NYC's CPD-licensed accountants cover the full Thai VAT lifecycle—registration under Form PP.01, monthly PP.30 filing, input/output reconciliation, export refunds, and audit-ready workpapers whenever the Revenue Department knocks.
PP.01 registration THB 6,500 (completed within 15 working days). Monthly PP.30 filing THB 2,500/month covering input/output computation and e-Filing submission by the 15th (23rd via e-Filing) of the following month.
1) Any legal entity or individual with revenue exceeding THB 1.8M/year must register within 30 days. 2) All importers regardless of revenue. 3) Foreign digital-service providers to Thai consumers (VES). 4) Voluntary registration is available for exporters and startups wanting input-VAT credit.
Standard 7% (Royal Decree extended to 30 Sep 2025). Zero-rate applies to exports, services used abroad, and international transport. Exemptions include books, newspapers, milk, fertilisers, banknotes, healthcare, education, financial services and residential rent.
Filed monthly by the 15th (23rd via e-Filing). Late filing triggers a penalty of 2× the VAT (minimum THB 500), plus surcharge of 1.5%/month, plus a criminal fine of up to THB 2,000.
Exporters can claim a full input-VAT refund within 3 months. The Revenue Department reviews purchase invoices, export declarations and bills of lading and pays within 45 days when clean. General SMEs typically carry the credit forward up to 6 months before requesting cash.
Foreign digital service providers (Google Ads, Netflix, Spotify, Airbnb) with more than THB 1.8M/year of Thai B2C revenue must register for VES and collect 7% VAT from 1 Sep 2021. NYC handles registration, monthly PP.30.9 filings and compliance reports.
Once you exceed THB 1.8M in a year you must register within 30 days.
We prepare and lodge the application to secure your VAT number.
We roll out a template compliant with Revenue Department Order Por. 4/2534.
Input vs. output computed and filed by the 15th (23rd via e-Filing).
If input exceeds output we file PP.30.2 for cash refund or carry-forward credit.
Yes. If turnover stays below THB 1.8 million a year for two consecutive years you can file form PP.08 with the district Revenue office to cancel VAT registration. The Revenue Department normally decides within thirty to sixty days, and you must keep filing monthly PP.30 returns until the cancellation is formally approved.
If the invoice has not yet been delivered to the customer, cancel it, keep all copies in your file and reissue a corrected one under the same running number series. Once it has been delivered you must issue a debit note or credit note within thirty days of the event that caused the change.
Commercial rent for offices, retail units and warehouses carries 7% VAT and the landlord must be VAT-registered to issue a valid tax invoice you can claim as input tax. Residential rent is VAT-exempt, so a mixed-use building normally splits the rent between exempt and taxable components in the lease.
From 1 July 2024, the Revenue Department levies 7% VAT on imported goods below THB 1,500 sold in Thailand (Low-Value Goods).
Excess input VAT can be carried forward for up to six consecutive monthly tax periods. After that you must claim the balance as a cash refund, which the Revenue Department reviews together with the underlying purchase tax invoices, so keep the original documents filed in date order to avoid a lengthy desk audit.
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