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2022 Tax filing deadlines for Thailand
03/11/2022
Running a business in Thailand is subject to many tax filing deadlines, failure to meet these deadlines could result in penalties and surcharges being imposed on the company.
This article has been designed to help your business keep track of and meet the filing requirements of tax returns in Thailand.
Key points
- Mandatory tax filings, even if the company has no business activities.
- Mandatory monthly tax filings for companies registered for VAT.
- Mandatory monthly tax filings for companies with employees.
- Mandatory tax filings if the company pays an invoice subject to WHT (typically for a service charged above 1,000 THB).
If the company is registered for VAT
The following tax and payments are a mandatory requirements for companies registered for VAT.
Registration for VAT is mandatory for companies that supply goods or provide services in Thailand with an annual turnover exceeding THB 1.8 million and/or if the company hires a foreign employee. It is also possible to voluntarily register for VAT as well.
Required monthly tax and payments:
| Payment/Tax | Due date |
| VAT for goods & services (PP 30) | 15th of each month (23rd for efiling) |
| VAT on overseas payments (PP 36) | 7th of each month (15th for efiling) |
Please note, that any payment date that falls on the weekend or public holiday will be deferred until the first following business day.
If the company made payments for services
Withholding tax (“WHT”) is a deduction from payments made to suppliers who provide a service. Whether WHT is applicable and what rate to deduct depends on the nature of the service provided.
WHT also applies to interest and dividend payments.
Expenses that require the deduction of withholding tax are:
- Expenses for services and professional fees
- Expenses less than THB 1,000 in the case that a long-term contract is in place (ie telephone or internet bills)
- Rent
- Rental service fees
- Royalties
- Interest
- Advertising
- Dividends
Required monthly tax and payments:
| Payment/Tax | Due date |
| Withholding Tax (PND 1/3/53/54) | 7th of each month (15th for e-filing) |
If the company has employees
If your company has employees there is a mandatory contribution to be made by the company into the Social Security Fund. This contribution is to be paid for both Thai and foreign employees but the filing and payments are made by the employer.
Also, the Personal Income Tax of employees is paid by the employer on their behalf every month.
Required monthly tax and payments:
| Payment/Tax | Due date |
| Social security contributions – Manual filing | 15th of each month |
| Withholding tax return for wages for employees (PND 1) | 7th of each month (15th for efiling) |
Annual tax & payments
Following deadlines are applicable to any companies whose fiscal year ends on December 31st:
Required monthly tax and payments:
| Payment/Tax | Due date |
| Withholding tax return for wages for employees (PND 1 Kor) | 28th of February |
| Personal Income Tax (PND 91/90) | 31st of March |
| Corporate income tax return (PND 50) | 30th of May |
| Half-year corporate income tax return (PND 51) | 31st of August |
| Annual workman compensation to Social Security Office (WCF/KT26) | 31st of January |
| Annual workman compensation to Social Security Office (KT25) | 31st of March |
How can Belaws help?
To learn more about real estate in Thailand, why not take a look at our tax services?
Additionally, you can talk directly to one of our experts.
Please note that this article is for information purposes only and does not constitute legal advice.
Our consultations last for a period of up to 1 hour and are conducted by expert Lawyers who are fluent in English, French and Thai.
Consultations can be hosted via WhatsApp or Video Conferencing software for your convenience. A consultation with one of our legal experts is undoubtedly the best way to get all the information you need and answer any questions you may have about your new business or project.
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Frequently asked questions
Do expats pay income tax in Thailand?
Thailand imposes an income tax on any income earned in Thailand for both resident and non-residents individuals. This tax will be imposed regardless of whether such income is paid in or outside of Thailand.
Do Thai citizens pay taxes?
Yes, Thai citizens are subject to tax.
What happens if you dont pay tax in Thailand?
You will be subject to Imprisonment for a term up to 1 year; or a. Fine up to 200,000 Baht; or. Both.
What’s the average cost of living in Thailand?
On average, $1,500 a month is accepted as a suitable income for a comfortable life in Thailand.
How can I avoid tax in Thailand?
It is not recommended to avoid paying tax in Thailand.
Do expats pay tax in Thailand?
Thailand imposes an income tax on any income earned in Thailand for both resident and non-residents individuals. This tax will be imposed regardless of whether such income is paid in or outside of Thailand.
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