{"id":132,"date":"2023-08-29T10:59:00","date_gmt":"2023-08-29T10:59:00","guid":{"rendered":"https:\/\/auditorchannels.com\/?p=132"},"modified":"2023-08-30T03:05:38","modified_gmt":"2023-08-30T03:05:38","slug":"withholding-tax-on-income-paid-to-overseas-companies","status":"publish","type":"post","link":"https:\/\/auditorchannels.com\/?p=132","title":{"rendered":"Withholding tax on income Paid to overseas companies"},"content":{"rendered":"\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">&nbsp;<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\"><strong>Rate<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Profit remittance tax (Applicable to a branch\u2019s profit remittance)<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">10%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Withholding tax<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">10%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Dividend<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">15%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Profit on sale of shares<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">15%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Interest<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">15%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Royalties<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">15%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Service fees<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">15%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Professional service fees<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">15%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Rent<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\"><strong>&nbsp;<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"4\">NB: If the income recipient is in a country having a double taxation agreement (DTA) with Thailand, reference must be made to the DTA as to the respective reduced tax rate and possible tax exemption.<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"4\"><strong>List of countries having a DTA with Thailand<\/strong><strong><\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Armenia<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Hungary<\/td><td class=\"has-text-align-center\" data-align=\"center\">Poland<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Australia<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">India<\/td><td class=\"has-text-align-center\" data-align=\"center\">Romania<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Austria<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Indonesia<\/td><td class=\"has-text-align-center\" data-align=\"center\">Russian Federation<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Bahrain<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Ireland<\/td><td class=\"has-text-align-center\" data-align=\"center\">Seychelles<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Bangladesh<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Israel<\/td><td class=\"has-text-align-center\" data-align=\"center\">Singapore<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Belarus<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Italy<\/td><td class=\"has-text-align-center\" data-align=\"center\">Slovenia<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Belgium<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Japan<\/td><td class=\"has-text-align-center\" data-align=\"center\">South Africa<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Bulgaria<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Kuwait<\/td><td class=\"has-text-align-center\" data-align=\"center\">South Korea<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Canada<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Laos<\/td><td class=\"has-text-align-center\" data-align=\"center\">Spain<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Chile<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Luxembourg<\/td><td class=\"has-text-align-center\" data-align=\"center\">Sri Lanka<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">China<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Malaysia<\/td><td class=\"has-text-align-center\" data-align=\"center\">Sweden<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Chinese<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Chinese Taipei<\/td><td class=\"has-text-align-center\" data-align=\"center\">Switzerland<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Cyprus<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Myanmar<\/td><td class=\"has-text-align-center\" data-align=\"center\">Tajikistan<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Czech Republic<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Nepal<\/td><td class=\"has-text-align-center\" data-align=\"center\">Turkey<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Denmark<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Netherlands<\/td><td class=\"has-text-align-center\" data-align=\"center\">Ukraine<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Estonia<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">New Zealand<\/td><td class=\"has-text-align-center\" data-align=\"center\">United Arab Emirates<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Finland<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Norway<\/td><td class=\"has-text-align-center\" data-align=\"center\">United Kingdom<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">France<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Oman<\/td><td class=\"has-text-align-center\" data-align=\"center\">United States<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Germany<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Pakistan<\/td><td class=\"has-text-align-center\" data-align=\"center\">Uzbekistan<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Hong Kong<\/td><td class=\"has-text-align-center\" data-align=\"center\" colspan=\"2\">Philippines<\/td><td class=\"has-text-align-center\" data-align=\"center\">Vietnam<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Rate Profit remittance tax (Applicable to a bran [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-no-separators","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-132","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/auditorchannels.com\/index.php?rest_route=\/wp\/v2\/posts\/132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/auditorchannels.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/auditorchannels.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/auditorchannels.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/auditorchannels.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=132"}],"version-history":[{"count":4,"href":"https:\/\/auditorchannels.com\/index.php?rest_route=\/wp\/v2\/posts\/132\/revisions"}],"predecessor-version":[{"id":155,"href":"https:\/\/auditorchannels.com\/index.php?rest_route=\/wp\/v2\/posts\/132\/revisions\/155"}],"wp:attachment":[{"href":"https:\/\/auditorchannels.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/auditorchannels.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/auditorchannels.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}