Whats Duty Stamp in Thailand? Duty stamped means (1) in the case of an adhesive stamp, payment of duty is made by affixing a stamp on the paper, before or immediately when an instrument is executed, in an amount not less than the duty payable, and canceling such stamp; or (2) in the case of an impressed stamp, payment of duty is made by using a paper with an impressed stamp in an amount not less than the duty payable and canceling such stamp, or by submitting an instrument to an official to impress the stamp and paying an amount not less than the duty payable and canceling such stamp; or (3) in the case of payment by cash, payment of duty is made in cash in an amount not less than the duty payable in accordance with the provisions of this Chapter or in accordance with a regulation prescribed by the Director-General with the Minister’s approval. In stamping duty as prescribed under (1) and (2), the Director-General shall have the power to order the compliance in accordance with (3) instead Rates of stamp duty are given in the schedule attached to the Chapter VI of Title II of the Revenue Code. The rates of duty range from 1 Baht to 200 Baht. A sample of stamp duty rates on some selected instrument is as follows: (For example) - Rental of land, building, other construction or floating house For every 1,000 Baht or fraction thereof of the rent or key money or both for the entire lease period : 1 Baht - Transfer of share, debenture, bond and certificate of debt issued by any company, association, body of persons or organization. For every 1,000 Baht or fraction thereof of the paid-up value of shares, or of the nominal value of the instrument, whichever is greater. : 1 Baht - Hire-purchase of property. For every 1,000 baht or fraction thereof of the total value : 1 Baht - Hire of work For every 1,000 Baht or fraction thereof of the remuneration prescribed : 1 Baht - Loan of money or agreement for bank overdraft For every 2,000 Baht or fraction thereof of the total amount of loan or the amount of bank overdraft agreed upon. Duty on the instrument of this nature calculating into an amount exceeding 10,000 Baht shall be payable in the amount of 10,000 Baht. : 1 Baht There are more instruments for duty stamp, you can get more information in Revenue Department Website. P.S. If you have any question about Taxation, please do not hesitate to contact us. rd.go.th/publish/21986.0.html
Posted on: Mon, 06 Oct 2014 02:53:00 +0000
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