5 most common Tax mistakes in Thailand and how to avoid them

Companies operating in Thailand should be cautious about matters that could cause surcharges, fines or investigations by the Revenue Department. This article will guide you through the main common tax mistakes that businesses in Thailand often make. 1. VAT registration If the company has an annual turnover exceeding 1.8 million baht, the company must register with the VAT system (Form VAT 01) before commencing

Appointing a Data Protection Officer for your business in singapore: the ultimate guide (2021)

Under Singapore’s Personal Data Protection Act (PDPA), organizations (such as businesses) are required to appoint at least one individual as their Data Protection Officer (DPO) to ensure their compliance with the PDPA. Your business’ DPO can be either an employee or a third-party. However, take note that your business is not exempted from fulfilling its data protection obligations just because you have appointed a DPO for it. This

Stamp duty in Singapore: everything you need to know

Stamp Duty is the tax governments place on legal documents. In Singapore, Stamp Duty applies to dutiable documents relating to any immovable property in Singapore as well as any stock or shares. Stamp Duty is levied at the ad valorem rate or at a fixed amount set for each document. To Which Documents Does Stamp Duty Apply?  The contract documents and documents subject to

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Corporate Income Tax in Thailand in 2021 : the complete recap

The standard rate for corporate income tax in Thailand is 20%. However, this rate varies based on the type of taxpayer. A reduced Tax Rate for SMEs and Companies promoted by the BOI  Small companies benefit from tax exemption up to 300,000 Baht (USD 9,620) while companies promoted by the Board of Investment (BOI) may be granted corporate tax exemptions up to 11 years