20

Mar 2014

Category: TAX
Written by Super User
1170

Value Added Tax (VAT) has been implemented in Thailand since 1992 replacing Business Tax (BT). VAT is an indirect tax imposed on the value added of each stage of production and distribution.

Standard Uniform Rate : 
(VAT Rate 7%)
The Value Added Tax Rate of 7% shall be applied in computing value added tax on the following
transactions :-
  (1) Sales of Goods,
  (2) Provision of Services,
  (3) Imports.
Zero-Rate
(VAT Rate 0%)
The Value Added Tax Rate of 0% shall be applied in computing value added tax on the following
transactions :-
  (1) Export of goods
  (2) Provision of Services performed in Thailand and used in foreign countries, according to the
categories, rules, procedures and conditions, prescribed by the Director-General.
Provision of a service performed in Thailand and used in foreign country includes provision of
a service performed in Thailand for manufacturing goods in a duty free zone for export and
a provision of a service performed in such zone for manufacturing goods for export.
  (3) Provision of international transport services by aircraft or sea-going vessels by a supplier who
is a juristic person.
  (4) Sale of goods and provision of services to a ministry, sub-ministry, department, local government
authority or state enterprise under a foreign loan or assistance project, only in cases which follow
the rules, procedures and conditions prescribed by the Director-General with the approval of the 
Minister.
  (5) Sale of goods and provision of services to the United Nations Organization, its specialized agencies,
an embassy, legation, consulate-general or consulate, only if the sale of goods or provision of
services follows the rules, procedures and conditions prescribed by the Director-General.
  (6) Sale of goods and provision of a service between a bonded warehouse and the other bonded 
warehouse, between a supplier and the other supplier each of whom carries on business in a duty
free zone whether or not they are in the same zone, or between a bonded warehouse and 
supplier carrying on business in a duty free zone, only if such sale of goods or provision of 
a service follows the rules, procedures, and conditions prescribed by the Director-General.
A bonded warehouse under the first paragraph means a bonded warehouse under the law
governing customs.
A bonded warehouse under the first paragraph means a bonded warehouse under the law
governing customs.