Accounting – FAQ October 2011
What date should be shown on the withholding tax certificate?
Keywords: Thailand, Withholding Tax Certificate, Revenue Code
A cheque is prepared in advance of the actual payment date and the supplier receives the cheque on a later date. For example, the cheque date is 15 January but is not issued until 25 January. The supplier would not receive its money until 1 February. In such a case the supplier may argue that the withholding tax (‘WHT’) certificate should be dated in February, in line with when the payment was actually received.
However, as per the Thai Revenue Code, the date on the WHT certificate must be the same as the date on the cheque.