Market Taxation Guide - Thailand

04.03.2015

This Market Taxation Guide (Thailand) provides the following details:

  • Reference information about all taxes applied at source, through Clearstream Banking and its local depositories, to securities deposited in Clearstream Banking; and
  • Instructions for obtaining relief at source or a refund of withholding tax, where these are available, through Clearstream Banking.

New and improved tax information and procedures that become available will be included on an ongoing basis.

Important note:

This Market Taxation Guide (including any attachments and other links) is for informational purposes only and is not intended and should not be considered to be legal advice on any subject matter. Readers of this Market Taxation Guide, whether customers or otherwise, should not act or refrain from acting on the basis of any information included in this Market Taxation Guide without seeking appropriate legal or other professional advice.

Holding restriction

Withholding
tax rate

Relief
at source

Quick
refund

Standard
refund

Corporate Bonds

Yes

15%

Clearstream Banking does not provide tax Relief at source, Quick or Standard refund services for the Thailand market.

No

No

No

Government Bonds (i.e. bonds that are issued by the Ministry of Finance or the Bank of Thailand and are financial instruments organised specifically for lending to promote agriculture, commerce or industry)

Yes

0%

No withholding tax is imposed on interest paid on Thai Government bonds in Clearstream Banking.

N/A

N/A

N/A

Other Government Bonds

Yes

15%

Clearstream Banking does not provide tax Relief at source, Quick or Standard refund services for the Thailand market.

No

No

No

Equities

 

  Yes

  10%

 

Clearstream Banking does not provide tax Relief at source, Quick or Standard refund services for the Thailand market.

No

No

No

Clearstream Banking does not provide tax Relief at source, Quick or Standard refund services for the Thailand market. Customers are advised to engage a local tax agent for all tax related matters according to market practice.

Capital gains tax

There is no capital gains tax withheld through Clearstream Banking on securities held in Clearstream Banking. Capital gains tax may however be payable on specific gains. Please refer to the Taxation – Thailand section of the Market Profile – Thailand for further information. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.

Stamp Duty

There is no stamp duty withheld through Clearstream Banking on securities held in Clearstream Banking. Stamp duty may however be payable on specific transactions. Clearstream Banking does not assist in this regard. Please consult your tax advisor for further information.

Holding restriction

Thai securities may not be held in Clearstream Banking on behalf of beneficial owners that are Thai residents for tax purposes. Customers are responsible for ensuring compliance with this restriction. Please refer to the Other services – Thailand section of the Creation Link Guide – Thailand for further information.