Tax Advisory Services in Thailand

Contents

Tax Advisory Services in Thailand

When Tax Advisory May Be Needed

A tax review can help before you enter a contract, arrange a payment, invest, restructure or make a cross-border transaction. We focus on the facts and the decision you need to make.

• Reviewing the likely Thai tax treatment of a proposed transaction
• Comparing options before a commercial or corporate decision
• Assessing documentation and information needed to support a position
• Identifying tax risks, open questions and matters requiring legal input
• Providing a second review of an existing tax analysis

Corporate Tax Advisory

Corporate tax advice examines how a business activity, transaction or company decision may affect Thai corporate income tax and related obligations.

1. 01

   Business decisions

   Review proposed activities, revenue models, cost arrangements and tax questions arising from changes to the business.

2. 02

   Transactions and restructuring

   Assess tax considerations for reorganisations, shareholder or director transactions, financing and other proposed changes.

3. 03

   Risk review

   Identify assumptions, missing information, documentation issues and questions that should be resolved before execution.

VAT and Withholding Tax Advice

VAT and withholding tax advice examines the transaction, parties, payment flow and supporting documents to identify questions about the relevant Thai tax treatment.

• VAT treatment of goods or services
• Withholding tax on payments to Thai or overseas recipients
• Tax invoice and supporting-document considerations
• Payment timing and information needed for compliance

For recurring obligations and monitoring, see tax compliance services in Thailand. For preparing and submitting a return, see tax filing services in Thailand.

Cross-Border and International Tax Matters

Cross-border tax advice may cover service payments, intercompany arrangements, related-party transactions, dividends, financing, the tax treatment of agreements and other dealings with overseas parties.

The review may consider the transaction documents, participants, place of activity, payment flow and applicable treaty and statutory considerations. Depending on the facts, it may also consider whether a Thai permanent establishment question arises, Thai withholding tax on payments and VAT implications. The Revenue Department's double tax agreement resources and VAT provisions provide official reference points; the applicable analysis depends on the parties, transaction and supporting documents. Where legal interpretation or another specialist area is required, WMC can coordinate that work alongside the tax analysis.

Companies looking for a Thai tax consultant may need advice before a transaction, restructuring, cross-border payment or new business arrangement.

Foreign-owned companies may also need to connect a transaction review with their Thai accounting and tax records. See accounting and reporting where that wider context is relevant.

Tax Review Before Transactions or Restructuring

A pre-transaction review identifies the tax questions to address before signing or implementing an arrangement. Commercial, legal and regulatory due diligence remain separate work.

• Describe the proposed transaction and parties
• Review relevant contracts, invoices and payment terms
• Identify Thai tax questions and possible risk areas
• Separate known conclusions from facts still requiring confirmation
• Set out the next steps for gathering information and preparing documents

Tax Advisory for Foreign-Owned Companies

Foreign-owned companies, Thai subsidiaries and overseas finance teams may request tax advice when a Thai operation receives group services, pays overseas suppliers, distributes profits, changes its structure or enters a new line of business.

WMC can organize the Thai accounting and tax information for review and explain the practical questions that arise from the available records. Company registration and ownership matters should be reviewed with the appropriate registration or legal adviser; see company registration support in Thailand for the separate incorporation service.

From Tax Advice to Tax Compliance

Tax advice addresses a decision, transaction or tax position. Once you proceed, the related accounting, documentation, ongoing compliance and filings still need to be handled.

WMC can connect advisory observations with outsourced accounting services, tax compliance and tax filing where those services are separately agreed. An accounting review may be needed first if historical records are incomplete.

How a Tax Advisory Engagement Starts

1. 01

   Describe the decision

   Set out the proposed transaction, arrangement, business activity or question.

2. 02

   Review the facts

   Examine relevant contracts, parties, payments, registrations and available records.

3. 03

   Frame the tax issues

   Identify applicable questions, assumptions, documentation needs and matters for specialist review.

4. 04

   Record the next action

   Summarize the analysis and distinguish advice from later compliance or filing work.