Royalties paid to another Thai company are subject to a 3% advance withholding tax, which may be credited against the final corporate income tax due for the accounting period. Royalties paid to a nonresident are subject to a 15% final withholding tax, unless the rate is reduced under a tax treaty.

12 Jul 2019 Individuals who invest in debt securities or make deposits in banks are subject to a 15% withholding tax rate on interest, profits or discount, while  DTA with Thailand may be subjected to a lower tax rate. Withholding tax is exempted for interest arising from bonds issued by government or specific financial  For the latest tax developments relating to Thailand, see subject to a 10% withholding tax, or are exempt if certain applies if the interest is paid by the government or a Thai financial financial institution for interest on debentures or bonds,. subject to Special Business Tax at 3.3% and a land transfer government fee of 2 %. Only dividend withholding tax is allowed as tax credit at the rate not exceed Bad debt can be claimed as a deductible if the Company has complied with  Dividends paid to non-residents will be subject to withholding tax at 10 percent. Special Business Tax at 3.3 percent and a land transfer government fee of Sale of securities in stock market (although these are currently exempt from SBT).

Detailed description of income determination for individual income tax purposes excluding securities in the form of treasury bills, bonds, bills, or debentures. a company incorporated in Thailand are subject to withholding tax (WHT) at a flat 

Interest income in Thailand is generally subject to a withholding tax of 15% and must be reported on your tax return. However interest of less than THB20,000 from an on-demand savings account is not taxable, and interest income from a fixed deposit account with a passbook, and with a term of five years or more is subject to a withholding tax of 10%. Towards the end of each month, your Thai accountant will prepare Employee Withholding Tax Return (Form PND 1, for taxes withheld from employees), Withholding Tax Return – Companies (Form PND 53, for taxes withheld from vendors who are juristic persons), Withholding Tax Return – Individual (Form PND 3, for taxes withheld from vendors who are not juristic persons). The cabinet on Tuesday approved a 15% withholding tax on gains from investment in income funds, a move estimated to generate up to 2.5 billion baht a year for state coffers. The tax is aimed at ensuring fairness among investors, as those who directly buy bonds are now liable for the 15% withholding tax, 10%. Only the Double Tax Agreement with Taiwan varies the local tax law rate of 10% withholding tax for international payments of dividend income. For recipients in Taiwan holding at least 25% of the shares in the Thailand company that pays the dividends, the recipients in Taiwan are entitled to a 5% rate of withholding tax.

Individual Investor. 10% withholding tax on any dividend income from listed or limited companies. 10% withholding tax on any mutual fund dividend income; or include such income in year-end taxes. Dividends from any company promoted by the Board of Investment are tax exempt.

Fees for technical services, which fall under Article 13, are also subject to tax at the rate of 10%. Fees for technical services mean payments for managerial, technical, or consultancy services. In the case of Thailand, where the consideration paid for managerial, technical, or consultancy services falls under Articles 12 (royalties) and 13, the provisions of Article 13 shall apply. Withholding Tax in Thailand Withholding tax (“WHT”) is a deduction from payments made to suppliers who provide a service. Whether WHT is applicable and what rate to deduct depends on the nature of the service provided. Income from royalties: The withholding tax rate is progres- sive, depending on the amount of royalty paid (0-35%) or 15% if the recipient of income is a foreigner who does not stay in Thai- land over 180 days. At the end of the year, each taxpayer has to submit a tax computation to the Rev- enue Department. For mutual funds, coupon interest received from bond investments since 20 August 2019 onward is subject to withholding tax of 15%. For non-resident investors, withholding tax is exempted for interest received from government and government agency bonds. • Withholding tax 15% 15% 15% 15% Note: If the recipient is in a country having a double taxation agreement (DTA) with Thailand, reference should be made to the DTA as to reduced tax rates and possible tax exemptions. • Profit remittance tax (applicable to a branch’s profit remittance) Rate 10% • List of countries having a DTA with Thailand Taxation and Investment 201 7 (Updated January 2017) 8. A 15% final withholding tax is imposed on interest earned on nonresident accounts. Commercial banks may process repayments of foreign loans without limit, but evidence of inward remittances of loans over USD 50,000 or its equivalent must be provided.

Securities and Exchange Commission of Thailand to study current In OTC markets, government bonds are usually settled on a delivery Philippines; capital gain is imposed in a few jurisdictions; and withholding tax on coupon interests is.

Translation from Thai Tax Law - revenue code - personal income tax law in tax, tax liability, tax calculation, VAT (Value Added Tax), stamp duty, withholding tax, tax Its implementing government body is the Thailand Revenue Department. (a) Interest on a bond, interest on a deposit with a bank in Thailand, interest on a   (d) The term “tax” means German tax or Thai tax, as the context requires 5 The term “interest” as used in this Article means income from Government securities,. 30 Dec 2014 Countries in Asia divide withholding tax into dividends, interest and royalties Pakistan Finally Settles Soviet-Era Russian Trade Debt Of US$93.5 Million back from an employee's salary and subsequently paid directly to the government. India, Indonesia, Malaysia, Singapore, Thailand and Vietnam. 18 Mar 2019 A structured guide to debt capital markets in Thailand. the formulation of a policy framework and the structuring of government bond issuance. The issuer must deduct withholding tax on interest payments under the  Interest from bonds issued by the government, state agencies, or financial institutions specified by legislation to promote agriculture, commerce, and industry. 15% withholding tax, with the option of not including such income in year-end taxes; except * 1. Capital gains from zero-coupon bonds which are taxed at first holder; 2. Capital gains from bonds issued by the government, state agencies, or financial institutions specified by legislation to promote agriculture, commerce, and industry domestic tax rate (Thailand = 15%) 17. Sweden: any financial institution: 10 : incl. insurance company : any other company: 25: Note: for interest arising in Thailand, apply 15% tax rate in accordance with : the Revenue Code : government or central: exempt : bank : Note: for other persons, apply : doemstic tax rate (Thailand = 15%) 18. Hungary Individual Investor. 10% withholding tax on any dividend income from listed or limited companies. 10% withholding tax on any mutual fund dividend income; or include such income in year-end taxes. Dividends from any company promoted by the Board of Investment are tax exempt.

Fees for technical services, which fall under Article 13, are also subject to tax at the rate of 10%. Fees for technical services mean payments for managerial, technical, or consultancy services. In the case of Thailand, where the consideration paid for managerial, technical, or consultancy services falls under Articles 12 (royalties) and 13, the provisions of Article 13 shall apply.

Translation from Thai Tax Law - revenue code - personal income tax law in tax, tax liability, tax calculation, VAT (Value Added Tax), stamp duty, withholding tax, tax Its implementing government body is the Thailand Revenue Department. (a) Interest on a bond, interest on a deposit with a bank in Thailand, interest on a   (d) The term “tax” means German tax or Thai tax, as the context requires 5 The term “interest” as used in this Article means income from Government securities,. 30 Dec 2014 Countries in Asia divide withholding tax into dividends, interest and royalties Pakistan Finally Settles Soviet-Era Russian Trade Debt Of US$93.5 Million back from an employee's salary and subsequently paid directly to the government. India, Indonesia, Malaysia, Singapore, Thailand and Vietnam. 18 Mar 2019 A structured guide to debt capital markets in Thailand. the formulation of a policy framework and the structuring of government bond issuance. The issuer must deduct withholding tax on interest payments under the 

The tax rate is determined by type of income and type of investors. Generally, for resident investors, withholding tax is applied upon payment at rates of 15% on natural persons and 1% on juristic persons. For mutual funds, coupon interest received from bond investments since 20 August 2019 onward is subject to withholding tax of 15%. Interest income in Thailand is generally subject to a withholding tax of 15% and must be reported on your tax return. However interest of less than THB20,000 from an on-demand savings account is not taxable, and interest income from a fixed deposit account with a passbook, and with a term of five years or more is subject to a withholding tax of 10%.