Do new company's still need a PP20?

[bkkheat]

Hi,

I have been told that the new companies are not given PP20 which is the VAT registration form.

I am just asking this because I have been told we need to show our PP20, but I understand new rules mean they do not give the PP20's anymore

Is that true?

[blackcab]

The company I work for was registered in November last year and applied for VAT registration straight away (and was granted).

This is in Bangkok.

[bkkheat]

Our lawyers told us that the PP20 is old, now we rang the revenue department and they say we need it lol.

I guess its just best to get it to be safe.

[ApPilotDaniel]

VAT is if your company registration for over 4 mil

[p_brownstone]

Our lawyers told us that the PP20 is old, now we rang the revenue department and they say we need it lol.

I guess its just best to get it to be safe.

New PP 20's were issued some time ago with a 13 digit VAT Number, the old version had only a 10 digit number - do you have the new version?

Patrick

[p_brownstone]

VAT is if your company registration for over 4 mil

Wrong.

A Company must register for VAT if turnover exceeds Baht 1.8 million.

Registered Capital is irrelevant.

Patrick

[CWMcMurray]

It can sometimes take a bit of time to get por por 20 when forming new company.

Will first be issued por por 01 (of memory serves me)

But should have por por 20 within a month or so..

[ApPilotDaniel]

As far as i know new company that is only registrer and up to 4 mil capital will not issue the VAT form.

If you register a company with initial capital of more then 4 mil you will issue it,

An existing company who has turnover income of 1.8 mil + will need the VAT to be granted, even if initial capital was less than 4

[blackcab]

As far as i know new company that is only registrer and up to 4 mil capital will not issue the VAT form.

If you register a company with initial capital of more then 4 mil you will issue it,

An existing company who has turnover income of 1.8 mil + will need the VAT to be granted, even if initial capital was less than 4

This is incorrect. I have experience of a newly opened 2m baht company with no income being granted a PP20 in Bangkok.