If never deduct the withholding tax for license fee and can deduct only one time at the end of year?

by panwa group | Sep 8, 2021 | 5.QA

The company has to pay the license fee every month but did not withhold the tax. In this case can deduct the withholding tax one time, at the end of the year? Panwa : Please note that you cannot deduct the withholding tax one time, at the end of the year because the...

Kindly advise to register a company with capital Baht 10 million and how to prove the source of fund?

by panwa group | Sep 8, 2021 | 5.QA

I plan to setting up a company in Thailand with 10 million capital, can you please send us specifications of the requirements of the capital that we need to prove the source of the fund? Panwa: With regards to the process of registration of the new company for the...

Please advise the service business type that can charge VAT 7% and 0%?

by panwa group | Sep 8, 2021 | 5.QA

Please note that our company doing business as below: IT services, consumed outside Thailand but invoiced from the Thai company.Later on, Investments in for example properties (possible for rent out) and other business opportunities. Anything to consider given the...

Is a non-VAT registrant company mandatory to pay taxes?

by panwa group | Sep 8, 2021 | 5.QA

Is a non-VAT registrant company mandatory to pay taxes? Panwa: Normally, consumer should pay vat when buy any goods and services which such vat can be recorded as Company’s expenses. Moreover, if you mean other taxes, when the Company had  been registered, it is...

What is VAT rate for our company sells the goods overseas but the buyer handles the exporting process by themselves?

by panwa group | Sep 8, 2021 | 5.QA

We would like to check in case our company sells the goods overseas but the buyer handles the exporting process by themselves, What is the Vat rate that we must charge?  Is it 7% or 0%?  Please advise. Panwa: In such a case, the company must submit the sales vat for...