Also called WHT
Withholding tax is an amount a payer deducts from a supplier payment and remits to the tax authority. In Thailand common rates are 5% on rent, 3% on services and professional fees, 2% on advertising and 1% on transport.
The rate is generally driven by the type of payment; the filing form is driven by who was paid. In Thailand, PND 3 covers payments to individuals and other non-juristic persons, PND 53 covers companies and juristic entities.
When you withhold, you issue a withholding tax certificate to the supplier so they can claim the credit against their own liability.
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