Our company will pay the money for renting to the lessor who registered as Condominium juristic person under the condominium act in Thailand. Do we need to deduct the withholding tax for the rental? Please advise.
Panwa: The condominium juristic person shall not be the juristic company or partnership under the section 33 in accordance with the Revenue Department. Thus, it shall not have any obligation to pay the corporate income tax in accordance with the Revenue Department Code under section 65 and 66. The company does not need to deduct withholding tax when the company will make the payment to them.