Thailand Regulatory Filing Table For Tax Report & Annual Financial Statement

For a foreign business investor and management team who is not familiar with local Thai regulation, you may question why your finance and accounting team are always busy along the month. Here is a summary table and timeframe for local Thai regulatory timetable for filing and submission on Tax Form and Annual Financial Statement. This table could answer why they are always busy and do not talk to anyone as well as not willing to join any company event during first week of the month and early year.

No.	Description	Recipient	Form	Government Organization	Deadline (in following month)
					Paper	Online
1	Withholding tax	Company staff	PND.1	Revenue Department	7th	15th
2	Withholding tax	Entity registered in Thai	PND.3	Revenue Department	7th	15th
3	Withholding tax	Thai tax payer	PND.53	Revenue Department	7th	15th
4	Withholding tax	Non-Thai corporate/personal	PND.54	Revenue Department	7th	15th
5	VAT report	Local transactions	PP.30	Revenue Department	15th	23rd
6	VAT report	Overseas transactions	PP.36	Revenue Department	7th	15th
7	Social Security Fund	Monthly contribution report	SPS1-10	Social Security Office	15th	15th

Summary Fine & Penalty Fee For Delay Submission
Department of Business Development

DBD E-filing system: when the company fail to submit the fine fee is showing as below table;

No.	Duration	Company	Director/ person
1	not over 2 months	2,000.00	2,000.00
2	Over 2 months, less than 4 months	4,000.00	4,000.00
3	Over 4 months	6,000.00	6,000.00

Revenue Department

Fail to file annual Corporate Income Tax form (PND.50)

No.	Duration	Fine	Surcharge
1	within 7 days late	2,000.00	1.5% of tax amount x number of months
2	over 7 days	4,000.00	1.5% of tax amount x number of months