The company gives the new year gift to staff and how about the tax?

Panwa : The company gives annual New Year gifts to staff and sets them as staff welfare regulations. Whether it is given to everyone or only to certain people, it is considered as assessable income of the employees under Section 40 (1). The employer is obliged to withhold income tax at source under Section 50 (1).

Anyways, if you need further assistance for monthly tax filing, half year tax filing and preparing yearly tax, kindly note that we could assist for such click here.

For more information, please feel free to contact us:
Phone: +66 2 933 9000
Fax: +66 2 933 6120
Email: bkk@panwa.co.th

For more information, please feel free to contact us:

Office: +66 2 933 9000
Whats'App: +66 8 5713 1000
Email: bkk@panwa.co.th

Location: https://goo.gl/maps/MhJsbjkPrji51Qyt6
Sky train: Yellow Line, Chokchai 4 Station, Gate 4. Our office is located between Soi Latphrao 50 and 52.

If a Thai company gives gifts to its employee, is that gift applicable to any tax(es)?

The company gives the new year gift to staff and how about the tax?

For more information, please feel free to contact us:

Office: +66 2 933 9000
Whats'App: +66 8 5713 1000
Email: bkk@panwa.co.th

Location: https://goo.gl/maps/MhJsbjkPrji51Qyt6
Sky train: Yellow Line, Chokchai 4 Station, Gate 4. Our office is located between Soi Latphrao 50 and 52.

Address: 1560 Latphrao Road, Wangthonglang, Bangkok 10310, Thailand.