Corporate Income Tax 2020 Submittal Postponed

The Revenue Department of Thailand announced on Friday, 30 April 2021 to extend the time for submitting forms and paying income tax for the juristic person period 2020. Originally the fill-out date is the duration of May 2021 to June 2021 and will be extended to 30 June 2021 to assist entrepreneurs and accountants that got affected by the COVID-19 pandemic. This will help entrepreneurs to have more liquidity approximately Baht 14,200 million.
In the case of companies or partnerships, general juristic persons
The extending deadline for submission of the registration statement and corporate income tax payment for PND 50 and PND 55 of the fiscal year 2020 must be filed via the Internet by May 2021 Until June 2021. Your form will be issued by 30 June 2021 by filing tax returns only through the Internet
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About The Revenue Department of Thailand
The Revenue Department of Thailand was founded on the 2nd of September 1915 by King Rama VI, following on from King Rama V‘s visions to establish countrywide infrastructure, and to provide a revenue collection platform in order for Thailand to remain aligned internationally.
Taxation is the main source of government revenue. A large part of tax collection comes from three main agencies under the Ministry of Finance. These are the Revenue Department, the Excise Department, and the Customs Department – which collectively account for about 85-90% of the government’s revenue. The Revenue Department itself collects more than half of the total tax collection.
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