by Ingo Siewert | Oct 21, 2024 | Corporate Tax
Understanding VAT in Thailand: What You Need to Know Value Added Tax (VAT) has been a part of Thailand’s tax system since 1992, when it replaced the Business Tax (BT). Essentially, Valuable Added Tax is an indirect tax applied to the value added at each stage of...
by Ingo Siewert | Sep 24, 2024 | Corporate Tax
Withholding tax (WHT) is a form of pre-collected tax that is deducted from certain payments made in Phuket and the rest of Thailand. The purpose of WHT is to collect tax from individuals and businesses before they receive their full payment, ensuring that the...
