{"id":3863,"date":"2023-11-13T15:54:03","date_gmt":"2023-11-13T08:54:03","guid":{"rendered":"https:\/\/fdi.co.th\/?p=3863"},"modified":"2024-04-04T12:01:45","modified_gmt":"2024-04-04T05:01:45","slug":"%e0%b8%88%e0%b8%94%e0%b8%97%e0%b8%b0%e0%b9%80%e0%b8%9a%e0%b8%b5%e0%b8%a2%e0%b8%99-%e0%b8%a0%e0%b8%9e-20-%e0%b8%84%e0%b8%b7%e0%b8%ad%e0%b8%ad%e0%b8%b0%e0%b9%84%e0%b8%a3-%e0%b9%80%e0%b8%a3%e0%b8%b2","status":"publish","type":"post","link":"https:\/\/fdi.co.th\/en\/blog\/%e0%b8%88%e0%b8%94%e0%b8%97%e0%b8%b0%e0%b9%80%e0%b8%9a%e0%b8%b5%e0%b8%a2%e0%b8%99-%e0%b8%a0%e0%b8%9e-20-%e0%b8%84%e0%b8%b7%e0%b8%ad%e0%b8%ad%e0%b8%b0%e0%b9%84%e0%b8%a3-%e0%b9%80%e0%b8%a3%e0%b8%b2\/","title":{"rendered":"What is VAT License registration? Let's find out"},"content":{"rendered":"
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Everyone may be familiar with the word Value Added Tax or VAT 7% but would like to be unfamiliar with VAT License registration and if anyone is starting a business that sells products and provides services with an income of more than 1.8 million baht per year, you should definitely read this article. By the way FDI A&A<\/span> Explore about registration, what is VAT License and various information. To make everyone understand more about VAT. If you're ready, let's get started!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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What is a VAT License ?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Por.Por. 20 is a VAT registration certificate, an important document that shows a company has registered for VAT or entered the Value Added Tax system. This means that businesses in the VAT system have the following additional responsibilities:<\/p>

  1. Every sales item that occurs must be charged VAT 7% and sales tax will be sent to the Revenue Department.<\/li>
  2. Input tax arising from various purchases The company must keep tax invoices. as evidence for tax credits (That is, the purchase tax is deducted from the sales tax)<\/li>
  3. VAT must be submitted using Form PP.30 on a monthly basis.<\/li><\/ol>

    For example, Company A Company Limited has monthly sales of 1000 baht with sales tax of 7%, which is 70 baht. And the company has purchases for the entire month of 700 baht and has input tax of 7% at 49 baht. Therefore, the amount that the company must submit to PHO 30. to the Revenue Department is 70 - 49 = 21 baht. But if the sales tax is less than the input tax, the negative amount can be taken as a tax credit to use in the next month.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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    What information is in VAT License?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    1. The word PP 20, Value Added Tax Registration Certificate<\/li>
    2. Operator name<\/li>
    3. Establishment name<\/li>
    4. Select to show whether it is the head office or branch.<\/li>
    5. Company address<\/li>
    6. Company contact number<\/li>
    7. Date of becoming a VAT registered operator<\/li>
    8. Name and position of the revenue officer of this registration issuer<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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      How to register for VAT<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      How to register for VAT VAT registration This can be done in 2 ways as follows:<\/p>