If the person has sale the shares of non-listed company and get profit Baht 50 per share, which the company (buyer) have withhold tax at 15% of such profit, is such tax rate correct?

Panwa: No, it isn’t, the correct is the progressive rate.

Moreover, the person should include this profit to file personal income tax or this person has right to choose to pay tax follows the withheld tax?

Panwa: This person has responsibility to include this profit to file personal income tax but could not choose to pay follow the withheld tax.

For more information, please feel free to contact us:
Phone: +66 2 933 9000
Fax: +66 2 933 6120
Email: bkk@panwa.co.th

For more information, please feel free to contact us:

Phones: +66 2 933 9000
Email: bkk@panwa.co.th
WhatsApp: +66 85 713 1000
LineApp ID: @panwa

Address: 1560 Latphrao Rd., Wangthonglang, Bangkok 10310, Thailand.

Sky train: Yellow Line, Chokchai 4 Station, Gate 4. Our office is located between Soi Latphrao 50 and 52.

Personal Income Tax for selling share of non-listed company in Thailand