Is it allowed for 2 companies to register in the same address?

by panwa group | Nov 16, 2020 | 2.Corporate, 5.QA

Would like to seek your advice if it is allowed for 2 companies to share the same registered address? Is there any criteria or restriction on this? Panwa: Please note that in one address, it can be  used to register as many companies, there is no criteria or...

Please advise how can we calculate the personal income tax for sales manager if the company would like to pay for his personal income tax on behalf?

by panwa group | Nov 13, 2020 | 3.Accounting-Tax, 5.QA

Our company is negotiating to hire the new sales manager and he requires the company to pay his personal income tax on behalf of him. Please advise if we decide to hire him, how do we calculate his personal income tax? Should we add his personal income tax which will...

We are newly established company in Thailand which we conduct for import-export license, but not yet have any business activities. Please advise should we register for Value Added Tax (VAT) ?

by panwa group | Nov 13, 2020 | 2.Corporate, 3.Accounting-Tax, 5.QA

We are the newly established company in Thailand which engaged the business as import-export and agency for trading but we have no any business activities at the moment. Should we register for Value Added Tax (VAT)? or when we should register for this? Panwa: We would...

Please advise if we would like to change accounting period from Jan 1st – Dec 31st to Feb 1st- Jan 31st, can we just submit by end of Jan one time?

by panwa group | Nov 13, 2020 | 3.Accounting-Tax, 5.QA

Our company wants to change the financial year from Jan 1st – Dec 31st to Feb 1st – Jan 31st.Can we submit the 2020 Financial Report as at 31 January 2021 (13 months) instead of December 2020? Panwa:  The company is unable to prepare and submit the financial...

If the Company have processed the deduction of withholding tax and filed on behalf of the payer/customers, would it be enough if we only use the letter of notification and responding via email as appointing agent to deduct the withholding tax?

by panwa group | Nov 13, 2020 | 3.Accounting-Tax, 5.QA

If the Company have processed the deduction of withholding tax and filed on behalf of the payer/customers (juristic person), we can use the letter of notification and responding via email as appointing agent to deduct the withholding tax between customer to certify...

What is the tax rate of deduction for buying softwares from overseas and payment to overseas?

by panwa group | Nov 13, 2020 | 3.Accounting-Tax, 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 residence and location in Thailand. Thus, I would like to inquire if the company payment of...