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Further eight-day extension for e-filing tax returns and online tax payments in Thailand

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Further eight-day extension for e-filing tax returns and online tax payments in Thailand

On 12 January 2024, the Ministry of Finance released an official Ministerial Notification regarding the Extension of the Period for Filing Tax Returns and Tax Payments via the Internet (No. 7), under the previous Notification of the Ministry of Finance (No. 3) dated 15 December 2020, under which the eight-day extension initiative was due to expire on 31 January 2024. In such regard, the Thai Revenue Department (“TRD”) has further extended this eight-day extension initiative for another three years, until 31 January 2027, with the aim of promoting the sustained use of the e-filing system and online tax payments over traditional paper tax return submissions.

This eight-day extension initiative prolongs the deadline for the submission of tax returns, audited financial statements, the record of income and expenditure accounts, s income before expenses accounts that have undergone inspection and certification by a qualified individual within the accounting period, as well as the disclosure form and the total value of transactions between companies or juristic partnerships in each accounting period; under which the Thai Revenue Code mandates that the said returns must be submitted via e-filing between 1 February 2024 to 31 January 2027, as outlined below:

Tax Filing and Payment Schedule for Eligible Tax Returns

Type	Tax Return Form	Frequency	Due date for paper filing and payment	Extended due date for ONLINE filing and payment^*
Personal Income Tax (“PIT”)	PND. 90 Annual personal income tax return for taxpayers with income derived not only from employment. PND. 91 Annual personal income tax return for taxpayers with income derived only from employment under Section 40 (1) of the Thai Revenue Code. PND. 95 For employment income derived from an International Business Centre (IBC) or Eastern Economics Corridor, or a highly skilled professional with a Long-Term Resident Visa (LTR Visa) which provides reduced tax rates.	Annually	31 March of the following year	8 April of the following year^**
Personal Income Tax (“PIT”)	PND. 94 Mid-year personal income tax return for taxpayers with income under Section 40 (5) (6) (7) (8) of the Thai Revenue Code.	Biannually	30 September of every year	8 October of every year
Corporate Income Tax (“CIT”)	PND. 50 Annual corporate income tax return for companies or juristic partnerships. PND. 52 Annual corporate income tax return for companies or juristic partnerships that carry on an international transportation business. PND. 55 Annual corporate income tax return for foundations or associations.	Annually	Within 150 days from the closing date of the accounting period	Within 158 days from the closing date of the accounting period
	PND. 51 Mid-year corporate income tax return for companies or juristic partnerships.	Biannually	Within two months after the end of the six-month accounting period	Within two months and eight days after the end of the six-month accounting period
	PND. 54 Income tax and profit remittance tax return.	Monthly	By the 7^th of the month following the month in which the payment was made	By the 15^th day of the month following the month in which the payment was made
Withholding Tax (“WHT”)	PND. 1 Monthly withholding tax returns on payments made to employee(s) or any individuals for hire-of-work under Section 40 (1) or (2) of the Thai Revenue Code. PND. 2 Withholding tax returns on payments made to individuals for royalty fee, dividend, loan interest or return an investment from a decrease of registered capital or dissolution under Section 40 (3) and (4) of the Thai Revenue Code. PND. 3 Withholding tax return on payments made to individuals for rental, professional fee or commercial fee under Section 40 (5) (6) (7) and (8) of the Thai Revenue Code. PND. 53 Withholding tax return on payments made to companies or juristic partnerships.	Monthly	By the 7^th day of the month following the month in which the payment was made	By the 15^th day of the month following the month in which the payment was made
	PND. 1 Gor Summary of all payroll withholding tax filed and taxes paid throughout the year on payments made to individuals under Section 40 (1) and (2) of the Thai Revenue Code.	Annually	Within February of the following year	By 8 March of the following year
	PND. 2 Gor Summary of all withholding tax filed and taxes paid throughout the year on payments made to individuals under Section 40 (3) and (4) of the Thai Revenue Code. PND. 3 Gor Summary of all withholding tax filed and taxes paid throughout the year on payments made to individuals under Section 40 (5) (6) (7) and (8) of the Thai Revenue Code.	Annually	Within January of the following year	By 8 February of the following year
Value-Added Tax (“VAT”)	PP. 30 Tax return for VAT registrants who are subject to the calculation of tax by offsetting output tax by input tax.	Monthly	By the 15^th of the following tax month	By the 23^rd of the following tax month
	PP. 36 Self-assessed VAT return for services used in Thailand supplied by foreign service providers, or foreign service providers selling products or providing services in Thailand on a temporary basis.	Monthly	By the 7^th day of the month following the month in which the payment was made	By the 15^th day of the month following the month in which the payment was made
Specific Business Tax (“SBT”)	PT. 40 Specific income tax return for the activities subject to SBT, e.g. banking, finance business, securities business, life insurance, pawnbroking and business with regular transactions similar to commercial banking.	Monthly	By the 15^th of the following tax month	By the 23^rd of the following tax month
Transfer Pricing Disclosure Form	Disclosure Form Applicable to a company or juristic partnership that has a relationship according to Section 71 Bis, paragraph 2 of the Thai Revenue Code that has a total revenue of Baht 200,000,000 or more per accounting year.	Annually	Within 150 days from the closing date of the accounting period	Within 158 days from the closing date of the accounting period

This is intended merely to provide a regulatory overview and not to be comprehensive, nor to provide legal advice. Should you have any questions on this or on other areas of taxation law, please do not hesitate to contact our Tax Team at SCL Nishimura & Asahi Limited.

Areeya Ananworaraks
Counsel
Budhima Kerdsiri
Counsel
Pairaya Yangpaksi
Associate
Nanthaya Suchintawong
Associate
Hatairat Sukprasert
Associate

*: In this regard, a taxpayer who is eligible for the extended deadline as specified above must submit their ordinary and additional tax returns online only. In addition, if a taxpayer has initially submitted their tax returns on paper, they will not qualify for the extension, even if they subsequently resubmit it through the e-filing system. Conversely, if a taxpayer initially submits via the e-filing system and then resubmits in paper form, they will not be eligible for the eight-day extension for resubmits tax returns in paper form.
However, a taxpayer who does not qualify for the extended deadline as specified above will be liable to pay fines and surcharges for late submission of the tax return to the TRD as stipulated under the TRC.

**: In the case of filing a PIT return online and receiving the rights to pay in three installments according to Section 64 (1) of the TRC Revenue Code, the payment must be made in installments within the following schedule:

・The first installment must be settled together with submitting a PIT return via e-filing. This tax payment is also eligible for an eight-day extension.
・The second installment is due and must be settled within one month after the extended due date for the first installment.
・The third installment must be settled within one month after the due date for the second installment.

Lastly, it should be noted that if any installment is not settled within the specified period, a taxpayer responsible for paying or remitting tax will have their rights for the installments revoked. Subsequently, they must pay surcharges at the rate of 1.5% per month or a part thereof as stipulated in Section 27 of the TRC. Said surcharges will be calculated from the date upon which the TRD approves the extension for filing the PIT return until the date of complete settlement.

Authors

Areeya Ananworaraks

Counsel
Bangkok

+66-2-126-9120

Areeya Ananworaraks was previously a legal officer at the Thai Revenue Department. She has 18 years of legal and tax consulting experience. Her specialties including corporate matters, M&A, joint venture, IPO & REIT, corporate secretary (company secretary), commercial contract, property, family business, international business, offshore incorporation, corporate income tax, personal income tax, international tax, value added tax, specific business tax, stamp duty, petroleum income tax. Areeya has extensive on cross border transactions, tax inspection, petroleum business and legal matters. In addition, she has advised numerous MNCs clients on establishing operations in Thailand and listed companies in the Thai Stock Market as well as carrying on due diligence assignments.

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2024.11.26 External Seminars: OWC: International Tax & Transfer Pricing

2024.11.14 External Seminars: OWC: Expat Tax Law & Strategies

2024.10.27 External Seminars: TREBS: Collection of Real Estate Law (RE100)

Budhima KERDSIRI

Counsel
Bangkok

Budhima provides advice on tax compliance and a wide variety of tax-related work. In particular, she has extensive experience with accounting transactions and tax planning. Further, she has handled tax counseling and tax controversies and has substantial experience representing and advising individuals and major corporations in tax disputes, including filing appeal letters for tax assessments, which were assessed by the Revenue Department, the Customs Department, the Excise Department, and local tax collection agencies such as those dealing with land and building tax. In addition, she has more than 10 years of experience as a public speaker and columnist for tax magazines, focusing on tax planning and tax compliance for individuals and companies seeking to maximize their tax privileges under Board of Investment (BOI) promotion and accounting adjustments to comply with Thai tax laws.

Budhima was a columnist for the Tax Documentation Journal, the No. 1 public journal related to accounting and taxation published by Dharmniti Press Co., Ltd., and she is also the author of “Differences and similarities between accounting profit and taxable profit,” a book that has been published twice.

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