The Revenue Department of Thailand on 24 May 2017 issued a statement regarding the filing of audited accounts for an e-filing corporate taxpayer. The release states that the submission of the audited accounts can be done electronically (instead of physically as per earlier guidance) as from 1 November 2017.
The Revenue Department noted that for audited accounts required to be filed during the period 25 February 2016 to 6 June 2018, the tax authorities will extend the time period for electronic submission of the audited accounts from 1 November 2017 to 7 June 2018 without imposing a penalty. The release also states that if the audited accounts required to be filed during such period were already physically filed with the tax authorities, the e-filing corporate taxpayer is not required to re-submit the audited accounts electronically.
Tax professionals in Thailand expect that the Revenue Department may make a formal announcement shortly to clarify that, until 1 November 2017, it will accept physical filed audited accounts but that beginning from 1 November 2017, electronically filed audited accounts will be required. The overall message, regardless of the method of compliance, is that e-filing taxpayers are now required to submit their audited accounts to the tax authorities whereas previously, this was not required.
Read a May 2017 report prepared by the KPMG member firm in Thailand
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