What is the withholding tax policy in case of income payment under Section 40(2)-(6) of the Revenue Code to foreign juristic persons.
Panwa : Company or juristic partnership established under foreign law not doing business in Thailand Receives assessable income under Section 40 (2) – (6) of the Revenue Code paid from or in Thailand. The payer of income shall withhold tax and remit it to the Area Revenue Branch within 7 days from the last day of the month in which the income is paid in accordance with Section 70 of the Revenue Code by form P.N.D. 54, but the payer with the double tax treaty between Thailand and that country must also be taken into account.
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