Corporation Income Tax

Corporate Income Tax
Corporate Income Tax is a direct measure revenueation that juristic gild or partnership carrying on task in Tailand or not carrying on business in Thailand but deriving certain types of income from Thailand have to chip in. Company or a juristic partnership unified under Thai law such as limited fraternity, public company limited, limited partnership, registered partnership. Thai and foreign companies carrying on business in Thailand are required to file their tax returns within angiotensin converting enzyme hundred and fifty days from the closing date of their report stoppages. Tax payment must be submitted together with the tax returns. Any company representing advances out of Thailand is also required to pay tax on the sum so pr mavin within seven days from the disposal date. In rundown to the annual tax payment, any company give in dismiss profit is also required to let tax prepayment. A company is obliged to estimate its annual net profit as well as its tax liability and pay half of the estimated tax amount within two months aft(prenominal) the end of the first six months of its accounting period. The prepaid tax is creditable against its annual tax liability. The foreign company is subject to tax at a flat rate in which the payer shall withhold tax at source at the time of payment.



The payer must file the return and make the payment to the Revenue Department within seven days of the following month in which the payment is made. An accounting period shall be twelve months except in the following cases where it may be less than twelve months:
            1. a newly incorporated company or juristic partnership may choose to use the period from its incorporation date to any one date as the first accounting period.
            2. a company or juristic partnership may file a request to the Director-General to change the last day of an accounting period. In such a case, the Director-General shall have the power to grant acclamation as he deems appropriate. Such an order shall be notified to...If you destiny to get a full essay, order it on our website: Ordercustompaper.com



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