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