Thailand's annual company annual report season is here again!
Thai law stipulates that any company incorporated in Thailand must submit a consolidated corporate income tax return, an annual audit report and a list of shareholders for the previous year by the end of May each year.
Specifically, in 2024, all Thai companies are required to file the 2023 Annual Corporate Income Tax Summary Return (PND50) with the Tax Department by May 29, the list of shareholders to DBD by May 14, and the annual audit report to DBD by May 31.
It should be noted that the annual declaration is the legal obligation of every Thai company, and whether the company has operated or traded in the previous year must be handled on time. Some investors are wrong to assume that a newly registered company in Thailand does not need to file an annual declaration before it has commenced operations. A Thai subsidiary of a Chinese A-share listed company has been penalized for failing to file its annual return on time. In addition, failure to file the annual corporate income tax return on time can also affect the application and extension of the work permit of foreign employees. You must not be negligent!
*: Investment double line Author: Tai Meili-Zeng Lei.