2022 Filing Deadlines UpdateHLB Thailand Tax Team
We summarise below the deadlines currently applicable for filing 2021 personal income tax returns and 31 December 2021 financial statements, income tax returns and transfer pricing disclosure forms for companies.
Deadline for filing 2021 personal income tax returns
The deadline for filing personal income tax returns (PND 90 and PND91) electronically for the 2021 tax year is 8 April 2022. The deadline for filing a paper return is 31 March 2022.
Deadline for filing 31 December 2021 corporate income tax returns and transfer pricing disclosure forms
Companies are required to file an annual corporate income tax return (PND 50) within 150 days of their financial year end.
This means that for the year ended 31 December 2021, the corporate income tax return is due for filing by Monday 30 May 2022 , extended by 8 days for e-filing to Tuesday 7 June 2022.
You may also need to prepare and submit a Transfer Pricing disclosure form if the company had related parties during the financial year and reported total revenue of more than THB 200 million (approx. USD 6.5M).
All related parties of your company must be disclosed, regardless of whether the company transacted with them during the period. You’ll need to carefully consider the definition of related parties in the Revenue Code to ensure complete disclosure.
The Director-General of the Revenue Department has issued a notification making it mandatory for companies to submit their transfer pricing disclosure forms online unless they have reasonable grounds for filing a paper form.
AGMs and filing of financial statements
The Department of Business Development (DBD) has not announced any extension this year of deadlines for filing financial statements, shareholder lists etc.
For limited companies, the list of shareholders should be filed within 14 days of the date of the AGM and the financial statements within 1 month of the AGM date.
|Annual General Meeting||Meeting within 4 months after year end|
|Shareholder list||File with DBD within 14 days after the AGM|
|Audited financial statements||File with DBD within one month after the AGM|
For public companies, the list of shareholders and the financial statements should be filed within 1 month of the date of the AGM.
The financial statements for partnerships, joint ventures and foreign companies e.g. representative offices, regional offices and branches, must be filed within 5 months of the end of the financial year.