Chirayuthchai TraisaengsatheanStrategic Finance for Property Development

Tax filing calendar and deadlines

Monthly, half-yearly and annual tax filing deadlines for property development companies, with the effects of late filing and a sample monthly work calendar

ReferenceProject Accounting Handbook

Extracted from Real Estate Project Accounting Handbook · Part 5: Tax and compliance with Thai law
Summarised from the Tax Filing Calendar in Appendix C of the Ownership Transfer Operations Handbook and the closing checklist in Appendix D of the accounting handbook

The rates and deadlines on this page are summarised from the handbooks for quick reference. Laws, rates and announcements may change; check the current version with the Revenue Department, the Land Department or an adviser before relying on them.

Returns to be filed monthly

TypeTaxDue date (paper)
PND 1Withholding tax on salariesBy the 7th of the following month
PND 2WHT on interest and dividends paid to individualsBy the 7th
PND 3WHT on payments to individualsBy the 7th
PND 53WHT on payments to domestic juristic personsBy the 7th
PND 54WHT on payments to overseas recipientsWithin 7 days of the end of the month of payment
PP 30VATBy the 15th of the following month
PP 36VAT on payments for overseas servicesBy the 7th of the following month
PT 40Specific Business Tax (where not paid at the land office)By the 15th of the following month
SSO 1-10Social security contributionsBy the 15th of the following month

Online filing usually receives an extended deadline; check the current extension announcement

Returns to be filed half-yearly and annually

TypeTopicDue date
PND 51Half-year profit estimateWithin 2 months of the end of the first 6 months of the accounting period
PND 50Annual corporate income taxWithin 150 days of the end of the accounting period
Transfer pricing disclosure formRevenue over THB 200 million and with related-party transactionsFiled together with PND 50
Financial statements filed with the Department of Business Development (DBD)Financial statements certified by the auditorWithin 1 month of the date of the meeting approving the financial statements
BOI performance report (if applicable)According to the conditions of the promotion certificateAs specified by the BOI

Consequences of late filing (general rules)

CaseResult
Late filing of returnsCriminal fine according to the type of return
Late payment of taxSurcharge of 1.5% per month or part of a month (capped at the amount of tax)
Under-reported or incomplete returnsPenalty as prescribed by law, plus surcharge
Intent to evade taxCriminal liability

Sample monthly tax calendar

  1. Days 1–5 Close the previous month's cash, payables and WHT
  2. Day 7 PND 1, 3, 53, 54 and PP 36
  3. Day 10 Complete the monthly closing and send the management report
  4. Day 15 PP 30, PT 40 (if applicable) and social security
  5. Day 20 Reconcile tax paid against receipts