Web11 Aug 2024 · Total payment amount = Purchase order amount × Perpetual gross-up rate percentage = 4,000 × 117.65% = THB 4,706. The withholding tax at 15 percent is deducted from the total payment amount of THB 4,706. In other words, (4,706 – [4,706 × 0.15]) = THB 4,000. In this manner, the vendor receives the original payment amount after withholding ... Web23 Nov 2024 · The corporate income tax rate in Thailand is 20 % on net profit (accounting periods 2015) . However, the rates vary depending on types of taxpayers Notes: 1. A small company refers to any company with paid-up capital less than 5 million baht at the end of each accounting period. 6. Withholding Tax
Thailand tax implication when buying software - MSNA Group
Web31 Mar 2024 · The withholding tax system is designed to ensure that the Thai government collects taxes on income earned by non-residents in Thailand and earned by Thai residents that may not be subject to personal income tax. In Thailand, several types of income are subject to withholding tax, including employment income, rental income, dividends, … WebWithholding Tax in Thailand. How to calculate Withholding Tax? ... Software: 3%: Royalties in Thailand: 3%: Royalties out of Thailand: 15%: Office or Equipment rental: 5%: … palliative referral
How to tax recurring subscription sales of software and SaaS
Web1 Jan 2024 · Under Thailand's domestic payments withholding tax system, a corporate entity payer is required to deduct withholding tax for payments to payees in Thailand, and then remit the withholding tax to the Thailand Revenue Department within seven days after the end of the month of payment. Web11 Mar 2024 · The withholding tax will be reduced from 3% to 2% from 1 October 2024 to 31 December 2024 if the payment is made through the e-withholding tax system. The … palliative rehab