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Thailand Publishes Regulation on Withholding Tax on Interest Payments to Mutual Funds

|Approved Changes|Thailand
Thailand

Thailand has published Ministerial Regulation No. 353 in the 6 December 2019 edition of the Official Gazette concerning tax withholding on interest payments to mutual funds. The regulation provides that corporate entities in Thailand making interest payments to a resident mutual fund are required to deduct 15% withholding tax and remit the tax to the Thai Revenue Department by the 7th day of t…

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