In normal circumstances, the company that has an annual income at least 1.8 million THB has to register for VAT, unless it provides certain types of goods and services that are VAT-exempt. However, despite being in a business that is VAT-exempt, some companies might voluntarily want to register for VAT in order to get a tax credit or VAT refund, but the downsides are that they have to charge their customers at a higher price for their goods or services and they have an obligation to submit monthly VAT returns.

Indeed, there are pros and cons of being in VAT system. You might need special consideration to make a decision and we can help you by offering some advices as well as assisting you with the VAT registration process.