From Tax’s view, Below please see the summary of the tax concern:
1. It is Services Agreement. It have to deduct withholding tax 3 percentage.
2. Stamp duty. Please see the notification of Director-General of the revenue department on Stamp Duty No.54.
With effect from 5 April 2015, Stamp duty is required to be paid by cash to the Revenue department instead of by affixing stamps.
Hire of work agreement with remuneration of Baht 1 million or more.
Stamp duty rate is 0.1 % of the contract value .
In this regard, the instruments must be endorsed by the Revenue department prior to the execution of the instruments or
Within 15 days from the day following the date of execution of the said instruments.