Indirect Tax

It has been more than twenty years since the implementation of VAT in Thailand. However, complying with the VAT rules and requirements is still a challenge to most companies. With the step-up in audits by the Thailand Revenue Department, more focus should be placed on your VAT compliance. In HLB, we have a VAT specialist team that can provide practical and timely advice to support you in your day-to-day VAT tasks as well as taking a pro-active approach in managing your VAT risks.

How HLB can help?

Incorporation of businesses

• Assess registration liability
• Apply for VAT registration/exemption from VAT registration
• Apply for VAT consolidated return registration
• Advise on start-up issues (e.g. VAT coding in system, procedure manual on VAT treatment)

VAT Compliance

• Assist with claiming of pre-registration input tax claims
• Review and e-filing of VAT returns
• Perform one-off VAT return review
• Perform VAT health check reviews
• Conduct VAT training

VAT Advisory

• Advise on VAT treatment of day-to-day business transactions
• Advise on VAT implications of new business models or cross-border transactions
• Perform due diligence reviews

Tax Audits/Investigation

• Manage tax audits/tax investigation process
• Assist with replies to the Revenue Department’s queries
• Assist with objection/appeal to tax assessments

Cessation of Business

• Apply for cancellation of VAT registration
• Advise on VAT implications of VAT de-registration, liquidation process
• Advise on the VAT implications of the transfer of business