Baker Tilly Tax assists clients mitigate their tax risks in Thailand with international and local knowledge. It starts with good tax planning to ensure that transactional risks are identified and reduced and comply with international and local tax. For multinational companies, these transactions are referred to as cross-border transactions and include such areas such as:

• Withholding tax 
• Transfer pricing; and
• Double Taxation Agreements. 

 

We also provide assistance on tax compliance such as:

• Corporate tax returns
• Monthly VAT (value added tax) and withholding tax returns,
• Personal income tax for expatriates
• Special business tax and
• Stamp duty.  

Additionally, our tax professionals are trained to help prepare tax registrations, applications for withholding tax certification from the authority to apply as tax credit against foreign tax in DTA country and applications for Regional Operating Headquarters (ROH).

 

We can assist clients seeking answers on domestic tax matters and legislations, such as drafting taxpayer objections, appeals and request for tax rulings. We are also well equipped to represent clients in Thai Revenue Department audits and seek refunds for overpaid value added tax and withholding tax.

Tax planning and consulting involves having a good understanding of international tax, particularly the Double Tax Agreements (DTA) between Thailand and a number of countries, and local tax. Equipped with tax knowledge, our tax professionals can supply clients with tax structures to support their proposed transactions. Tax structures can allow companies reduce their tax exposure.

Multinational companies require cross border transactions, particularly between affiliates. These transactions are subject to tax reviews, such as transfer pricing, and must comply with local Thai tax rules, despite the DTA. While there are no specific Thai tax laws on transfer pricing, the Revenue Officer is empowered to assess additional tax on the transaction if the transaction is deemed to be below market value. With our understanding of Thai tax rules, we can assist companies with their cross border transactions.

International companies doing business in Thailand, but have no formal presence in the country, may be subject to Thai tax as a legal juristic entity. These companies need to ensure that their Thai transactions are not deemed “to have permanent establishment”, which attracts Thai tax. We can assist companies with their transactions in Thailand and mitigate their risks of being taxed.
 

We offer business support services such as:

• Company registrations
• Foreign Business License
• Doing business under Treaty of Amity
• Company secretarial
• Social security
• Work permits
• Immigration. 

We have trained professionals who can advice on corporate and labor law matters.  We also assist clients gain access to Thai investment promotion programs and other investment and industrial incentives under BOI (Board of Investment). 

We can maintain books of account for clients, including data entry and data storage, reviewing accounts prepared by client staff, and providing monthly reports. Using the information provided to us on a monthly basis, we can prepare the necessary tax fillings for submissions.

We can also function as the client’s accountant. This is where clients call on us for information on a regular basis.