In case company has stop operations but has not yet registered for closing at DBD, does it still have the duty to pay for CIT?

by panwa group | Jan 7, 2022 | 5.QA

The company stop doing business and therefore has no  income and has not notified the termination with the Department of Business Development. For this case, does our company still  have to pay corporate income tax? Panwa : If the juristic person has not been...

In case of water and electric consumption payments are made by the company to the relevant government departments, is the company obliged to withhold the tax?

by panwa group | Dec 29, 2021 | 5.QA

Our company paid the electric and the water to the metropolitan electric and water departments, is our company obliged to withhold the tax? Panwa: The metropolitan electric and water departments is a juristic person that does not qualify as a juristic company or...

The company hired a contractor to do some repair services, is the maintenance fee charged by the contractor considered as expenses?

by panwa group | Dec 29, 2021 | 5.QA

We are doing business for warehouse rental which there are 15 rooms. Currently, each warehouse rooms have been damaged, so, we have engaged a contractor to maintain which it will make soil reclamation to ground higher and pour the concrete. The contractor charged the...

In case company gives cash discount to customer for the payment that made within conditions, can the company issue credit note?

by panwa group | Dec 29, 2021 | 5.QA

The company gives a cash discount to its customers. If the customer is able to pay for the product within the specified conditions, can the company issue a Credit note? Panwa :  In the case that the company gives a cash discount to customers who pay before maturity,...

If the client did not fill in their company’s name and address on tax invoice, can it still be used?

by panwa group | Dec 29, 2021 | 5.QA

Our client did not fill in the name and address in the Tax invoice, how to do about this? Panwa: If your client did not fill in the name and address in the tax invoice, your company can issue the abbreviated tax invoice. Anyways, in case you need further assistance...

Does the company need to withhold tax for providing monthly lump sum to employee for visit client place?

by panwa group | Dec 29, 2021 | 5.QA

We would like to inquire that if our operation need the employee to use his/her car to officiate the visit to client at their place for demo/presentation/maintenance product which the client’s office/factory location is in Bangkok and province and the company have...