บริษัท เดอะไรท์ ออฟฟิศ จำกัด

The Right Office provides a full visa/work permit processing for expatriates & families living within the Kingdom of Thailand. We also provide full advice on the best possible manner of obtaining the adequate visa for your particular requirements. Our experienced staff work to make this process as comfortable as possible for our clients.

Corporate income tax is payable by companies and registered ordinary or limited partnerships. It is imposed on the net profits of a business during a tax year, after deduction of permitted depreciation and allowable expenditure. Tax is payable on the net profits arising from a business carried on. Foreign companies or partnerships are liable to pay tax on income originating in Thailand.

The corporate tax rate is 30% of net income. The tax is paid in two stages. A company must file interim accounts and an interim tax return within two months of the end of the first six months of its accounting period, and pay 50% of the tax estimated to be due. The final accounts and the year end tax return must be filed within 150 days of the close of the accounting period and the balance of the tax paid, taking into account the interim payment made halfway through the accounting year.

VAT is payable on the provision of taxable services by an entity registered for VAT. The Thailand VAT system is very similar to that in the United Kingdom. The main differences are:

1. The Thailand VAT rate is a flat rate of 10%, but is currently temporarily reduced to 7%.
2. VAT returns are filed, and the VAT due is paid monthly, within the 15th day of the month following the month of assessment.

Withholding personal income tax must be deducted from an employee’s wages by the employer and paid to the Revenue Department on a monthly basis. The system is similar to PAYE in the United Kingdom, where credit is given against the employee’s annual tax liability for any tax previously withheld and paid.

There are also other instances where withholding tax is required, such as payments for interest, rent, or service fees. For example, when a Thai company pays for services from another Thai company, 3% of the invoice amount must be deducted and paid to the Revenue Department as withholding tax. The issuing company can then claim this amount as a tax credit on its own tax return. International withholding taxes may also apply in certain cases.