Withholding tax on income Paid to Thai residents
(Pursuant to the Revenue Department’s Notification No. Taw Paw. 4/2528 as amended)
When making payments of income to Thai residents. companies and registered partnerships are required to withhold tax at various rates depending on the type of income and payee. For practical purposes, the withholding rates are summarised into two tables as follows.
Table 1:
Companies and registered partnerships are required to withhold tax at various rates depending on the type of income and payee. For practical purposed, the withholding rates are summarised into two tables as follows. This table summarises withholding tax rates for Income paid by companies and registered Partnerships other than commercial banks or finance,Securities and credit foncier companies (“General Companies”)
Table 2:
This table summarises withholding tax rates for Income paid by companies and registered Partnerships other than commercial banks or finance, Securities and credit foncier companies (“General Companies”)
Table 1
Withholding tax on income paid by | “General companies” | |
---|---|---|
Type of Income | Payee 1 | Rate (%) |
Commission and brokerage fees |
|
3 10 |
Income from goodwill, copyrights, patents, trademarks, know-how or similar right |
|
3 10 |
Interest on:
|
|
1 |
1 “Company/Registered partnership” also includes commercial banks, and finance, securities and credit foncier companies.
Table 1 (continued)
Withholding tax on income paid by | “General companies” | |
---|---|---|
Type of Income | Payee 1 | Rate (%) |
Interest on:
|
|
1
10 |
Dividend/Share of profit |
|
10 |
1 “Company/Registered partnership” also includes commercial banks, and finance, securities and credit foncier companies.
2 No withholding is required if the recipient holds 25% or more of the payer’s equity and threr is no crossholding between them.
Table 1 (continued)
Withholding tax on income paid by | “General companies” | |
---|---|---|
Type of Income | Payee 1 | Rate (%) |
|
|
5 5 10 |
|
|
3 |
|
|
3 |
1 “Company/Registered partnership” also includes commercial banks, and finance, securities and credit foncier companies.
2 “Rent” includes payment under finance lease agreement with effective from 1 June 2016.
Table 1 (continued)
Withholding tax on income paid by | “General companies” | |
---|---|---|
Type of Income | Payee 1 | Rate (%) |
|
|
2 2 2 |
|
|
5 |
|
|
3 |
|
|
5 |
1 “Company/Registered partnership” also includes commercial banks, and finance, securities and credit foncier companies.
2 For non-resident actors hired by a non-resident company shooting a film authorised by the Film Board of Thailand, a flat rate of rate of 10% applies.
Table 1 (continued)
Withholding tax on income paid by | “General companies” | |
---|---|---|
Type of Income | Payee 1 | Rate (%) |
|
|
1 |
|
|
1 |
|
|
3 |
|
|
0.75 |
1 “Company/Registered partnership” also includes commercial banks, and finance, securities and credit foncier companies.
Table 2
Withholding tax on income paid by | “General companies” | |
---|---|---|
Type of Income | Payee 1 | Rate (%) |
|
|
3 10 |
|
|
3 |
|
|
1 10 |
|
|
10 |
|
|
5 |
1 Unless expressly excluded, “Company/Registered partnership” also included commercial bank, and finance, securities and credit foncier companies.
2 No withholding is required if the recipient holds 25% or more of the payer’s equity and there is no crossholding between them.
3 “Rent” included payments under finance lease agreements with effective from 1 June 2016
Table 2 (continued)
Withholding tax on income paid by | “Banks and finance companies” | |
---|---|---|
Type of Income | Payee 1 | Rate (%) |
|
|
3 3 10 |
|
|
3 |
|
|
2 |
|
|
5 |
1 Unless expressly excluded, “Company/Registered partnership” also includes commercial bank, and finance, securities and credit foncier companies.
Table 2 (continued)
Withholding tax on income paid by | “Banks and finance companies” | |
---|---|---|
Type of Income | Payee 1 | Rate (%) |
|
|
3 3 |
|
|
5 |
|
|
1 |
|
|
1 |
1 Unless expressly excluded, “Company/Registered partnership” also included commercial bank, and finance, securities and credit foncier companies.
2 For non-resident actors hired by a non-resident company shooting a film authorized by the film board of Thailand, a flat rate of 10% applies.
Table 2 (continued)
Withholding tax on income paid by | “Banks and finance companies” | |
---|---|---|
Type of Income | Payee 1 | Rate (%) |
|
|
3 3 |
|
|
0.75 |
1 Unless expressly excluded, “Company/Registered partnership” also included commercial bank, and finance, securities and credit foncier companies.