VAT registration through the Department of Business Development
By virtue of the Notification of the Director-General of the Revenue Department related to Value-added Tax (VAT) (No. 234) issued on 17 April 2020, an entrepreneur is able to register for VAT with the Department of Business Development (DBD) by submitting a VAT application together with an application for establishing a new ordinary partnership, limited partnership, or limited company, effective 20 April 2020.
Keywords: Mazars, Thailand, Legal , DBD, VAT, Revenue Department
9 June 2020
As a result, an entrepreneur registering for VAT through the DBD is considered a VAT registrant on the date that the legal entity is established, and that entity must file a VAT return monthly, regardless of whether or not sales were made or services provided in that tax month.
The VAT return must be filed and tax paid by the fifteenth of the following month.
Example:
An entrepreneur registered the establishment of a limited company and registered for VAT with the DBD on 5 May 2020. The company was registered as a VAT registrant with the Revenue Department on 5 May 2020. Therefore, the company must file its first monthly VAT return with the Revenue Department by 15 June 2020.
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