Our Thai company has foreign expenses for which we have original invoices. I was told that you can only use these invoices for tax deduction if you oay a Withholding tax of 15% over the invoice amount to the tax office first. Does anyone kneow this is correct ?
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Accounting Rules
Started by maisbeer2, 2012-01-21 13:58
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2 replies to this topic
#2
raro
The quality poster you can trust! Posted 2012-01-22 06:57:54
This depends on the nature of the invoices. If it is for goods you purchased, then no WHT applies. Not 100% sure for which cases the 15% apply, but yes, this can be possible.
#3
InteractiveThailand
Sponsor Posted 2012-02-03 09:44:53
It is also dependent on whether Thailand has a double taxation treaty with the country in question.
For example: when a payment is made to Google you are not required to withhold tax as Thailand has a taxation treaty with Ireland. However, you must submit the VAT - which you ultimately offset or claim back. Would be my pleasure to help. Please contact me for assistance. |
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