Are there many withholding taxes on local remittance?

Yes, in Thailand they are many categories of payments subjected to withholding taxes (more than a hundred last time I checked). Many foreign investors during the first few months of their presence in Thailand forget to withhold taxes on their payments. This is a costly mistake because the payer is responsible towards the Revenue Department for the payment of the withholding tax. If you forget to collect the withholding tax when you make a payment to a supplier you might have problems to claim it back from the supplier. There are 20 main categories of income subject to withholding taxes not included the sub-categories. Rates of withholding tax are between 0.75% and 10% for the withholding tax on dividends. Among other, there is 3% withholding tax on services invoices, 5% on rental invoice (if the payee is a juristic person) and 10% if the payee is a taxable foundation. For example, your company hired a service provider in Thailand and need to pay a service fee of 100,000 THB to said ...  more