How do I claim VAT in Thailand?

Tourists can claim a VAT refund at the VAT Refund for Tourists Counter at an international airport, or drop the documents into the box in front of the VAT Refund for Tourists office, or mail the documents to the Revenue Department of Thailand.

What is VAT called in Thailand?

Value added tax (‘VAT’) is a tax on the sale of goods or the provision of services. The current rates are 7% and 0% with some exemptions from VAT. VAT paid (‘input VAT’) is offset against the VAT charged on sales (‘output VAT’).

How can I get my tax refund from Thailand?

If you wish to receive your tax refund, you shall fill in the requested amount and sign in the space provided. The Revenue Department will refund the tax via prompt-pay system. For your convenience, you can use your National ID number to subscribe to the system with any banks providing such service in Thailand.

What happens if you don’t pay tax in Thailand?

Delayed Tax Payments If you don’t pay your taxes on time, you will face a 1,000 baht to 2,000 baht fine with a 1.5 percent monthly interest rate per case.

How do you claim VAT refund?

How to claim your VAT refund. You must claim your VAT refund online, via the authorities in the country where your business is based. If you are eligible for a refund, the authorities will pass on your claim to the authorities in the other country. outlining the responsibilities of the national tax authorities.

How much is VAT refund in Thailand?

7%
The VAT refund system for tourists is a way to encourage tourists to shop in the country. Thailand offers 7% refund for goods and services that are purchased in Thailand but ultimately consumed when you leave. This excluded your hotel and restaurants that you visit while in the country.

Who pays VAT in Thailand?

Any person or entity who regularly supplies goods or provides services in Thailand and has an annual turnover exceeding 1.8 million baht is subject to VAT in Thailand.

Do expats pay tax in Thailand?

Expats earning less than 150,000 Baht are exempt from income tax. Expats earning more than 150,000 Baht but less than 500,000 Baht will be taxed at 10%. Expats earning more than 500,000 Baht up to 1 Million Baht will be taxed at 20%. Over 1 Million but less than 4 Million Baht will be taxed at 30%.

What kind of penalty you will get if you do not pay tax?

If you file your taxes but don’t pay them, the IRS will charge you a failure-to-pay penalty. The penalty is 0.5 percent of your unpaid taxes for each month you don’t pay, up to 25 percent. Plus, you’ll owe interest on the unpaid amount.

How long do VAT refunds take?

Repayments are usually made within 30 days of HMRC getting your VAT Return. Your repayment will go direct to your bank account if HMRC has your bank details. Otherwise HMRC will send you a cheque (also known as a ‘payable order’). You can change the details that HMRC uses to make your repayment.

How do I claim VAT online?

How to get a VAT refund

  1. Get a VAT 407(NI) form from the retailer.
  2. Complete the VAT 407(NI) form.
  3. Show the goods, the completed form and your receipts to customs at the point when you leave Northern Ireland or the EU.
  4. Customs will approve your form if everything is in order.