withholdingtaxthailand

Covid-19: Reduced Withholding Tax & Social Security contributions

Among the series of measures announced by the Government to help companies affected by the economic consequences of the coronavirus, reduced Withholding Tax rates and Social Security contributions were implemented. From April 1, 2020 to September 30, 2020, the Withholding Tax (WHT) rate upon payment for professional services is down to 1.5% from 3%. Note

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How does Withholding Tax work in Thailand?

The Withholding Tax (WHT) is a deduction made on payments to suppliers for the provision of services. The WHT applies to expenses greater than THB 1,000 and to expenses for which a long-term agreement is in place although the expense may be lower than THB 1,000 (ex: telephone or internet bills). For more info on

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