Personal Income Tax Exemption on Dividends

A Royal Decree was issued on 20 June 2012 to grant the right to Thai resident investors, who receive dividends from shares of a foreign listed company and consents the said company to withhold tax at the rate of 10% from such dividends, to exclude such dividends from their annual personal income tax returns.

Keywords: Mazars, Thailand, Tax, Personal Income Tax, Foreign Listed Company
A foreign listed company means a foreign multinational company which has secondary listing on the Stock Exchange of Thailand.
Source: The Revenue Department