Saravut Krailadsiri Sasipailin Chaisechotes

Thailand Tax Update: Further Deferral of Tax Filings and Payments

Further to our Thailand Tax Update: COVID-19 and Tax Relief Measures in Thailand issued on April 22, 2020, due dates for certain tax return filings and payments have been further deferred as part of the Ministry of Finance’s measures to support individual and corporate entities in Thailand during the current COVID-19 pandemic.

On May 8, 2020, the Ministry of Finance issued a notification further deferring the due dates for tax return filings and payments of withholding tax, value-added tax and specific business tax. Tax filings for March and April 2020 were deferred to May 15, 2020 under the previous announcement, and have been further deferred to June 1, 2020 under the new announcement. These further deferrals apply only to e-filing system, and do not apply to paper filings to the Revenue Office.

In addition, the Ministry of Finance has also issued a notification to defer the due date for personal income tax filing and payment on upfront income obtained for long-term leases of immovable property for the tax year 2019.

The updated due dates for these various filings and payments are set out in the table below.

Category of TaxPeriod of Applicable TaxUpdated Filing and Payment Due Dates
(Only for e-filing system)
– Personal income tax on upfront payment obtained for a long-term lease of an immovable property2019August 31, 2020

– Withholding TaxValue
– Added Tax (VAT)
– Specific business tax

March – April 2020June 1, 2020
May 2020June 30, 2020
June 2020July 31, 2020
July 2020August 31, 2020
August 2020September 30, 2020

As the Thai government continues providing relief measures to mitigate the impact of COVID-19 pandemic in Thailand, investors and operators are advised to remain updated on these measures from various agencies.

For further information, please contact our team at Kudun and Partners.

Authors: 


Saravut Krailadsiri
Partner
saravut.k@kap.co.th


Sasipailin Chaisechotes
Associate
sasipailin.c@kap.co.th