Accounting Rules

[maisbeer2]

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 ?

[raro]

This depends on the nature of the invoices. If it is for goods you purchased, then no WHT applies. Not 100% sure for which cases the 15% apply, but yes, this can be possible.

[InteractiveThailand]

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.