Specific Business Tax (SBT)
Specific Business Tax (SBT) is another kind of indirect tax introduced in 1992 to replace Business Tax. Certain businesses that are excluded from VAT will instead be subject to SBT.
1. Taxable Person
Any person or entity who engages in certain businesses in Thailand is subject to SBT instead of VAT. Businesses that are subject to SBT include:
Activities of certain entities are exempted from SBT such as:
3. Tax Base and Tax Rates
4. SBT Registration
Any entity or person who is subject to SBT must register to be SBT registered person or entity (Form SBT 01) within 30 days of its first day of operation at the Area Revenue Office if it is situated in Bangkok or at District Revenue Office it is situated elsewhere. Should taxpayer have several branches or offices, registration application must be submitted to Area or District Revenue Office where the headquarter is situated.
5. Tax Return and Payment
SBT taxable period is a calendar month. SBT return (Form SBT 40) must be filed on a monthly basis regardless whether or not the business has income. SBT return and payment must be submitted to the District Revenue Office within 15 days of the following month. If taxpayer has more than one place of business, each place of business must file its return and make the payment separately unless there is an approval from the Director-General.
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