Accounting Services in Phuket

Tax in Thailand, be it Corporate Tax or Personal Income Tax, needs to be done yearly. At Siam Legal Phuket, we provide you with Tax advice and solutions for any Corporate or Personal income tax problems.

Our Services to as below:

• Tax Planning
• Monthly Bookkeeping
• Corporate Income Tax (CIT)
• Personal Income Tax (PIT)
• Value Added Tax (VAT)
• Specific Business Tax (SBT)
• Property Tax
• Company Due Diligence

1. Tax Planning Services

• Corporate Income Tax Planning
• Personal Income Tax Planning
• Value Added Tax Planning (VAT)

2. Monthly Bookkeeping Services

Monthly Bookkeeping mostly shall related for monthly withholding Tax and Social Security by any individual or juristic person that make the payment of Service and professional fees, Dividends, Interest, Advertising Fees, etc., the payer shall subject to withholding tax deduction and submit to the Revenue Department within seven (7) days of the following month in which the payment is made.

Our expertise accountants providing the Monthly Bookkeeping Services for our value customer with the services to as following:

• Social Security Office (SSO)
• PND.1
• PND.3
• PND.36
• PND.53

3. Corporate Income Tax Services (CIT)

Any company or Juristic Partnerships established under a Thai or Foreign law which carry on business in Thailand shall subject to Corporate Income Tax (CIT) in Thailand.

Normally Corporate Income Tax in Thailand levied at the rate of thirty (20%) percent that consider on net profits of the company or Juristic Partnerships income.

One Year Accounting Services Half Year Tax (PND. 51)

The Company or Juristic Partnerships obligated to estimate the annual net profit and required to file the tax form (PND.51) and pay half year tax within two (2) months after the end of the first six months of accounting period.

End of Year Tax (PND. 50) and Financial Report

The Company or Juristic Partnerships obligated to file the Tax form (PND.50), Financial Report and pay the end of year tax on net profits within one hundred and fifty (150) days from the closing date of accounting periods.

4. Personal Income Tax Services (PIT)

A taxpayer who in the previous tax year derived assessable income from an employment or from business carried on Thailand or from business if an employer residing in Thailand or from a property situated in Thailand shall pay tax accordance to the Revenue Code, whether such income is paid within or outside Thailand.

In the event that the person staying in Thailand for a period or periods aggregating one hundred eighty (180) days more than in tax calendar year shall be deemed a resident of Thailand by A resident person in Thailand who in the previous tax year derived assessable an employment or business carried on abroad or from property situated abroad shall, upon bringing such assessable income into Thailand and shall responsibility to pay the tax accordance to the Revenue Code.

However taxpayer of the personal income tax shall subject to file the Personal Income Tax Form (PND.90 or PND. 91) within the End of March after the end of tax calendar year.

For the Personal Income Tax in Thailand subjected for the Rate to as following:

5. Monthly Value Added Tax Services (VAT)

Value Added Tax is means the tax that the entrepreneur levied form customer that purchased of goods or used of services in Thailand.

Vat Registration Services

Any person or business entity that is commencing business in sale of goods or provision of services in Thailand and has annual income exceeding 1.8 million baht shall subject to VAT registration in Thailand within thirty (30) days.

The Following business persons shall not be required to register for Value Added Tax.

• Persons or Small business who has the income less than 1.8 million baht per year;
• Business persons residing abroad and entering Thailand to carry on the business on sale of goods or provision of sale temporarily;
• Business person proving services from abroad and such is used in Thailand;
• Sales of unprocessed agricultural products;
• Provision of healthcare services by government and private hospitals
• Provision of educational services provided by government and private schools.
• Professional services: Medical and auditing services, lawyer services in court and other similar

Monthly VAT payment

Entrepreneur that levied Value Added Tax form customer that purchased of goods or used of services must be submit Value Added Tax Form (PP.30) and pay the Tax at Revenue Branch Office within 15 days of the following month;

6. Specific Business Tax (SBT)

Specific Business Tax (SBT) is indirect tax and is excluding from VAT by Specific Business Tax the entrepreneur levied form customer as well that purchased of goods or used of services in Thailand.

The following businesses carried on Thailand shall be subject to Specific Business Tax (SBT) under the Revenue Code.

• Banking under the law governing commercial banking or any other specific law;
• Business of finance, securities and credit foncier;
• Life insurance under the law governing life insurance
• Pawn broking under the law governing pawnshops
• Business with regular transactions similar to commercial banks;
• Sale of an immovable property in a commercial or profitable manner;
• Sale of securities in a securities market under the law governing securities exchange of Thailand;
• Any other business as prescribed by a royal decree.

Specific Business Tax shall be exempt for the following businesses

• Business of the Bank of Thailand, the Government Savings Bank, the Government Housing Bank, and the Bank for Agriculture and Agricultural Cooperatives;
• Business of the Industrial Financial Corporation of Thailand
• Business of a savings cooperative, only in respect of loans provided to its members or to another savings cooperative
• Business of a provident fund under the law governing provident funds
• Business of the National Housing Authority, only in respect of sale or hire-purchase of an immovable property
• Pawn broking business of a ministry, sub-ministry, department and a local government authority

7. Stamp Duty

Stamp Duty is levied on 28 classes of instruments in the stamp duty schedule of the Revenue Code, The instruments shall subject Stamp Duty, such as, transfers of land, a lease land, stock transfers, debentures, mortgages, life assurance policies, power of attorney, letter of credit, memorandum of association of company limited, article of association of company limited etc.

8. Property Taxes Services

• Yearly Property filing

9. Company Due Diligence Services

Investigate of company background with the details as below

• Company registration recorded
• Final report and yearly tax filing
• Tax payment recorded

For a reliable, fast, and cost-efficient tax and advice solutions in Phuket, our Thai law firm is the best option for you. For further inquiry, please do not hesitate to contact us.

Siam Legal (Phuket)
123 / 27-28 Moo 5, Bangtao Place, Cherngtalay, Thalang, Phuket, 83110, Thailand
Phone: +66 76 326 322
Business Hours: Monday-Friday 9 AM to 6 PM

Siam Legal Phuket