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How to calculate Withholding Tax?
Withholding Tax does not apply to amounts less than THB 1000. However, you are required to deduct this Thai tax whatever the amount if you are linked by a long-term agreement to the service provider. Withholding tax therefore applies when you pay phone or internet bills of your company.
Payment must be done on the 7th following the month during which the payment has been done.
Fines and penalties for last submission:
✓ Fines: 1.5 % of the payable amount per month
✓ Penalties: 100 THB before seven days / 200 THB after seven days.
|Type of income||Withholding Tax Rate (1)|
|Royalties in Thailand||3%|
|Royalties out of Thailand||15%
|Office or Equipment rental||5%|