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It is now time to file PND 51 for accounting period 2007 | A company or juristic partnership carrying on business within the accounting period 2007 has a duty to file half year corporate income tax return PND 51 along with tax payment (if any) within 2 months from the last day of the 6 month period from the first day of the accounting period. The filing may be lodged at the branch area revenue office where the head office is located. Paper filing may be lodged during office hours from 8.30-16.30 hrs. On the other hand, electronic filing may be lodged from 6.00-22.00 hrs. daily even on holidays.
A company shall lodge PND 51 from 1 July-31 August 2007 if the first 6 months of its accounting period starts from 1 January 2007 and ends at 30 June 2007.
The declaration of income within PND 51 is calculated from - One half of the net profits estimate for the whole accounting period
- Net profits of the first 6 months of the accounting period
Warning
If a company underestimates net profits exceeding 25% of the net profits or incorrectly declares items of income and incorrectly pays tax from the actual net profits without reasonable cause, it shall be liable to pay surcharge of 20% of the remaining tax payable.
If a company does not file a tax return or does not file a tax return within the deadline but has tax payable it shall be liable to pay a surcharge of 20% of half of the tax payable amount. It shall also be subject to a penalty not exceeding 2000 Baht.
Note : For electronic filing please go to www.rd.go.th (available only in Thai language)
For more information please call RD Call Centre Tel. 0-2272-8000 |
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Last update : Wednesday, July 30, 2014
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