Category: Thailand Publication
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Register with Department of Business Development (“DBD”) in Thailand
The Department of Business Development (DBD), part of Thailand’s Ministry of Commerce, oversees the registration and documentation of businesses in the country. The DBD Data Warehouse is an online platform offering detailed information on Thai legal entities. The registration businesses are the following; Type of Business Local Private company • No Limit capital. • …
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Foreign Business License (FBL) holding companies
The Foreign Business License is a permit that allows foreign nationals to operate businesses in sectors that are normally restricted to foreign investors under the Foreign Business Act (FBA). Unlike BOI companies that get lots of benefits, FBL companies are usually subject to more restrictions than regular private companies.
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Register with Department of Business Development (“DBD”) in Thailand
Companies that are promoted by Thailand’s Board of Investment can have the majority or 100% foreign ownership, depending on the industry and the specific incentives granted by the BOI. This includes a 100% foreign-owned company operating in Thailand whilst having several advantages such as tax reductions, as well as not capital and staff limited number…
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Corporate Income Tax
Taxable profit Thai Company Net profit generated globally Foreign Company with PE in Thailand Net profit generated in Thailand Foreign Company with no PE in Thailand Service Fees, Dividends, Rental, Interest Small company with net profit not exceeding 0.3m Baht Exempt Small company with net profit between 0.3m and 3M Baht 15% Small company with…
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Tax Compliance and Filling
Types of tax Document Reference Submission Requirement Withholding Tax – PIT PND 1 Within 7 days of next month Withholding Tax – Individual PND 3 Within 7 days of next month Withholding Tax – Companies PND 53 Within 7 days of next month VAT 7 % PP 30 Within 15 days of next month Social…
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Timeline of Filing Audited Financial Statements on 2023 – 24
For Companies with accounting periods ending 31 December 2023