Flexsharp Posted February 25, 2008 Share Posted February 25, 2008 I have one question regarding with holding taxes. What kind of with holding taxes are non resident foreign companies subjected to on the income earned in Thailand. I have been told by some one that offshore companies incorporated in the US (Delaware etc) are subject to 5% with holding tax in Thailand. Is that correct? Link to comment Share on other sites More sharing options...
Irene Posted February 25, 2008 Share Posted February 25, 2008 The rates of withholding tax vary depending on the type of income. I can think of 5% as applicable to royalty falling under the category of literary work such as use of softwares. Dividend is at 10% and interest is at 15%. For service fees, it can be exempted if the services cannot be construed as royalty and the corporation does not have a permanent establishment in Thailand per the US/Thailand Double Taxation Agreement. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now