Transfer Pricing refers to the prices set for transactions of goods or services between entities within the same corporate group. Any agreement between companies under the same owner or parent company—or under the same control—is subject to transfer pricing rules....

Many people who want to own land or transfer their first home may think they only pay for the house price and that’s it. But did you know that in reality, there are other costs such as transfer fees, taxes, and government fees? What is Land Transfer Fee? Land Transfer...

The BOI (Board of Investment of Thailand) is a government agency that promotes investment in activities beneficial to the country's economy by granting tax and non-tax incentives to approved businesses. Tax Incentives (e.g., Corporate Income Tax exemptions, import...

P.P.36 is a VAT remittance form where the payer of goods or services submits the 7% VAT on behalf of offshore sellers or service providers who do not operate a business in Thailand. VAT-registered operators who use services from foreign companies that operate in...

Thailand's Revenue Code sets the VAT rate at 10%. However, since the 1997 economic crisis, the Cabinet has issued royal decrees to reduce the rate to 7% to ease the public's financial burden. This reduced rate remains in effect today. Operators with annual revenue...

Thai Financial Reporting Standard 15 (TFRS 15): "Revenue from Contracts with Customers," effective Jan 1, 2019, establishes principles for recognizing revenue to reflect the transfer of control of goods or services to customers. The amount recognized should reflect...