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Special Tax Measures
Due to the COVID-19 pandemic, some significant tax relief measures
have been issued and summarized below.
1) Tax Compliance
Thailand Tax Ministerial Notification (No.2) 2563 was issued on 31 March 2020, extending the due date for submission annual corporate tax return for 2019 and mid-year corporate tax for 2020 for non-listed companies, VAT and Withholding tax returns.
Filing extension of mid-year and annual corporate income tax ("CIT") and Transfer Pricing disclosure
| Tax returns | Normal filing deadline | Extension |
|---|---|---|
| PND.50 (2019 annual CIT return) | For normal filing of annual CIT returns and payments due between April and August 2020. | 31 August 2020 |
| PND.51 (2020 mid-year CIT return) | For normal filing of mid-year CIT returns and payments due between April and September 2020 | 30 September 2020 |
| Transfer Pricing disclosure form | Due between April and August 2020 | 31 August 2020 |
Filing extension of valued added tax ("VAT") and other tax returns
| Tax returns | Normal filing deadline | Extension |
|---|---|---|
| VAT returns (PP.30) and specific business tax returns (SBT returns or Por Thor 40) | For tax returns in March 2020:- required to be filed on 15 April 2020 for paper filing and 23 April 2020 for online filing. For tax returns in April 2020:- required to be filed on 15 May 2020 for paper filing and 23 May 2020 for online filing. |
23 May 2020 |
| Withholding tax returns (PND.1, PND.2, PND.3, PND.53, and PND. 54) Self-assessed VAT returns (PP.36) | For tax returns in March 2020:- required to be filed on 7 April 2020 for paper filing and 15 April 2020 for online filing. For tax returns in April 2020:- required to be filed on 7 May 2020 for paper filing and 15 May 2020 for online filing. |
15 May 2020 |
| Stamp Duty (Aor Sor 4, Aor Sor 4 Kor, and Aor Chor 4 Khor) (For payment in cash) | For the payments which are due from 1 April 2020 to 15 May 2020. | 15 May 2020 |
- 2) Reduction of domestic withholding tax rates
Thailand Tax Ministerial Regulation No. 361 (2563) gazetted on 30 March 2020 details reduction in domestic withholding taxes.
The withholding tax ("WHT") rate will be reduced from 3% to 1.5% for
domestic payments of certain type of assessable income from 1 April 2020 to 30 September 2020, and to 2% for the payments from 1 October 2020 to 31 December 2021. However, the 2% rate will be only applied for the epayments and e-withholding tax from 1 October 2020 to 31 December 2021.
| Payments of Assessable Income | to Recipient (in Thailand) |
|---|---|
| Section 40 (2) hire of work, services, commission | Corporate entity |
| Section 40 (3) goodwill, copyright or other rights | Corporate entity |
| Section 40 (6) liberal professions | Individual/ Corporate entity |
| Section 40 (7) and (8) hire of work | Individual/ Corporate entity |
| Section 40 (8) Sale promotion benefits | Individual/ Corporate entity |
The reduced rate shall be applied only normal 3% WHT rate, for the other WHT rates are not under Ministerial Regulation No. 361 (2563).