Thailand VAT Exempted and Excluded Transactions
In addition to transactions that are zero-rated in Thailand (see our Value Added Tax Rates Guide), the Thailand VAT law also prescribes for transactions that are exempted from VAT, and transactions that are excluded from the VAT base, as follows:
The Thai VAT law exempts VAT for numerous transactions in Thailand. These transactions include the following:
Additionally, the Thai VAT law also prescribes that certain transactions are excluded from the VAT base (i.e. transactions that are excluded from the computation of base amount on which VAT is computed). These transactions include:
This is a general information Tax Insight Article only. It should not be used to determine any matter without consulting with an experienced Thailand tax advisor.