Withholding tax in 2023

Service Provided	On domestic payments	On foreign payments
Professional income	3%	15%
Capital gains	0%	15%
Royalties	3%	15%
Interest	1%	15%
Technical services	3%	15%
Rent of assets	5%	15%
Dividends	10% ⁽¹⁾	10%
Hire of work (service fees)	3% / 5%	15%
Non-life Insurance premiums	1%	N/A
Advertisement services	2%	N/A
Telephone	3%	N/A

⁽¹⁾ Dividends paid by a Thai company to another Thai company can be exempt if the recipient is listed on SET or holds at least 25% of the total shares with voting rights

Key Countries as part of Thailand double tax treaty network

Country	Dividend	Interest	Royalty
Thailand resident corporations (domestic)	0%/10% ⁽¹⁾	0%/1% ⁽²⁾	3%
Thailand resident individuals (domestic)	10%	15%	Progressive rates ⁽³⁾
Non-treaty countries and individuals	10%	15%	15%
China	10%	10%/15% ⁽⁴⁾	15%
Ireland	10%	10% /15% ⁽⁵⁾	5%/10%/15% ⁽⁶⁾
France	10%	3% / 10% / 15% ⁽⁷⁾	0%/ 5%/15% ⁽⁸⁾
Japan	10%	0% / 10% / 15% ⁽⁹⁾	15%
Singapore	10%	10%/15% ⁽¹¹⁾	5%/8%/10% ⁽¹⁰⁾
Malaysia	10%	10%/15% ⁽⁴⁾	15%
United Kingdom	10%	10%/15% ⁽⁴⁾	5%/15% ⁽¹²⁾

See also this page for a full list of countries with DTAAs in force with Thailand and prevailing withholding tax rates.

Notes to the above double tax treaties list

1	The zero rate applies to a company receiving funds and that is listed on the stock Exchange of Thailand;
2	The 1% applies to interest paid to resident corporations except banks or finance companies;
3	Refers to Thailand Personal Income Tax rates;
4	10% applies to interest paid to a bank, insurance company or financial institution;
5	10% applies to interest paid to an insurance company or financial institution;
6	The 5% rate applies to royalties paid for the use of or the right to use any copyright of literary, artistic, or scientific work, including software, and motion pictures and works on film, tape. The 10% rate for the use of or the right to use industrial, commercial, or scientific equipment or any patent.
7	The 3% rate applies to interest paid on loans or credits granted for four years or more with the participation of a financing public institution to a statutory body or to an enterprise in relation to the sale of any equipment or to the survey, the installation, or the supply of industrial, commercial, or scientific premises and of public works. The 10% rate applies to interest paid to any financial institution.
8	The 0% rate applies to royalties paid to a contracting state or state-owned company with respect to films or tapes, and the 5% rate to royalties for the use of or the right to use any copyright of literary, artistic, or scientific work.
9	The 0% rate applies to interest paid to any financial institution wholly owned by the government. The 10% rate applies to interest paid to a bank or financial institution (including an insurance company).
10	The 5% rate applies to royalties paid for the use of, or the right to use, any copyright of literary, artistic, or scientific work, including cinematograph films, or films or tapes used for radio or television broadcasting. The 8% rate applies to royalties paid for the use of, or the right to use, any patent, trademark, design or model, plan, secret formula or process, or for the use of, or the right to use, industrial, commercial, or scientific equipment.
11	The 10% rate applies to (i) interest paid to any financial institution (including an insurance company) and (ii) interest paid with respect to indebtedness arising as a consequence of a sale on credit of any equipment, merchandise, or services, except where the sale was between persons not dealing with each other at arm’s length.
12	The 5% rate applies to royalties paid for the use of, or the right to use, any copyright of literary, artistic, or scientific work.

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Withholding tax in 2023

Key Countries as part of Thailand double tax treaty network

Notes to the above double tax treaties list

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