Your company must calculate its annual net profit and its tax liability and pay half of the estimated tax amount in 2 months after the first 6 months of the accounting period. For example: If your company’s accounting period ends on December 31 – the first six months constitute the months of January – June. Your company’s half-year report will then be due in 2 months after June, i.e., by August’s end.
If you are looking for an expert who can estimate your company’s tax liability and help you with half-yearly reporting in Thailand, then we may help.
We will need the following documents for calculation;
- Expected expenses and income for the corporation for 2019. If your company is expected to have no income, it must be informed.
- Actual sales and expenses figures for the first 6 months of the year (Jan 2019 – June 2019)
- Estimated income and expenses for July 2019 – December 2019.
- Include your salary, rental expenses, and other expenses along with the receipts issued under the company’s name and company’s registration address.
- If your business is cyclical you must project higher or lower than expected sales later in the year.
- Copy PND.50 of 2018 (2560) that has been submitted to the Thai Revenue Department.
