Alotoftravel Posted October 27, 2022 Author Share Posted October 27, 2022 Hi, thanks for everyone who replied on this thread. I was able to obtain my Thai id at the address ( thanks gamblooer) with required documents (thanks Nigelforbes ) mentioned above . I appreciate all your help in this chiang mai forum . now that I added my Thai id, will see in next interest payment if they still withhold tax. question: once that account passes the 20,000 baht interest , will I expect the bank to start the 15% withhold ? Link to comment Share on other sites More sharing options...
CMBob Posted October 27, 2022 Share Posted October 27, 2022 7 minutes ago, Alotoftravel said: ....question: once that account passes the 20,000 baht interest , will I expect the bank to start the 15% withhold ? Heck if I know but would guess they'll either withhold starting at that figure or, presuming you were about to earn 21k baht in interest, they'd withhold 15% on the whole amount. In a sense, doesn't matter (other than the hassle) as with your new tax ID you can go to the applicable Treasury building January-March and they'll file a tax return for you and you'll get whatever amount of tax withheld (provided you qualify..... which basically means that otherwise you don't have income tax due in Thailand). Link to comment Share on other sites More sharing options...
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