Value Added Tax (VAT) is a tax collected from the sale of goods or services at each stage of production and distribution, both domestically produced and imported. Currently
The payment of income tax by legal entities, using the calculation of net profit, must employ the accrual basis. This means including all income that arises in any accounting period
The Value Added Tax (VAT) is a form of tax levied on the sale of goods or services at each stage of production and distribution, whether they are produced domestically or imported from abroad.
Companies or partnerships, as legal entities, repatriating profit or other funds derived from profits or deemed as profits out of Thailand, are obligated to pay income tax.
Companies or partnerships, acting as legal entities that repatriate profit or other funds accrued from profits or deemed as profits from Thailand, are obligated to pay income tax
The current basis for calculating corporate income tax can be divided into four categories: net profit, the transfer of profit out of Thailand, money paid from or within the country, and gross income before deducting expenses.
The government necessitates the collection of taxes to finance public development and initiatives that are beneficial to society. Thus, the Revenue Department has the responsibility to collect taxes
Many people may wonder why a portion of their salary or wage is deducted, which is referred to as withholding tax. This is one form of tax payment where the income received by individuals