The withholding tax certificate is ❓

The withholding tax certificate is ❓

For this article, we would like to present the benefits of knowledge about what is known as withholding tax, what is this thing to leave each other. If you're ready, let's go see it.

👉🏻Get to know withholding tax

Withholding tax is money that the payer withholds before it is paid to the payee. and bring the money to the state Therefore, the person receiving the money will not receive the full amount. which will be paid with a sheet of paper that is known as Withholding certificate provided that the person who made the payment did not have to pay in full. Just make some payments directly to the person receiving the money and pay the other part to the IRS.

👉🏻Why is there a need for withholding tax?

According to the rules of the Revenue Department, it has been said that withholding tax is a help in reducing the burden of taxpayers without having to pay large amounts of tax at the end of the year.

👉🏻Anyone who has to withhold tax and submit it to the Revenue Department

People who have to pay withholding tax are those who make general payments. Entrepreneurs in general, companies, shops, including government organizations

👉🏻When do I need to deduct?

The deduction will be made only if the payment exceeds the amount of 1,000 baht in one time or in a combination of several times.

How are you? Hope this article will be useful for all readers and see you in the next article.

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