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Tax benefits for small business (SMEs)

As a small business, do you know that there are some tax benefits that you can use in order to save more tax:

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Tax compliance when paying abroad

When paying money overseas withholding tax rates may be reduced or exempted depending on types of income under Double Taxation Agreement (DTA) provisions with the country where the money is to be sent.
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Tax compliance when paying money overseas

Sometimes when running a business here it may be necessary to pay fees to companies that are based overseas. If this happens then we need to know what kind of tax is attached to such a remittance, so that we're not penalised when we receive our tax audit.

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Tax on paying sales commission

In a previous issue, I have already informed you that a company or Limited Partnership in Thailand has the duty by law to withhold tax from their suppliers when paying for certain kinds of services and submit to the Revenue Department. More over, if that juristic person forgets to withhold the tax, they have to pay the tax by themselves plus a penalty and interest of 1.5% per month.

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Tax Planning with LTF and RMF

As the end of the year draws near I would like to introduce you to recent tax allowances, the RMF and LTF. You have until December 2005 to invest in both funds to help reduce your personal income tax.
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