Joint Venture in Thailand Tax Structure

Joint Venture is liable to taxes as juristic person under as juristic person under Section 39 of the Revenue Code with responsibilities below:

1. To apply for Tax ID Card by using Lor.Por.10.3 Form within 60 days from setting up.

2. In case of having income which is subject to VAT or Special Business Tax (SBT),

3. Withholding tax shall be deducted when Joint Venture pay some category of expenses to the recipient (individuals and corporations) and shall be submitted by using PND.1, PND.2, PND.3, PND.53 and PND.54 as the case may be, within 7 days of the following month.

4. Joint Venture shall file tax return and pay corporate income tax twice a year as below:

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