"Corporate Income Tax is paid in Thailand by companies and partnerships established under Thai laws are subject to income tax on income earned from sources within and outside of Thailand. The juristic companies and partnerships for income tax purposes include, but are not limited to:
Limited companies.
Registered ordinary and limited liability partnerships.
Joint ventures.
Foundations and associations
A branch of a foreign corporation earning from sources within Thailand.
Corporate Income Tax is imposed on the net profits as per the generally accepted accounting principles and according to the conditions described in the Revenue Code of Thailand. Corporate Taxpayer shall bear in mind that:
Every return must be accompanied by audited financial statement.
Pay 50 percent of the estimated annual income tax by the end of the eighth month.
Failure to pay the estimated tax the taxpayer is fined the amount of 20 % of the deficit.
However the Corporate gets some kind of exemption on dividends.
If the Corporate taxpayer fails to file a tax return, late filing or filing a return containing false or inadequate information may subject the taxpayer to various penalties. Failure to file a return, and sub-sequent non-compliance with an order to pay the tax assessed, may result in a penalty equal to twice the amount of tax due. Penalties are due within 30 days of assessment. An annual income tax return must be filed within 150 days after the end of each accounting period, and must be accompanied by audited financial statements"
Bee says hi to you and the Captain
Crazy 88
