Step 1: Determine your eligibility

Before registering for VAT, it is important to determine if your business is eligible. If your business is engaged in the sale of goods or services that are subject to VAT, and your annual turnover exceeds 1.8 million Baht, then you are required to register for VAT.

Step 2: Gather the required documents

To register for VAT, you will need to gather the following documents:

• Company affidavit and memorandum of association
• Company registration certificate
• Tax ID card of authorized director
• Financial statements for the past 12 months
• List of shareholders
• Lease agreement for office or commercial space
• Any other relevant documents related to your business

Step 3: Submit your application

Once you have gathered all the necessary documents, you can submit your application for VAT registration to the Revenue Department. You can submit your application in person, online, or by mail.

Foreigners who wish to register for VAT must have a valid work permit or a business visa. They must also appoint a Thai resident as their tax representative.

Step 4: Wait for approval

After submitting your application, you will need to wait for approval from the Revenue Department. The approval process usually takes 7-14 business days.

Step 5: Pay the registration fee

Once your application is approved, you will need to pay the registration fee. The registration fee for VAT is 1,000 Baht.

Step 6: Start collecting VAT

After your registration is complete, you must start collecting VAT from your customers. The current VAT rate in Thailand is 7%.

Additional options for foreigners

Foreigners who do not have a work permit or a business visa can still register for VAT by setting up a Thai company. This requires a Thai partner who will hold at least 51% of the shares in the company.

The cost of setting up a Thai company varies depending on the type of company and the services required. The cost can range from 15,000 Baht to 50,000 Baht.

Registering for VAT is an important step for any business in Bangkok, Thailand. It is important to ensure that you meet the eligibility criteria and have all the necessary documents before submitting your application. Foreigners who wish to register for VAT must have a valid work permit or a business visa, or they can set up a Thai company. The cost of VAT registration is relatively low, with a registration fee of 1,000 Baht.