To engage in business, the one of basic aspect that proprietor needs is to know VAT (Value added tax) because under the law, every business needs to prepare the VAT reports to be submitted to the Revenue Department of Thailand every month. VAT is very important to a business. If one has to engage in business, he has to understand the law especially its details clearly and completely.
And for this reason, our group volunteered to make the VAT reports for Prima Manufacturing Co. Ltd. because we consider this company lacking the accounting skills and the knowledge about VAT.
Finally, we want to gain experience working in the real business world.