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Summary of three Tax Measures from the Ministry Of Finance to Remedy Impact from COVID-19

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Summary of three Tax Measures from the Ministry Of Finance to Remedy Impact from COVID-19

Due to the worsening economic situation in Thailand from the effects of the COVID-19 outbreak, the Ministry of Finance issued tax measures on 31 March 2020 in order to remedy tax burdens on taxpayers, as follows:

1.Extension of the tax filing and tax remittance period of withholding tax, VAT, special business tax and stamp duty

The Ministry Regulation – regarding the extension of the tax filing and tax remittance period for the taxpayer who has a duty to remit withholding tax, corporate income tax, VAT, special business tax and stamp duty) – has extended the tax filing and tax remittance period for the entrepreneur that closes its place of business under the Government order; and the entrepreneur whose place of business is located in a shutdown/closure area, as per the following details:

Detail	Current Period		Extension Period
Detail	Paper Submission	Internet Submission	Extension Period
1. Withholding tax (P.N.D. 1, 2 , 3, 53, 54)
· March 2563	7 April 2563	15 April 2563	15 May 2563
· April 2563	7 May 2563	15 May 2563	15 May 2563
*2. VAT (P.P. 30, 36) and special business tax (P.T. 40)**
· March 2020	15 April 2020	23 April 2020	23 May 2020
· April 2020	15 May 2020	23 May 2020	23 May 2020
3. Stamp duty (Aor. Sor. 4, 4 Gor, 4 Kor)	1 April – 15 May 2020		15 May 2020

* Not including special business tax for sale of an immovable property in a commercial or profitable manner in accordance with Section 91/2 (6) of the Revenue Code.

1. Extension of the tax filing and tax payment period of corporate income tax

The Ministry Regulation – regarding the extension of the tax filing and tax payment period of corporate income tax in accordance with the Revenue Code (No. 2) – has extended the tax filing, tax payment and report submission period to a company or juristic partnership but does not include a securities company registered on the Stock Exchange of Thailand, as follows:

Corporate income tax (P.N.D. 50, 51 , 54)	Current Period	Extension Period*
· Submission under Section 68, 69 and 71 Ter Paragraph 1	April, May, June, July and August 2020	31 August 2020
* In case the due date of internet filing is between 24 – 31 August 2020, the extension shall be extended for eight days from such due date.
· Submission under Section 67 Bis	April, May, June, July, August and September 2563	30 September 2563
* In case the due date of internet filing is between 23 – 30 September 2020, the extension shall be extended for eight days from such due date.

1. Extension of the tax filing and tax payment period of personal income tax

The Ministry Regulation – regarding the extension of the tax filing and tax payment period of personal income tax for the assessable income of the tax year 2020 (B.E. 2563) (No. 2) – has extended the tax filing, tax payment and report submission via internet period to an individual person, as follows:

Personal income tax (P.N.D. 90, 91, 95)	Current Period		Extension Period
Personal income tax (P.N.D. 90, 91, 95)	Paper Submission	Internet Submission	Extension Period
· Submission under Section 56, 57 Quarter	31 March 2020	8 April 2020	31 August 2020