New e-Withholding Tax system launched to boost convenience

By The Nation

 

Director-general Ekniti Nitithanprapas

 

Thailand’s new e-Withholding Tax system was introduced by the Revenue Department and 11 banks on Tuesday.

 

Director-general Ekniti Nitithanprapas said the launch was part of the department's continued digital transformation aimed at boosting convenience for taxpayers. The new system is a one-stop way of managing withholding tax.

 

The 11 participating banks are Krungthai, Kasikornbank, the Bank for Agricultural and Agricultural Cooperatives, Bangkok Bank, Mizuho Bank (Bangkok branch), Krungsri, Siam Commercial Bank, Sumitomo Mitsui Banking Corporation, Standard Chartered (Thai), TMB and the Land and Houses Bank.

 

Source: https://www.nationthailand.com/business/30396871

 

-- © Copyright The Nation Thailand 2020-10-27

 

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Ok, and where is the explanation how the system(?) works?

14 hours ago, canopus1969 said:

Ok, and where is the explanation how the system(?) works?

This is a news article about a new system. I wouldn't expect detailed instructions in a news article. You could probably ask your bank or the revenue department for specific details

It took some effort to give my tax ID to all banks. Hopefully I don't have to do anything again... 

On 10/27/2020 at 4:25 PM, canopus1969 said:

Ok, and where is the explanation how the system(?) works?

No explanation needed, They Take some off your money and  you can kiss it goodbye.