Thailand: Reduced withholding tax for payments made via e-withholding system extended through 2022
The reduction period was due to run from 1 October 2020 to 31 December 2021 but will now be extended to run until 31 December 2022.
The reduction period was due to run from 1 October 2020 to 31 December 2021
The Revenue Department issued guidance—Departmental Instruction No. Taw.Paw. 336/2564—to extend withholding tax reductions on certain types of income for payments made via the electronic withholding (e-withholding) tax system.
The reduction period was due to run from 1 October 2020 to 31 December 2021 but will now be extended to 31 December 2022.
The reduced 2% withholding tax remains applicable for income types subject to a statutory withholding tax rate of 3%. In addition, the guidance has expanded the scope of reductions to include several income types that are normally subject to a 5% statutory withholding tax rate.
Withholding tax reductions will not be applicable to payments made to charitable organizations and associations.
Read a September 2021 report prepared by the KPMG member firm in Thailand
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