Businesses operating in Thailand must file annual tax returns to determine whether they must pay taxes or are entitled to a refund. The central taxes in Thailand are corporate income tax, value-added tax (VAT), and withholding tax (WHT).
Corporate income tax (corporate income tax) is a tax levied by the state on legal entities such as joint stock companies, limited liability companies, limited partnerships, etc. The tax base is calculated based on net taxable income.
Value Added Tax is always around. All prices of goods or services for which we pay include this tax.
In business terms, it is a tax levied on the value added to the cost of goods or services by persons subject to VAT.
This includes any entrepreneur (importers, manufacturers, service providers, etc.) with an annual income of 1.8 million baht or more.
Regardless of whether the business is an individual or legal entity.
It may be skipped by those not engaged in a business subject to this type of tax.
Stamp duty is a small fee, which is also classified under the Tax Code of Thailand.
There are 28 different stamp duties for a variety of documents.
Examples are purchasing property in installments, hiring to make things, borrowing money, etc.
Stamp duty is a tax levied on an Act. 'Act' in this context means a signature under the provisions of the Civil and Commercial Code.
