Thaipan Legal - Tax Advisory Service in Thailand
Welcome to the world of tax planning and compliance! As a tax advisor based in Thailand, we understand the complexities of navigating the Thai tax system and are here to help you navigate it with ease. Our team of highly trained and experienced professionals is dedicated to providing personalized tax solutions that meet the unique needs of each of our clients tax advisory. Whether you’re an individual or a business, we have the knowledge and expertise to help you minimize your tax advisory and maximize your financial returns.
Tax Consultant in Thailand - Tax Advisory Services At Glance
We offer a wide range of services, including tax planning and compliance, tax structuring, and tax representation. We work closely with our clients to understand their unique needs and goals, and we develop customized strategies that are tailored to their specific situation tax advisory.
We are committed to providing our clients with the highest level of service and professionalism. We believe in building long-term relationships with our clients and strive to exceed their expectations with every interaction.
If you’re looking for a reliable and experienced tax advisor in Thailand, look no further. Contact us today to schedule a consultation and learn more about how we can help you achieve your financial goals.
Statutory financial statements for companies and branches of foreign companies complying with the Singapore Financial Reporting Standards (FRS) and Companies Act, Cap. 50
Management Corporation Strata Title (MCST) financial statements as required by Building Maintenance and Strata Management Act.
Financial statements of societies and co-operatives
Retail sales / revenue reporting for lease or tenancy agreements
EDB grant claims
Other kinds of Accountants’ and other Audit Reports including audit of and income verification for self-employed persons.
Auditing Process
Auditing involves obtaining of sufficient appropriate evidence regarding
Key Benefits of an Audit
Auditing involves obtaining of sufficient appropriate evidence regarding
Statutory Requirements
Auditing involves obtaining of sufficient appropriate evidence regarding
Report by the directors
Auditing involves obtaining of sufficient appropriate evidence regarding
Thailand Specialized Tax Advisor
The tax system in Thailand can be complex and challenging for foreign companies to navigate. However, with the right guidance and support, it is possible to take advantage of the many benefits that Thailand has to offer as a destination for foreign investment tax advisory.
One of the key benefits of doing business in Thailand is the relatively low corporate income tax rate of 20%. This rate applies to both Thai and foreign companies, and is significantly lower than the corporate income tax rates in many other countries. Additionally, foreign companies are eligible for a range of tax incentives and exemptions, depending on the type of business and the location of the investment tax advisory.
One of the most significant tax incentives for foreign companies in Thailand is the Board of Investment (BOI) promotion. This program is designed to encourage foreign investment in certain industries and regions of the country, and it offers a range of tax and non-tax incentives to eligible companies. For example, companies that invest in certain targeted industries, such as software development or renewable energy, may be eligible for a 100% corporate income tax exemption for up to eight years.
Another important consideration for foreign companies in Thailand is the value-added tax (VAT). The standard VAT rate in Thailand is 7%, and it applies to the sale of goods and services, as well as the import of goods. However, there are certain exemptions and reductions available for certain types of businesses and transactions. For example, companies that export goods or services may be eligible for a VAT refund, and companies that are registered as “VAT small businesses” may be eligible for a reduced VAT rate of 3%.
In addition to corporate income tax and VAT, foreign companies in Thailand are also subject to other taxes, such as stamp duty, property tax, and withholding tax. It is important for foreign companies to understand and comply with these taxes in order to avoid penalties and fines tax advisory.
Finally, it is worth noting that Thailand has signed Double Taxation Agreements (DTA) with many countries, which means that income earned by a foreign company in Thailand may be eligible for reduced tax rates or exemptions in both Thailand and the company’s home country.
In conclusion, the tax system in Thailand can be complex for foreign companies, but with the right guidance and support, it is possible to take advantage of the many benefits that Thailand has to offer as a destination for foreign investment. Foreign companies are eligible for a range of tax incentives and exemptions, including BOI promotion, and should be aware of other taxes such as VAT, stamp duty, property tax and withholding tax. Additionally, the country has signed Double Taxation Agreements which could reduce the tax rate of income earned in Thailand. It’s recommended to seek professional advice to ensure compliance and take advantage of all available incentives.