The new e-Withholding Tax system manages withholding tax completely in one step. As an electronic medium service that meets international standards of security, it is an alternative way to cover the withholding tax steps in what has been a daunting process and makes the system shorter and more pleasant. Expense on messengers and printing are therefore avoided. Moreover, the documents according to Section 50 Bis are digitised and so not easily lost. It also promotes transparency with its channel to check evidence at the Revenue Department website www.rd.go.th 24 hours without having to keep physical documents.
In addition, the rates for taxpayers from whom tax is withheld via e-Withholding Tax are automatically reduced from 3% to 2% (1 October 2020 – 31 December 2021)