ระบบ e withholding tax

Accordingly, the taxation of ระบบ e withholding tax will affect foreign business platforms and giant tech companies like Google, Facebook and many more. This guide provides detailed information about VAT on electronic service provided to non-VAT registrants in Thailand by non-resident business person under the Revenue Code with effect from September 1,

Bangkok Bank encourages businesses to use e-Withholding Tax to upgrade to Digital Business Customers to enhance efficiency and reduce complexity. Bangkok Bank is encouraging entrepreneurs to use e-Withholding Tax to upgrade to a Digital Business which can enhance efficiency, reduce costs and reduce work for staff. Siam Pharmaceutical and Namsiang, both bank customers, shared their satisfying experience using e-Withholding Tax, revealing that it enhances efficiency and reduces processes and paperwork. The Bank plans to provide many more services that help with tax management to emphasize its focus on providing a full range of Digital Services. The Bank recently launched its e-Withholding Tax service to entrepreneurs as it can help businesses reduce cost, time and expense as well as simplify their tax management and check transactions online. When payers transfer money through the Bank electronically, the Bank will automatically deduct and submit the withholding tax and relevant information to the Revenue Department.

ระบบ e withholding tax

PromptPay bill payment and credit transfer services will be temporarily unavailable during the maintenance window. If required, please contact your Relationship Manager on alternative payment methods. With reference to Thailand and the members of the United Nations jointly signing the Agenda for Sustainable Development, a framework for social, economic and environmental development, with 17 Sustainable Development Goals SDGs has been established. Progress Report on Thailand's Sustainable Development Goals — Thailand's SDGs Report - prepared by the Office of the National Economic and Social Development Council NESDB presents the information on the progress and challenges of emerging sustainable development in Thailand in the past 5 years, which will be the driving force for the country to achieve the SDGs goals particularly in the banking sector as an allocator of financial resources in the economy. By subscribing to this service, HSBC Thailand will deduct the withholding tax amount that you specify for any enrolled electronic transfer and make the tax payment to the Revenue Department directly on your behalf. You will no longer be required to keep and provide withholding tax certificate in any form for your payee, as HSBC will notify your payee by email of the withheld tax amount. Both payer and payee can review the withheld tax amount on the Revenue Department website. To subscribe for this service, please contact your customer service representative. Click here for more details PDF, 1. Given the recent tighten restrictions announced by the Government of Thailand due to the current Covid situation, we would like to provide the latest update on our service availabilities and cut-off times for each of our banking services, which will be effective on Thursday 29th July, until further notice. PDF, KB. As a result of this merger, beginning 5 July , all payments made to account holders of Thanachart Bank must be changed to a new account number assigned to the account holder by TMBThanachart Bank. No changes are necessary for payments to existing account holders of TMB Bank due to this merger, however, the bank name should be changed to reflect the new bank name. Effective 1 June , in accordance with updated local regulations, all Priority Payments sent to or from Canada must include additional beneficiary address information. Failure to provide the full beneficiary address information, the payments may be delayed or rejected by intermediary or beneficiary banks.

Remark : Please note that foreign entities are excluded from this change.

Save time and costs in preparing, sending and storing withholding tax certificates. I acknowledge the purposes and details on collection, use and disclosure of personal data of the Bank as well as the rights of the data subject as stated in the Privacy Notice and the Letter Requesting Consent Relating to the Collection, Use and Disclosure of Personal Data prior to agreeing to be bound below and I hereby certify to the Bank that 1 I have notified details of the Privacy Notice of the Bank to the person whose personal data has been previously provided by me to the Bank and such person has acknowledged the details as stated in the Privacy Notice of the Bank and 2 I have lawful rights to disclose any information of other person whose personal data has been provided by me to the Bank. You can find the details about cookies use on Cookies Policy. Cookies setting. Accept all cookies. The Bank uses Strictly Necessary Cookies in order that you can access information and use the Bank's website safely, and uses Functional Cookies to facilitate you when you revisit the website.

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously. The cookie is used to store the user consent for the cookies in the category "Analytics". The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is used to store the user consent for the cookies in the category "Performance". It does not store any personal data. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.

ระบบ e withholding tax

Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously. The cookie is used to store the user consent for the cookies in the category "Analytics".

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Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. The payers do not have to file a form or submit the withholding tax by themselves. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. We recommend reviewing your payment instructions and, if necessary, updating them before 1 June. This page guide covers the following topics:. As part of the preparation, all Thai entities who have applied for income tax refunds are requested to register for PromptPay through any bank providing the service. How will the payer and the payee know that the bank has made a deduction and remitted the tax payment and withholding tax information to the Revenue Department? In Thailand, they are subject to value added tax VAT. Tax payments and costs related to document management, time and staff are something all entrepreneurs must deal with. Doing digital businesses through limitless communication platforms creates a new economic structure and new consumer behaviors.

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HSBC Thailand is ready for this change. Bangkok Bank encourages businesses to use e-Withholding Tax to upgrade to Digital Business Customers to enhance efficiency and reduce complexity. Necessary Necessary. Save time and costs in preparing, sending and storing withholding tax certificates. The Benefits of e-Withholding Tax for the Payer An easier process as you can submit withholding tax and supporting information when you make transactions. Using e-payment is one of the new consumer behaviors in the digital businesses. Please note that if you have already completed PromptPay registration, new registration is not required due to this change; you are ready to receive corporate income tax refund through this new channel. You will no longer be required to keep and provide withholding tax certificate in any form for your payee, as HSBC will notify your payee by email of the withheld tax amount. The beneficiary will receive more due to withholding tax privileges from the Revenue Department if payers use the e-Withholding Tax service. The cookies is used to store the user consent for the cookies in the category "Necessary". Functional Functional. Accordingly, the taxation of e-Service will affect foreign business platforms and giant tech companies like Google, Facebook and many more.

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