Thailand Stamp Duty Tax Required to be Paid in Cash
On 27 April 2017, Director-General's Notification on Stamp Duty Tax (No 56) was issued, prescribing that Stamp Duty Tax for 5 more instruments shall be paid in cash instead of by affixing duty stamps. This Tax Insight has been updated to reflect this new law.
Instrument Stamp Duty Required to be Paid in Cash
Paid in cash means paying Stamp Duty Tax to the Revenue Department's cashiers in the same way as making tax payments for tax returns.
Whilst, for the majority of the instruments listed in the Stamp Duty Schedule, the tax code requires Stamp Duty Tax to be paid by buying and affixing duty stamps to the Instruments, this is not true for all of them.
Section 123 bis of the tax code provides the Director-General of Revenue with the power to order persons liable to Stamp Duty Tax to pay the tax by other ways, and under that Section, the Director-General of Revenue has issued Notifications on Stamp Duty Tax, ordering certain instruments to be paid in cash instead of by affixing duty stamps to those instruments.
The listing of instruments for which Stamp Duty is required to be paid in cash instead of by affixing duty stamps is as follows:
(1) As prescribed in Director-General's Notification on Stamp Duty Tax (No 54) issued on 29 December 2014.
(2) As prescribed in Director-General's Notification on Stamp Duty Tax (No 56) issued on 27 April 2017.
Stamp Duty Tax Rates
For the amounts of Stamp Duty Tax payable, see our Stamp Duty Tax Rates Insight.
This Tax Insight is general information only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.