17 May 2021