HTILO's highly experienced and qualified tax team provide continually and comprehensive advice and support services to do with all aspects of taxation.
Monthly Tax Returns
- Monthly Value Added Tax Returns (Phor.Phor.30).
- Monthly Withholding Tax Returns on salsries (Phor.Ngor.Dor 1).
- Monthly Withholding Tax Returns on payments made including:
advertising, non-salary payments.
Annual Tax Returns
- Mid-Year (interim) Corporate Income Tax Returns
(Phor.Ngor.Dor 51).
- Annual Corporate Income Tax Returns
(Phor.Ngor.Dor 50)
- Annual Personal Income Tax Returns
(Phor.Ngor.Dor 90 & 91).
- Annual Withholding Tax Returns on salaries
(Phor.Ngor.Dor. 1 Kor).
A limited company is subject to Corporate Income Tax, shich is 30% from the net profit. A limited company may register for Value Added Tax (VAT) and with the Revenue Department at a flat 7% rate.
The limited company is held responsible to submit the Balance sheet and Income Statement to Accounting Business Division Department of Commerial Registration or Provincial Commercial Office whaever the case may be, within one month from the date which the Balance Sheet is approved by the shareholder's meeting or else it is liable for a fine not exceeding fifty thousand Baht.
A multiantional company may fix the accounting period to coincide with the head office. Normally, in Thailand, the accounting year is January 1 to 31 December. The first accounting period can be less than 12 months.
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