New e-Withholding Tax system launched to boost convenience

October 27, 2020

Thailand’s new e-Withholding Tax system was introduced by the Revenue Department and 11 banks on Tuesday.

Director-general Ekniti Nitithanprapas said the launch was part of the department’s continued digital transformation aimed at boosting convenience for taxpayers. The new system is a one-stop way of managing withholding tax.

The 11 participating banks are Krungthai, Kasikornbank, the Bank for Agricultural and Agricultural Cooperatives, Bangkok Bank, Mizuho Bank (Bangkok branch), Krungsri, Siam Commercial Bank, Sumitomo Mitsui Banking Corporation, Standard Chartered (Thai), TMB and the Land and Houses Bank.

Source: The Nation