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Overview of Taxation in Thailand

:: Corporate Income Tax
:: Value Added Tax (VAT)
:: Zero Rated VAT
:: Specified Business Tax (SBT)
:: Personal Income Tax
:: Personal Income Tax Deductions
:: Other Taxes

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Taxation in Thailand - Zero Rated Value Added Tax

The following are Zero rated for Value Added Tax in Thailand:

:: Exports
:: Services provided in Thailand for persons in foreign countries
:: International transportation by air and sea by Thai juristic persons. Foreign juristic persons may enjoy zero percent when its country applies zero percent to Thai juristic persons operating there.
:: Sale of goods or services to civil service or state enterprises under foreign loan or aid schemes
:: Sale of goods or service to the UN and its agencies, foreign embassies and consulates
:: Sale of goods or services between bonded warehouses, between operators in export processing zones, or between the former and the latter.

Business operators earning exceed 1,200,000 Baht per annum must register for VAT within 30 days of the date they reach 1,200,000 Baht in sales. Operators, which business earning less than 1,200,000 Baht, can choose whether they enter the VAT system or not. However, operators that do not enter the VAT system, can not charge VAT to their customers for any step of production.

Special exemption from Value Added Tax in Thailand

:: Operators earning less than 1,200,000 Baht a year
:: Sale or import of agricultural products, livestock, and agricultural inputs, such as fertilizer, and feed
:: Sale or import of published materials and books
:: Auditing, legal services health services and other professional services
:: Cultural and religious services
:: Educational services
:: Services provided by employees under employment contracts
:: The sale of goods as specified by Royal Decree
:: Goods exempt from import duties under the Industrial Estate Authority of Thailand (IEAT) Act
:: Domestic transport (excluding airlines) and international transport (excluding airlines and sealines)

 

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