Withholding Tax Reporting (SAP Library

Withholding Tax Reporting

Use

In Thailand, you use the Generic Withholding Tax Reporting program to:

Print withholding tax certificates for your vendors
Prepare withholding tax returns for the tax offices
Prepare the special account tax deduction and remittance report

Features

Country Version Thailand comes with the appropriate Smart Forms that let you print out the certificates and returns described below. The Smart Forms meet all of the Revenue Department's requirements.

A number of standard variants are also supplied. For more information, see the documentation for the individual certificates and tax returns below.

Activities

Periodic Processing

You print withholding tax certificates for your vendors as and when they are required.

Reporting

At the end of each month, you are required to file the following tax returns with the Revenue Department:

Withholding tax returns for domestic companies:

Phaw Ngaw Daw 2 (tax withheld from individuals under sections 40 (3) and (4))
Phaw Ngaw Daw 3 (tax withheld from individuals under sections 50 (4) and 3 tredecim)
Phaw Ngaw Daw 53 (tax withheld from businesses under sections 69 bis and 3 tredecim)

Withholding tax returns for foreign companies

This is form Phaw Ngaw Daw 54 (Tax withheld from foreign persons and businesses under sections 70 and 70 bis)

The Generic Withholding Tax Reporting program automatically generates an invoice from the Revenue Department for the tax withheld (see Remitting Withholding Tax). You can then pay the invoice with the next payment run.

Each month you must also prepare the special account tax deduction and remittance report, which is for your own reference only, but may be requested by the Revenue Department.