If transfer back the company’s capital to Singapore in cases of : loan to a related party and or if close the company in Thailand, would there be any tax incurred?

by panwa group | Sep 17, 2021 | 5.QA

In the event that we want to repatriate the capital back to Singapore, would there be any tax to be incurred? This is in the form of a) loan to a related party b) we close the legal entity in Thailand Panwa: Actually we will recommend client to pay as dividend or for...

In case we do software and hardware distribution business (to customers in Thailand), for the payment to the sellers in overseas, is our company in Thailand obliged to deduct tax on assessable income paid? And if so, at what rate?

by panwa group | Sep 17, 2021 | 5.QA

The company operates software and hardware distribution business in Thailand and has imported software from companies in 11 countries for distribution to customers with residences and location in Thailand. For the company payment of software fees to sellers in 11...

If we serve the client’s goods trucking from their factory to our I.C.D. to store and send it back to their factory which it includes the fee of warehouse, we need to charge the VAT?

by panwa group | Sep 17, 2021 | 5.QA

We would like to explain our business that serve as I.C.D. (INLAND CONTAINER DEPOT) which got permission from Customs Department (services of customs broker and warehouse etc.), if we serve the client’s goods trucking from their factory to our I.C.D. to store and send...

Through the E-service tax law, are we able to check if a foreign company registered VAT or not?

by panwa group | Sep 17, 2021 | 5.QA

Can we check if a foreign company has registered VAT through the E-Service Tax law. Panwa: Yes, can check with the RD website or can follow the link as below. https://eservice.rd.go.th/rd-ves-web/sea rch/company l’St:> www. rd.go.th >> English>>...

In case of do import-export business, is it compulsory to register VAT immediately?

by panwa group | Sep 17, 2021 | 5.QA

We may use your address for the registration first. But if we will do import/export trading business, whether we need register VAT now?   Panwa: Noted and please note that there is no requirement to register VAT for import/export trading business. Thus, kindly note...

VAT for providing service in local but use in overseas

by panwa group | Sep 17, 2021 | 5.QA

The company has provided service maintenance locally for the client in overseas, for the material that was imported to Thailand and then after the maintenance is completed , the company will export it back to overseas. How about the VAT for this case? Panwa : Please...