For payment of dividends to foreign shareholders residing outside of Thailand, how much is the withholding tax rate applicable for such?

by panwa group | Oct 29, 2021 | 5.QA

The company pay dividends to shareholders (Individuals) residing in Taiwan; are these dividends subjected to withholding tax. How much is the withholding tax that the company need to pay dividends to its shareholders who are natural persons in Taiwan? Panwa : Taiwan...

In case company purchases Covid-19 Antigen Test Kit (ATK), can it be considered and deducted as tax expense?

by panwa group | Oct 29, 2021 | 5.QA

Our company plans to buy the Antigen Test Kid (ATK) for staff, so, the cost of Antigen Test Kit (ATK) can be deducted as tax expense? Panwa : Normally the cost of Antigen Test Kid (ATK), can be deducted as tax expenses, but, if your company purchased between September...

In case of contract work which the company did not yet issue the invoice and tax invoice and also not yet receive the payment, when do we need to issue the tax invoice?

by panwa group | Oct 29, 2021 | 5.QA

We are a printing house and would like to discuss for tax point; we proposed the fee for printed form to our client at 20,000 set each;  Baht 2 (exclude VAT) after they agreed on proposal, our production print the form and delivered them, together with issue the...

How to deduct the withholding tax when they pay the interest to director (in overseas) for borrow a loan from director?

by panwa group | Oct 27, 2021 | 5.QA

The company has a loan from a foreign director who does not reside in Thailand. When the company pays interest, how to deduct the withholding tax and submit it? Panwa :  Must withhold tax at the rate of 15 % under Section 50(2)(a) of the Revenue Code and submit with...

The client’s location is in the Export processing zone (EPZ) and they obtain import duty exemption, could the company collect for the VAT at 7 or 0%?

by panwa group | Oct 27, 2021 | 5.QA

The Company have business of clothes production which we have the related companies in many countries overseas. We are the VAT registrant and one of our client have ordered the clothes model that we did not produce, which we have ordered such model from our related...

For service provided to an overseas company for management and coordination, is it subjected to VAT what rate?

by panwa group | Oct 27, 2021 | 5.QA

The Company is the VAT registrant in Thailand, we would like to know that if we have the income from management and coordination to an overseas Company which charge the fee by time to time such as supply accommodation and vehicle, contact hospital and responsible to...