Tax on transfer?

[Dezmo]

I have a Bangkok Bank account for about a year.     I just transferred over a large amount from my USA bank using Wise in late December and notice a Tax line item on my bank statement about a week later for about .3% of the that amount but not sure it's related.

Is there a new tax from the government I missed ?

[rattlesnake]

What does it say next to the debited amount on the statement?

[Dezmo]

Withholding Tax

[butterfly]

how big was the transfer in USD? did WISE said anything before the transfer?

[rattlesnake]

1 hour ago, Dezmo said:

Withholding Tax

 

What did you select as "reason for transfer" when asked by Wise?

[butterfly]

could be annual interest rates tax withholding,

[Dezmo]

42 minutes ago, rattlesnake said:

What did you select as "reason for transfer" when asked by Wise?

I forgot and the Details now do not show the reason. 

It was just a transfer to myself... so probably selected the closest.

But the tax is on my BB statement. I did email them too.

[rattlesnake]

1 hour ago, Dezmo said:

I forgot and the Details now do not show the reason. 

It was just a transfer to myself... so probably selected the closest.

But the tax is on my BB statement. I did email them too.

I wonder if it is related to the amount or to the reason selected in Wise. I suspect it may be the latter, as if you selected "wages" for instance, it is technically subjected to withholding tax (see source below).

I have been sending money to my Thai accounts (Kasikorn and Bangkok Bank) with Wise for years and always select 'Funds for a long term stay", I never noticed a withholding tax debited.

https://belaws.com/thailand/how-does-withholding-tax-work-in-thailand/