In addition to corporate tax and VAT, you’ll have to pay withholding taxes on certain types of payments. There are also social security contributions if you have employees. Make sure to stay updated on tax regulations, as they can change. Consulting with a local tax advisor is highly recommended.
Corporate income tax in Thailand is generally 20%. You’ll also need to register for VAT if your revenue exceeds 1.8 million THB annually. VAT is 7% on most goods and services. It’s crucial to keep accurate records and file your taxes on time. Hiring a good accountant familiar with Thai tax laws can save you a lot of headaches.
In addition to corporate tax and VAT, you’ll have to pay withholding taxes on certain types of payments. There are also social security contributions if you have employees. Make sure to stay updated on tax regulations, as they can change. Consulting with a local tax advisor is highly recommended.
Hey,
Corporate income tax in Thailand is generally 20%. You’ll also need to register for VAT if your revenue exceeds 1.8 million THB annually. VAT is 7% on most goods and services. It’s crucial to keep accurate records and file your taxes on time. Hiring a good accountant familiar with Thai tax laws can save you a lot of headaches.