For Stripe account holders in Thailand, value-added tax (VAT) applies to all Stripe fees at the prevailing standard.
The VAT charge is applied in addition to Stripe’s product and service fees. You will be provided with a monthly tax invoice for the VAT that is charged on your Stripe fees. This invoice will be delivered to your email with the subject “A new tax invoice is now available to view”, and it can also be accessed on your platform's website. You can learn more about tax invoices in the article below:
What are my withholding tax (WHT) obligations?
The fees for Stripe’s services may attract 3% WHT. Hence, Stripe pays an additional amount of 3% of the monthly invoice amount (before VAT) to you. This ensures you do not have to use your own cash flow to complete this payment and then claim this amount back from Stripe at a later date.
You are responsible for remitting this amount to the Revenue Department and issuing a WHT certificate to Stripe.
For reference purpose, sample calculations is provided as below:
Particulars |
Calculation |
Amount (THB) |
Payment processing fee |
A |
10,000 |
VAT at 7% |
B = [A x 7%] |
700 |
Total |
C = [A + B] |
10,700 |
Withholding tax reimbursement (3% |
D = [A x 3%] |
300 |
Debit from your balance |
E = C - D |
10,400 |
How do I issue WHT certificates to Stripe?
Account holders have to issue WHT certificates to Stripe for each deduction in the format prescribed by the Director General of the Revenue Department in Thai or English language (with Thai translation).
Stripe-related information to be mentioned on the WHT certificates includes:
- Legal entity: Stripe Payments (Thailand) Limited
- Tax ID: 0105562074027
- Address:
Head office: WeWork Asia Centre
173 South Sathorn Road, Suite 28W102
Bangkok, Thailand 10120
The electronic copy of the certificates must be emailed to this email address:
wht_th@stripe.com
In addition, the actual physical copy of the certificates must be delivered to the address below:
Attn: Outsourcing Team
PricewaterhouseCoopers Legal & Tax Consultants Ltd.
12th Floor Bangkok City Tower, 179/74-80 South Sathorn Road, Sathorn, Bangkok 10120
In the event that Stripe does not receive a WHT certificate from a user within three months of the WHT payment, it may recover the amount already paid from the user’s account.