Service Features

Bangkok Bank serves as an agent to submit withholding tax and information from corporates (juristic persons) to the Revenue Department through an electronic system. Once a payer with the duty to deduct withholding tax makes a payment to the beneficiary's account via Own Account Transfer, Third Party Transfer, Payroll, Direct Credit, Funds Transfer via SMART, PromptPay Bulk Payment or International Funds Transfer on Corporate iCash or BIZ iBanking*, the Bank will deduct the withholding tax from the payer’s account and submit the withholding tax, together with the withholding tax information to the Revenue Department. Payers will no longer need to submit withholding tax and information manually and will no longer be required to issue a withholding tax certificate. Both withholding tax payers and payees can check e-Withholding Tax on the Revenue Department’s website 24/7.

*e-Withholding Tax is available on BIZ iBanking via SMART only.

Benefits

Benefits for Payers
 

• Withholding tax and supporting information can be submitted immediately via Bangkok Bank’s online system.
• You no longer need to submit withholding tax certificates as e-withholding tax information can be verified and related documents can be downloaded from the Revenue Department’s website. (This service will be available after you register with the Revenue Department.)
• Withholding tax payers will no longer need to submit withholding taxes and supporting information manually to the Revenue Department.
• The payer can pay additional withholding tax via the Bank’s channels.
• The payer and the beneficiary can verify the withholding tax information on the Revenue Department’s website via e-Filing system 24/7.

 
Benefits for Payees
 

• Receive payment notification and withholding tax information via email (the email address specified in the payment instruction).
• No need to keep withholding tax certificates. The e-withholding tax information can be verified and related documents can be downloaded from the Revenue Department’s website. (This service will be available after you register with the Revenue Department.)
• The beneficiary will receive more due to withholding tax privileges from the Revenue Department if payers use the e-Withholding Tax service.