Withholding Tax 1% (Property Transfer)

Definition

A 1% withholding tax on the sale price deducted by the Land Office from the seller during a property transfer (progressive Personal Income Tax if individual seller, flat 1% if corporate seller). For Thai tax non-residents, the WHT may be creditable in the country of residence via tax treaty. This transfer WHT is distinct from the 15% monthly WHT levied on rental income received.