Tax On Business Income

[supraman]

How is tax liability assesed on Thai Limited Companys? Our company has had income but so far has been operating in the red. Is all income that has come into the company taxed or just profit? No partner has had any disbursment of income at this point as all money that has come into the company has been spent on operating costs or put back into the company.

[rogerinthai]

How is tax liability assesed on Thai Limited Companys? Our company has had income but so far has been operating in the red. Is all income that has come into the company taxed or just profit? No partner has had any disbursment of income at this point as all money that has come into the company has been spent on operating costs or put back into the company.

Don't you have an accountant? Of course only profit is taxed.

[soundman]

How is tax liability assesed on Thai Limited Companys? Our company has had income but so far has been operating in the red. Is all income that has come into the company taxed or just profit? No partner has had any disbursment of income at this point as all money that has come into the company has been spent on operating costs or put back into the company.

Company tax:

VAT 7% on most normal sales (exports excluded)

Some provisional tax on some items. (like company phone bills etc.)

With-holding tax is sometimes applicable.

Net Profit

1 - 1,000,000 - 20%

1,000,001 - 3,000,00 - 25%

3,000,000 + - 30%

Cheers, & have a good day.

Soundman.