The Ministry of Finance of Thailand has launched three Notifications to extend filing tax returns and submitting payments according to the Cabinet Resolution on 24 March 2020. This is to help people and entrepreneurs to increase liquidity referring to the country economic impacts caused by the spreading of the COVID-19.
Mrs. Sommai Siriudomset, Principal Advisor on Strategic Tax Administration (Energy Industry) spokesman of the Revenue Department revealed that “The Cabinet has approved extending the deadline for tax returns and payment submission for people and the entrepreneurs in order to mitigate impacts of COVID-19 situation. Also, the entrepreneurs have been following the effectiveness of the extension. Currently three Notifications of the Ministry of Finance have been imposed and the extensions of filing tax returns and paying taxes are as follows:
Corporate tax
The deadline for filing and paying corporate income tax for the accounting period of the tax year 2019 (P.N.D. 50 and P.N.D. 55) only for companies or juristic ordinary partnerships not registered in the Stock Exchange of Thailand originally due between April and August 2020 has been extended to 31 August 2020. However, the online filing deadline of the corporate tax return and the related tax payment which is due from 24 to 31 August 2020 will be further extended to 8 September 2020 (Form PND 50 and 55).
The deadline for filing and paying corporate income tax for the half-year accounting period of the tax year 2020 (PND 51) only for companies or juristic ordinary partnerships not registered in the Stock Exchange of Thailand originally due between April and September 2020 has been extended to 30 September 2020. However, the online filing deadline of the corporate tax return and the related tax payment which is due from 23 to 30 September 2020 will be further extended to 8 October 2020 (PND 51).
Personal tax
The deadline for filing and paying personal income tax for the tax year 2019 (P.N.D. 90, P.N.D. 91 and P.N.D. 95) originally due on 31 March 2020 has been extended to 31 August 2020.
Transfer pricing
The transfer pricing disclosure deadline which is due from April 2020 to August 2020 will be extended to 31 August 2020.
Withholding tax
The deadlines for filing and paying withholding tax at source (P.N.D. 1, P.N.D. 2, P.N.D.3, P.N.D. 53 and P.N.D. 54) of March 2020 originally due within April 2020 and of April 2020 originally due within May 2020 have been extended to 15 May 2020.
VAT
The deadlines for filing and paying value added tax (VAT) on domestic sales of goods and services (P.P. 30) of March 2020 originally due within April 2020 and of April 2020 originally due within May 2020 have been extended to 23 May 2020.
The deadlines for filing and paying VAT on oversea service payment (P.P. 36) of March 2020 originally due within April 2020 and of April 2020 originally due within May 2020 have been extended to 15 May 2020,
Specific business tax (P.T. 40)
The deadlines for filing and paying Specific business tax (P.T. 40) of March 2020 originally due within April 2020 and of April 2020 originally due within May 2020 have been extended to 23 May 2020 excluding sale of an immovable property in a commercial or profitable manner which is paid at the time of registration of right and juristic act.
Stamp duty
The deadline for filing and paying Stamp duty (Aor Sor 4, Aor Sor 4 Gor and Aor Sor 4 Kor) originally due from 1 April 2020 to 15 May 2020 has been extended to 15 May 2020. The spokesman of the Revenue Department added “Measures of extension for filing tax returns will help people affected by the COVID-19 situation to obtain liquidity and be able to work and continue running their businesses. Moreover, these measures will be part of enhancing everyone staying at home regarding to the government’s promotion “stay home stop spreading for the nation”.
