Question:

Is there any tax involve when a foreign company overseas got paid by a Thai-based company?

Answer:

Yes. A foreign company that does not carry on business in Thailand but received income from Thailand will be subject to withholding tax on certain categories of income derived from Thailand. The withholding tax rates may be further reduced or exempted depending on types of income under the provision of Double Taxation Treaty.

Contact MSNA for your accounting and tax questions.