On Dec. 6, Thai Tax issued requirements re withholding tax returns.
Thai Tax announced new requirements for some specified withholding tax return forms.
Overview of Requirements
Mandates electronic filing of withholding tax returns through Revenue Department's electronic system; establishes 8 withholding tax forms for various income payments.
Categories include P.N.D.2 for withholding tax on commission and professional fees, P.N.D.3 for withholding tax on other types of income including royalties, rents, service fees, as well as P.N.D.53 for Thai GVT payments to corporations >THB 500.
Paper forms printed from electronic system allowed in cases with proper notification.
Taxpayers unable to file electronically must notify Thai Tax with written explanation.
Effectiveness
Requirements apply to income payments subject to withholding tax from Jan. 1, 2025.
