The Company is doing business of machine trading and we need to register VAT within 30 days from the date of sales once the total sales reach THB 1.8 million. Could you please specify when is the date of sales under the VAT law in Thailand? Should the date of sales be “date of sale invoice”, “date of bill of lading” or “date of the goods arrive customer location”?
Panwa: The tax liability for local sale will be the date of transferring ownership of goods, except in the case of receiving payment or issuing tax invoice will incur before, it will use such event date. If it is the export sale, the tax liability is incurred on the date of bill of lading.
Anyways, if you would need further assistance for tax consulting and advisory of tax points, we could assist for such click here.