Clifford S Posted April 27, 2019 Share Posted April 27, 2019 Hi, My thai Company sold land on 2017, The Agent received the deposit from the buyer, deducted their commision plus VAT and sent me the balance. Now 2 years later my accountants now say I have to pay Withholding tax on the agents Commision. Is this the normal procedure ? ie So I now have to pay 3% on their 5%.... (not a fortune but about 20k thh on total) However IF the butyer had paid me direct, I believe I would have paid the Agent their Commision less Withholding tax ... Anyone got any idea on the matter cos I seem to be going round in circles with the Agent and my Accountants currently. Cheers Cliffy Link to comment Share on other sites More sharing options...
blackcab Posted April 27, 2019 Share Posted April 27, 2019 Your company is completely responsible. The original invoice from the agent should have shown 7 per cent VAT and then less a 3 percent deduction for WHT. Your company should then have issued a WHT form to the agent and paid the witheld money to the revenue office. Your company did not do that, so effectively the agent took 3 per cent of your money. It is the responsibility of the company to withhold tax, however, so it's time to quietly pay up. You may also have to pay a late fee of 200 baht and penalty interest of 1.5 per cent a month. Link to comment Share on other sites More sharing options...
Clifford S Posted April 27, 2019 Author Share Posted April 27, 2019 Yeh thats my thoughts as well Mr BlackCab, cheers ! Nice little earner 1.5% per month.... Link to comment Share on other sites More sharing options...
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