Registration requirements and fees
Are there any registration requirements, or any fees/taxes payable?
Yes, according to the TGA, a License is required to run prize promotions in the course of business.
Fees / Taxes Payable
The License fees vary, depending on the duration of each event as shown in the table below.
|License Validity||Fee (฿)|
|1 day||300 (approx. US$9.50)|
|Not exceeding 7 days||600 (approx. US$19)|
|Not exceeding 1 month||1,500 (approx. US$47.50)|
|Not exceeding 6 months||6,000 (approx. US$190)|
|Not exceeding 1 year||9,000 (approx. US$285)|
If the prize is valued more than ฿1,000 (approx. US$32), it is subject to 5% withholding tax, which will be deducted by the arranger. It is worth noting that cash cannot be awarded instead of the complimentary gifts or prizes specified in the License.