Forms for Personal Income Tax Return Submission in Thailand

Personal Income Tax Return Submission in Thailand

Navigating the complexities of personal income tax return submission in Thailand can be challenging, especially with the various forms and deadlines involved. Understanding the “Forms for Personal Income Tax Return Submission in Thailand,” such as PND 90, PND 91, and PND 94, is crucial for ensuring compliance and avoiding costly mistakes. This article provides a comprehensive guide to these essential forms, detailing their specific uses, associated penalties for late submissions, and the key deadlines you need to meet. By reading this guide, you’ll gain valuable insights into the paperwork required for personal income tax return submission in Thailand, helping you manage your tax responsibilities more effectively and avoid common pitfalls.

Discover the essential forms for personal income tax return submission in Thailand, including PND 90, PND 91, and PND 94. Learn about penalties, surcharges, deadlines, and why outsourcing payroll services can offer significant advantages over in-house management.

Tax Forms for Personal Income Tax Return

PND 90 Form (free download for non-commercial translation use only)

• Who Uses It: Individuals who earn income from non-salaried sources, including self-employed individuals, freelancers, and those with income from investments.
• Content: Use this form to report income from various sources and claim allowable deductions and tax credits.

PND 91 Form (free download for non-commercial translation use only)

• Who Uses It: Individuals who receive income solely from salaried employment and do not have additional sources of income.
• Content: This simpler form is for those who have a straightforward tax situation with income solely from employment.

 PND 94 Form (free download for non-commercial translation use only)

• Who Uses It: This form is specifically for individuals who are subject to withholding tax and also have other sources of income that need to be reported separately.
• Content: Reconcile tax paid via withholding with actual tax liability using this form.

Penalties and Surcharges

Late Filing Penalty:

• Amount: Up to 2,000 THB.
• Details: If you fail to file your personal income tax return by the deadline, you may incur a penalty of up to 2,000 THB.

Late Payment Penalty:

• Amount: 1.5% per month (up to a maximum of 100% of the unpaid tax amount).
• Details: If you fail to pay the tax owed by the due date, a late payment penalty of 1.5% per month will apply on the unpaid amount. This penalty can accumulate up to a maximum of 100% of the outstanding tax.

Interest Charges:

• Rate: 1.5% per month.
• Details: Interest is charged on any unpaid tax from the due date until payment is made.

Additional Penalties for Fraudulent Activity:

• Amount: Can be substantial, including criminal charges.
• Details: If tax evasion or fraud is detected, more severe penalties and even criminal prosecution may apply.

Deadlines

Form PND 91 and PND 90:

• Deadline: March 31st of the following year (e.g., for the 2023 tax year, the deadline is March 31, 2024).

Form PND 94:

• Deadline: Same as for PND 91 and PND 90, March 31st of the following year.

Electronic Filing:

• Extended Deadline: The deadline for electronic filing (e-filing) may be extended, often to the end of April or early May, depending on updates from the Revenue Department.

Note: Always check the latest updates from Thailand’s Revenue Department or consult a tax professional, as regulations and deadlines can change. By choosing SMEBASS as your payroll service provider, you not only ensure expert handling of your payroll needs with precision and compliance but also enable yourself to concentrate on growing your business. Additionally, you will benefit from advanced solutions, reliable support, and strategic insights tailored specifically to your needs. Consequently, this partnership allows you to streamline your operations and gain a competitive edge while having peace of mind that your payroll is managed effectively and efficiently.

 

For more detail , please visit website of the Thai Revenue Department

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