It is important for companies to prioritize the timely submission of their annual financial statements to avoid incurring fines and penalty fees. This involves establishing robust internal processes, allocating sufficient resources, and maintaining open communication with relevant stakeholders to ensure that reporting deadlines are met effectively.
In Thailand, regulatory guidelines specify the timeframe for tax and financial statement submissions as follows:
Tax Submission:
Corporate income tax returns must be filed within 150 days from the end of the accounting period, tax form named “Por Ngor Dor 50 (PND.50)”.
Mid-year corporate income tax returns must be filed within 60 days from the end of the half accounting period, tax form named “Por Ngor Dor 51 (PND.51)”.
Value-added tax (VAT) returns are typically due on a monthly basis, with the deadline falling on the 15th of the following month. VAT filing form named “Por Por 30” (PP.30) and “Por Por 36” (PP.36)
Withholding tax returns are also submitted monthly, with deadlines depending on the type of withholding tax.
Here we summarize the fine and penalty fee on delay submission as following;
Revenue Department
PND.50 form
| No. | Duration | Fine |
| 1 | within 7 days late | 2,000.00 |
| 2 | over 7 days | 4,000.00 |
PND.51 form
| No. | Duration | Fine |
| 1 | within 7 days late | 1,000.00 |
| 2 | over 7 days | 2,000.00 |
Monthly VAT filing form (Por Por 30 and Por Por 36 form)
Penalty on delay filing VAT form (PP.30)
Deadline: paper submission is on 15th of the following month, online submission is on 23th of the following month
#no.1 delay in additional submission
| Fine Fee | Surcharge | Penalty fee | |
| Delay timing | Rate | ||
| No. | rate 1.5% per month | within 15 days | 2% of tax amount |
| (always round up on number of days) | within 30 days | 5% of tax amount | |
| within 60 days | 10% of tax amount | ||
| after 60 days | 20% of tax amount | ||
#no.2 missing submission
| Fine Fee | Surcharge | Penalty fee | |
| Delay timing | Rate | ||
| within 7 days fine THB. 300 | rate 1.5% per month | within 15 days | 2% of tax amount * 2 |
| over 7 days fine THB. 500 | (always round up on number of days) | within 30 days | 5% of tax amount * 2 |
| within 60 days | 10% of tax amount * 2 | ||
| after 60 days | 20% of tax amount * 2 | ||
Penalty on delay filing VAT form (PP.36) – Import/ foreign service provider/ outbound
Deadline: paper submission is on 7th of the following month, online submission is on 15th of the following month
| Fine Fee | Surcharge |
| within 7 days fine THB. 300 | rate 1.5% per month |
| over 7 days fine THB. 500 | (always round up on number of days) |
*Kindly check with accountant, penalty fee may be applied in such case for PP.36.
Penalty on delay filing monthly withholding tax
Deadline: paper submission is on 7th of the following month, online submission is on 15th of the following month
Tax form: PND.3 and PND.53
| Fine Fee | Surcharge |
| THB 200 per form | rate 1.5% per month |
| (always round up on number of days) |
Financial Statement Submission:
Private limited companies must submit their audited financial statements to the Revenue Department within 150 days from the end of their accounting period.
Public limited companies are required to submit both audited and reviewed financial statements to the Securities and Exchange Commission (SEC) within 120 days from the end of their fiscal year.
It’s essential for businesses operating in Thailand to adhere to these regulatory deadlines to avoid fines, penalties, and potential legal consequences.
When a company fails to submit its annual financial statements on time, it may incur fines and penalty fees. These fees are imposed as a way to enforce compliance with regulatory requirements and to encourage timely reporting.
Department of Business Development
E-filing system
| No. | Duration | Company | Director/ person |
| 1 | not over 2 months | 1,000.00 | 1,000.00 |
| 2 | Over 2 months, less than 4 months | 4,000.00 | 4,000.00 |
| 3 | Over 4 months | 6,000.00 | 6,000.00 |
Annual General Meeting
| No. | Duration | Company | Director/ person |
| 1 | Not hold in 120 days after year ended | 6,000.00 | 6,000.00 |
