ABOUTe-Withholding Tax System
Our e-Withholding Tax solution is a testament to Thailand’s commitment to digital transformation and the National e-Payment policy. Developed in collaboration with the Revenue Department (RD), it caters to the needs of all parties involved in the withholding tax process, revolutionizing tax procedures for both withholding agents (payers) and taxpayers (recipients).
This innovative service leverages information technology to integrate seamlessly with various financial technologies, enhancing convenience, reducing steps, and ensuring compliance with international security standards. It simplifies the withholding tax process, streamlining it from a complex multi-step procedure to a shorter, more efficient workflow for taxpayers.
Our Solution
Our solution for banks facilitates the seamless remittance of withholding tax (e-Withholding Tax) to the RD directly through the bank’s platform. This eliminates the need for taxpayers to issue Form 50 Tor to recipients, streamlining the entire process.
Key features of our solution include:
Streamlined Data Validation
Receive and validate withholding tax payment data accurately and comprehensively, ensuring the accuracy and completeness of imported data.
Efficient Data Reconciliation
Perform data reconciliation and generate reconciliation reports swiftly, facilitating smooth tax operations.
Custom Data File Generation
Generate data files in formats specified by the Revenue Department, including Payment Type (Domestic and Cross-border) and Bank Statement formats.
Seamless Data Transmission
Efficiently transmit data in formats specified by the Revenue Department, ensuring compliance and seamless integration.
Automated Notifications
Notify payers and recipients of withholding tax results in a format specified by the bank, enhancing transparency and communication.
