close
Share with your friends

Thailand: Withholding tax rate reduction, tax relief (COVID-19)

Thailand: Withholding tax rate reduction, tax relief

The Ministry of Finance on 27 March 2020 provided guidelines concerning withholding tax relief in response to the coronavirus (COVID-19) pandemic.

1000

Related content

The relief measures provide:

  • The rate of withholding tax on payments of certain taxable income made from 1 April 2020 to 30 September 2020 will be reduced from 3% to 1.5%.
  • The rate of withholding tax on payments of certain taxable income made from 1 October 2020 to 31 December 2021 will be reduced from 3% to 2% if the payment is made via the “e-Withholding Tax system.”

The reduced rates will not apply with regard to payments made to charitable foundations and associations.

Read a March 2020 report prepared by the KPMG member firm in Thailand

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal