MPG Article: Reduction for e-Withholding Tax Rates

MPG would like to share with you our latest article entitled Reduction for e-Withholding Tax Rates. Thailand Tax Ministerial Regulation No. 373 was gazetted on 11 June 2021, to grant and extend a reduction of the withholding tax rate for domestic payments from 1 October 2020 – 31 December 2022. The tax reductions are contingent on the entity or individual using the e-Withholding tax system. If the e-Withholding tax system is not used, the usual rate of withholding tax will be applied.

Under the domestic withholding tax system in Thailand, corporate entities are required to deduct withholding tax for payments to payees in Thailand. Within seven days of deduction, corporate entities must forward the withholding tax to the Thailand Revenue Department.

The link to access the article is as shown below-

https://mahanakornpartners.com/reduction-for-e-withholding-tax-rates/