Effective September 1, 2021, foreign businesses rendering e-services to users in Thailand who are not VAT registrants (e.g. individuals, Representative/Regional Offices) are required to register to VAT if their turnover in Thailand exceeds THB 1.8 million per fiscal year and such revenue generated from Thailand-based users are subject to 7% VAT. This includes online games,
Read More...From September to November 2021 included, the monthly contributions to the Social Security Fund (SSF) are reduced to 2.5% (from 5%) of the employees’ base salaries for both employees and employers, capped at THB 375. For instance, with a salary of THB 40,000 / month:Employee’s monthly contribution: THB 375 (from THB 750)Employer’s monthly contribution: THB
Read More...From June to August 2021 included, the monthly contributions to the Social Security Fund (SSF) are reduced to 2.5% (from 5%) of the employees’ base salaries for both employees and employers, capped at THB 375. For instance, with a salary of THB 40,000 / month:Employee’s monthly contribution: THB 375 (from THB 750)Employer’s monthly contribution: THB
Read More...From February to March 2021 included, the monthly contributions to the Social Security Fund (SSF) are reduced to 0.5% (from 5%) of the employees’ base salaries for employees, capped at THB 75, and to 3% (from 5%) for employers, capped at THB 450. For instance, with a salary of THB 30,000 / month:Employee’s monthly contribution:
Read More...Submission not more than 2 months late: Type Fine (THB) Company Director/Partner/Person in charge Total Fine (THB) Registered Partnership 1,000 1,000 2,000 Company Limited 1,000 1,000 2,000 Representative Office/Regional Office/Branch Office 2,000 2,000 4,000 Public Company Limited 2,000 2,000 4,000 Joint Venture
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From September to November 2020 included, the monthly contributions to the Social Security Fund (SSF) are reduced to 2% (from 5%) of the employees’ base salaries, capped at THB 300, for both employers and employees. For instance, with a salary of THB 30,000 / month:Employee’s monthly contribution: THB 300 (from THB 750)Employer’s monthly contribution: THB
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From year 2020 to 2024, Super Savings Fund (SSFs) will replace Long-Term Equity Funds (LTFs) for tax allowance purpose. Investments made each calendar year in SSFs are tax-deductible up to 30% of the taxpayer’s gross assessable annual income but capped at THB 200,000. There is no minimum investment amount and as opposed to LTFs and
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Among the series of measures announced by the Government to help companies affected by the economic consequences of the coronavirus, reduced Withholding Tax rates and Social Security contributions were implemented. From April 1, 2020 to September 30, 2020, the Withholding Tax (WHT) rate upon payment for professional services is down to 1.5% from 3%. Note
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A company limited must hold an Annual General Meeting (AGM) to approve the company’s financial statements and other matters within 4 months of its fiscal year end. It must also submit its updated shareholders list and audited Financial Statements to the Department of Business Development (DBD) respectively within 14 days and 1 month of the
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We are proud to announce that we now offer company registration services! Our team may assist you in registering a company limited, Representative Office or Regional Office in Thailand. Check out our ‘Company Registration’ and ‘Company Registration + Accounting & Audit (12 months)’ packages here and feel free to contact us so we can help
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