I've always been told that the exemption of the 15% withholding tax, is limited to the first 20.000 baht of received interest, cumulated over all accounts held with all banks.
Though I guess there must be a flaw in the system. Surprise??
I have a personal tax ID, but only Krungsri bank seems to be able to play by the book, and does not deduct the tax on the first 20.000 baht of interest.
So for 2021 I reached that limit in November, and so Krungsri did not deduct tax for the first 10 months, but did deduct once the limit was reached.
In the meantime I had moved some money to an SCB account, which not seem to be able to apply that automatic exemption, and have all kind of excuses for it.
So by the end of the year 2021, SCB had charged me a total of 2100 baht withholding tax, for which they provided the documents needed for the revenue office.
The revenue office just sent me the cheque for the 2100 baht withholding tax deducted by SCB.
To me, it seems that the revenue office is either not aware of the withholding tax, which was not deducted by Krungsri, or the 20.000 baht of interest applies per bank.
Any comments?