In case of purchase fixed assets under lease agreement, what are the things that we need to consider regarding stamp duty?

by panwa group | Sep 22, 2021 | 5.QA

Our company is considering to purchase fixed assets under lease agreement. Are there any matters regarding the stamp duty that we need to consider? Panwa: Lease agreement is the kind of the agreement under section 3 which states under the stamp duty schedule in which...

In case of hiring an outsource person to perform duties as legal consultant and such person will be paid on a monthly basis, how should our company deduct the withholding tax?

by panwa group | Sep 22, 2021 | 5.QA

Our company is considering to hire an individual to be the legal consultant to support for any legal matters such as outline the agreement/any lawsuit relating to business operation. The employment shall be like hiring outsource and the fee that we will pay to them...

In case of lay-off staff and pay severance according to labor law, are there any exemptions on personal income tax calculation?

by panwa group | Sep 22, 2021 | 5.QA

In case our company must lay-off employee and will pay them the severance according to the labor law, are there are any exemptions on personal income tax calculation? Panwa: The regulations for tax exemption in case of paying severance pay are as below: 1) It shall be...

Can a foreigner in Thailand be the bank signatory or should it be a Thai director?

by panwa group | Sep 22, 2021 | 5.QA

For bank account opening, can I make a foreigner in Thailand one of the Director and the signatory? Or the signatory should be a Thai Director? Panwa: Yes, you could appoint the foreigner in Thailand to be one of the Director and the signatory of your company and then...

What are the factors that contribute for a company to not be able to claim VAT?

by panwa group | Sep 22, 2021 | 5.QA

What are the conditions or factors that contribute for a company not to be able to claim VAT? Panwa :  A company would not be able to claim VAT if: Don’t have the original tax invoice such as the company did not issue the tax invoice or issue but input the other...

In case of a company sale imported goods to their client and the client is the one who filed the import entry, does our company in Thailand need to charge the VAT and at what rate?

by panwa group | Sep 22, 2021 | 5.QA

Our business is related to the various shelf production and also, we have many related companies in the world which one of our clients have ordered  the shelf, but for this model, we did not produce. So, we have ordered such model from our related company in overseas...