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

 

 

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For any questions, queries or advice about our tax and accounting services, please do not hesitate to contact us.

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