Blog
The Thailand Digital Arrival Card (TDAC)
The Thai government is introducing the new digital system Thailand Digital Arrival Card (TDAC) which aims to provide convenience for all foreigners entering Thailand by air, land or sea. TDAC, which is developed to replace the traditional paper-based TM6 arrival…
Late Filing or Incorrect Filing of Personal Income Tax
In the event that a taxpayer was not able to submit and make the tax payment on time, there are penalty and surcharge to be paid upon submission of tax returns. This also applies if a taxpayer who filed the…
Request for Extension of Tax Filing Period
When a taxpayer has submitted his/her tax return within the specified deadline but there is a problem or error in the computer program or the e-filing system or payment method which resulted to the tax filing and payment to be…
Thailand’s Tax Single Sign On (Tax SSO)
Tax Single Sign On (Tax SSO) system is developed to integrate the use of electronic services via the Internet of the three tax departments: the Revenue Department, the Excise Department and the Customs Department by using a single user and…
Tax Incentives under the Investment Promotion Act
The Thai BOI grants the promoted activities with tax and non-tax incentives. In order to obtain investment promotion, the BOI applicant must follow the conditions prescribed by the Board of Investment as specified in the BOI promotion certificate in which…
Reimbursement of Expenses From an Overseas Based Company
When an employee of a Thai company incurred expenses for an overseas business trip which can be refunded from the organizers abroad, the Thai company can payback its employee for the expenses incurred and reimbursed it from such overseas based…
Tax Burden on Interests From Profits
In Thailand, individual and corporate investors have different tax rates on interest based on profits from investment in debt instruments. For domestic investors, withholding tax rate for individuals is 15% and they can choose not to include it in their…
Confirmation of Monthly VAT Report
Our monthly accounting and tax services include preparation of the compulsory input VAT and output VAT reports for the clients. We deliver everything as promised within the agreed upon deadline and make sure that the client’s accounts are prepared accurately….
Valuation of Land in Thailand
One of our tax clients asked us on how to revalue the land and houses in Thailand. Normally, land ownership is not possible to foreigners but there are certain ways on how foreigners can own land in Thailand. Our client…
Company in Thailand making payments to Overseas
One of our accounting and tax clients consulted with us regarding a Thai company making payments to its vendors overseas. In response, we explain that when a company in Thailand wants to make payments to overseas, one needs to consider…