By Paul Ashburn, Senior Tax Partner, HLB Thailand
Thailand’s Ministry of Finance on March 25 issued a notice under the revenue code to extend the deadline for companies to file related party disclosure forms for the accounting period(s) that began between January 1, 2020 to December 31, 2020.
The deadline for filing has been extended to May 30, 2022. The deadline for filing a disclosure form is normally 150 days after the accounting year-end.
This means, for example, that a company with a December 31, 2020 year-end that has not yet filed its disclosure form for that year now has until May 30, 2022 to file the form and not incur a fine for late filing.
In the same notice, the deadline for filing the form was extended by eight days in case of online filing if the deadline for filing the form falls on May 23 to May 30, 2022.
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