20

Mar 2014

Category: TAX
Written by Super User
593

A registered partnership or other juristic person paying assessable income to any person who is subject to income tax, must withhold

A registered partnership or other juristic person paying assessable income to any person who is subject to income tax, must withhold:
a. 5% from payments for lease of assets under category (5);
b. 3% from payments for professional fees under category (6);
c. 3% from payments for hire of work under category (7)-(8);
d. 2% from payments for advertising fees under category (8);
e. 3% from payments for which constitute the rebates or benefits from sales promotion except where are used for goods/services      private consumption (not for sale) by the buyer under category (8);
f. 3% from payments which constitute service fees other than fees for hire of work, fares for public        transportation, services by hotel and restaurant and life insurance premiums under category (8);
g. 1% from payments for transportation excluding public transportation;
h. 5% from payments which constitute prizes won in contests,competitions,lucky draws or other like activities under category (8); and
i. 15% from income under categories (2), (3), (4), (5) and (6) paid to a non-resident, except for dividends which are 10%. Where income under categories (5), (6), (7) or (8) in excess of Baht 10,000 is paid by Central or Local Government, the payer is required to deduct income tax at the rate of 1% at each time of payment. A taxpayer whose income tax is withheld may pay, or request a refund of, the amount of tax that has been under - or over- withheld, as the case may be. A claim for a refund must be submitted to the tax authority within three years from the last day of the year in which the excess amount was deducted.
The tax withheld is required to be remitted to the respective Amphur (district) office within seven days from the last day of the month in which the taxable income is paid

AEC Competitive Rates

Company Registration
Work Permit   
One Year Visa  
Monthly Bookkeeping 
Legal, Trademark, BOI, Other
Thai Permanent Resident  
  T.B.D
T.B.D
T.B.D
T.B.D
T.B.D
T.B.D

Twitter official

Exchange Rates