Withholding Tax Returns for Foreign Companies 
Withholding Tax Returns for Foreign Companies
Use
The Revenue Department requires you to notify it of all tax that you withhold on payments to foreign companies. Each time you make a payment to a foreign company, you have to fill out form Phaw Ngaw Daw 54 and submit it to the Revenue Department within seven days of the payment.
You can use Country Version Thailand to print out these returns.
Activities
To prepare the withholding tax return, execute the
Generic Withholding Tax Reporting program using the standard variant SAP&TH_CERTFOR. This standard variant prints out the tax returns on the
Smart Form supplied with Country Version Thailand, IDWTCERT_TH_FRN.
When you run the program in update mode, the program displays a dialog box, where you can enter the details of the tax that you want to remit to the Revenue Department (see
Remitting Withholding Tax). If you do not want to remit the tax at this moment, choose
.
The system automatically prints the returns in the approved format. Your own company's details appear in the header. Below that, it prints out the details of the company or person that you have withheld tax on.
In the bottom half of the form is a box where the system prints out the withholding tax base amount, the tax amount, and the payment date.