Latest tax return filing deadlines – August 21 update

HLB Thailand Tax Team

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The following tax measures have been announced to support businesses and taxpayers due to the economic impact of COVID-19.

7% VAT rate extended

Following approval by the Thai cabinet, a new royal decree has been issued under the Revenue Code to maintain the VAT rate at 7% for a further 2 years, until 30 September 2023.

Extended deadline for e-filing of WHT, VAT and SBT returns

The deadlines for electronic filing of withholding tax returns (PND 1, PND 2, PND 3, PND53, PND 54), SBT returns (Por Thor 40) and VAT returns (Por Por 30 and Por Por 36) have been extended for the tax months of August 2021 to November 2021. This follows a similar extension granted for the tax months prior to August.

The extended deadlines are:

Tax monthE-filing extended deadline
August 2130 September 2021
September 2129 October 2021
October 2130 November 2021
November 2130 December 2021

Extended deadline for e-filing of corporate income tax returns

The deadlines for e-filing of corporate income tax returns (PND50, PND51, PND52 and PND55) which are due for filing during the period from 3 August 2021 to 22 September 2021 have been extended to 23 September 2021. The extension also applies to e-filing of financial statements and transfer pricing disclosure forms.

This means that the deadline for filing a mid-year corporate income tax return (PND 51) for the year ending 31 December 2021 has been extended from 8 September to 23 September 2021 in case of e-filing.

Extended deadline for e-filing of 2021 mid-year personal income tax return

The deadline for filing a mid-year personal income tax return (PND 94) electronically for the 2021 tax year has been extended from 8 October 2021 to 30 December 2021.

Penalty and fine reductions

Penalties will be waived or reduced as follows for late filing or incorrect submission of VAT returns (Por Por 30) and SBT returns (Por Thor 40) which are due for filing during September to December 2021, if the tax returns are submitted within 3 months from the extended due dates:

– If taxes and surcharges are paid in full, the penalty will be waived.
– If at least 25% of the tax due is paid, the penalty will be reduced to 2%.

Fines will also be reduced as follows:

– Fines not exceeding Baht 2,000 are reduced to Baht 1
– Fines not exceeding Baht 5,000 are reduced to Baht 2

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