Did you know that savings interest tax has been revised?
Did you know that savings interest tax has been revised?
The savings interest tax has now been revised. Which new model will be different from the old one? This article has answers for you.
How is the modified savings interest tax?
Measures of the revised savings interest tax have stipulated that “Persons who have received total interest over twenty thousand baht will be subject to 15 percent withholding tax, but if interest on all savings accounts does not exceed twenty thousand Tax exemption will be made for individuals who pay interest on all savings accounts.”
What is the difference between the old and new savings interest tax?
The old savings interest tax, the account owner must notify the bank about interest exceeding twenty thousand baht. But the new account owner does not need to inform themselves. Just give consent for the bank to send the case. Interest to the Revenue Department But if you don't agree, you will be deducted 15 percent at the time of payment, even if the interest does not reach twenty thousand.
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