News & Announcement
Updated Date 19 Feb 2018
Krungthai united with 4 leaders of petroleum business to provide e-withholding tax for government sector
Krungthai Bank response government’s Cashless Society policy by united with gas station of PTT, Bangchak, Esso and PT across the country to provide withholding tax and tax remittance agent service via KTB e-withholding Tax for government sector when using KTB fleet card, which Krungthai Bank is the first who remit the tax via electronic system This service is available now.
Mr.Payong Srivanich President of Krungthai Bank together with Mr. Auttapol Rerkpiboon Chief Operating Officer, Downstream Petroleum Business Group of PTT Public Company Limited, Mr. Chokchai Atsawarangsalit Executive Vice President, Marketing Business and Oil Terminal of Bangchak Corporation Public Company Limited, Mr.Itthipol Pichaikal Commercial Vehicles Sales Manager – Thailand Esso Thailand Public Company Limited and Mr.Rungsan Puangprang Executive Vice President of PTG Energy Public Company Limited to provide withholding tax and tax remittance agent service for government sector who use KTB fleet card at the gas station of those 4 companies across the country.
Mr.Payong Srivanich revealed that as the bank provide KTB fleet card for government sector to use instead of cash coupon or oil voucher, therefore to facilitate the government sector, the bank form an alliance with 4 Thailand’s petroleum companies providing 1% withholding tax and tax remittance agent automatically via KTB e-withholding tax system.
Krungthai Bank is the first bank in Thailand who provides an automatic withholding tax service and send tax remittance to The Revenue Department every month which all the process will be paperless and Krungthai Bank is the only bank who connects to The Revenue Department’s system which will ease working process of government sector and support Cashless Society policy of the Ministry of Finance which will enforce all government sector to receive pay and transmit money to the Ministry of Finance via electronic system such as KTB Corporate Online, EDC, or Dynamic QR Code within 27 March 2018.
This service will be one of digital innovations of Krungthai Bank after providing e-Donation service, a congratulation card issue service via electronic system, which enable people who donate their money to the temples via KTB netbank by scanning KRUNGTHAI QR Code in donation points to request electronic congratulation card for tax refund Moreover the bank will launch many new products and innovations to response customer’s insight and to be the leader in digital banking.
Government Sector and State Owned Enterprise who have KTB fleet card and have an intention to appoint the bank as withholding tax agent when using those card at gas station of 4 petroleum company can sent the appointment request via the bank’s relationship manager or Krungthai Bank’s branch. For more information please contact KTB Call Center 02-111-1111.
Corporate Branding and Communication Department
19 February 2018
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