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Accounting Rules


maisbeer2

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Our Thai company has foreign expenses for which we have original invoices. I was told that you can only use these invoices for tax deduction if you oay a Withholding tax of 15% over the invoice amount to the tax office first. Does anyone kneow this is correct ?

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  • 2 weeks later...

It is also dependent on whether Thailand has a double taxation treaty with the country in question.

For example: when a payment is made to Google you are not required to withhold tax as Thailand has a taxation treaty with Ireland. However, you must submit the VAT - which you ultimately offset or claim back.

Would be my pleasure to help. Please contact me for assistance.

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