Tax Services

According to the Thai Revenue Code, every business entity is required to provide the following tax payments and reports:

Yearly Corporate Income Tax (CIT)

Within 150 days of the end of your company's annual accounting period, the Annual Corporate Income Tax must be presented along with a report from a certified accountant or certified tax accountant to the Revenue Department (CIT Form 50).

Half-Year Corporate Income Tax (based on yearly estimate)

The business entity must estimate its annual income and expenses, and compute tax, within 2 months after it has completed half of its yearly accounting cycle (CIT form 51).

Monthly withholding tax at the source, for personal and juristic company (Section 50 of Tax Code)

For some kinds of expenses, the business entity must withhold tax at the source and submit tax form 3 or 53 to the Revenue Dept. within the first 7 days after the end of the month.

Monthly personal income tax (Section 40 (1) of Tax Code)

For salaries, consultants, and other expenses involving hired work, tax deductions must be withheld and submitted to the Revenue Dept within the first 7 days after the end of the month (income tax form 1).

Yearly summary of personal income tax

Within February 28th of every year, the business entity must provide a summary of salary payments according to section 40 (1) by using income tax form Phor Ngor Dor 1 Kor.

Monthly Value Added Tax (VAT)

If a business entity has receipts of 1.2 million baht or more per year, then it must register for Value Added Tax (VAT), with some exceptions (education, agriculture, certain others). In this case, VAT must be submitted within the 15th of the following month (VAT form 30).

All withholding tax must be submitted within the first 7 calendar days after the end of the month.

VAT must be submitted within 15 calendar days after the end of the month.

Much of this can be submitted on the web by filling in the forms on-line as well as doing on-line web bank transfers, if applied for and approved. A form signed by the company Director is submitted to the revenue department, and is usually approved.

If you prefer, we can perform many accounting and reporting tasks for you by the web.

For further assistance, you can contact us at: