What is VAT❓

What is VAT❓

For this article, we would like to present about the knowledge of VAT to leave each other. If you're ready, let's go see it.

🔹 Get to know VAT

VAT is a tax that is collected on the value of purchases or services and includes the importation of goods. Where the Revenue Department is responsible for collecting this tax Whereas the rate of VAT is 10%, but special legislation has been reduced to only 7% and use the renewal method in the form of an annual

🔹 Anyone who has to do VAT registration

The law stipulates that VAT is a tax that sellers or service providers who sell products or services in excess of 1.8 million baht per year must register for VAT. Is there a need to stay within the company's layout? The answer is not necessarily in the form of a company. which whether you are doing business in the form of an individual or in the form of a juristic person If the income from your business is more than 1.8 million as specified. which should not be forgotten in the matter of VAT

Vat charged by who? and whoever has to pay which vat is a tax that has been levied from the consumer in which the consumer pays the tax The seller or service provider does not have to pay vat. Who is the consumer? A consumer is a person who does not have a VAT registration, that is, a normal person, an employee of a company. Any person who sells or provides services The seller or the person who provides the service is the person who registered the VAT.

How are you? Hope this article will be useful for all readers and see you in the next article.

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