Overview

In Thailand, tax must be withheld when making payments to suppliers for services provided. A withholding certificate is issued to the supplier for each tax registration number (for each finance company).

The WHT is applicable for individuals as well as companies. In Thailand, individuals are issued a tax ID of 13 digits, whereas a company’s tax ID comprises of 10 digits.

Withholding tax (WHT) is applicable for purchase invoices. However, purchase invoices are not applicable for individuals and in which case a WHT-containing payment without an invoice is generated. Such a payment can be linked to a cheque or a bank transfer. The WHT reporting requirements of these invoice-independent payments, are the same the invoice-related WHT.