Our company needs to pay deposit in amount of 30% to supplier regarding the maintenance services to machinery and tool equipment. Do we need to deduct the withholding tax when we will make the payment for this deposit?
Panwa: Yes, the company needs to deduct the withholding tax by 3%.
The payment of deposit for maintenance services to machinery and tools equipment is considered as the assessable income due to the provision of services for all amount, in accordance with the Revenue Department Order no. Por 73/2541.
The payer shall deduct the withholding tax in amount of 3% every time when make the payment.
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.
Location: https://goo.gl/maps/MhJsbjkPrji51Qyt6
Sky train: Yellow Line, Chokchai 4 Station, Gate 4. Our office is located between Soi Latphrao 50 and 52.