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Accounting – FAQ November 2011

What are the fines for filing the VAT return (PP.30) late or incorrectly?

04/11/2011

Keywords: Thailand, VAT return, PP.30, Thai Revenue Department

The monthly VAT return is known as the form PP.30. It must be filed on the 15th of every month. The Thai Revenue Department, however, does not show any leniency with late filing or incorrect submission of VAT returns. It is therefore extremely important to complete the VAT return with great care and accuracy.

PP.30 submitted Late

1.1  Sales VAT exceeds purchase VAT (creating a VAT liability)

  • The penalty is up to 200% or two times the VAT payable before deducting any VAT carried forward (ref. item 8 - PP.30)
  • The surcharge is 1.5% of the VAT payable per month (ref. item 11 - PP.30)
  • The fine for filing within 7 days after the due date is Baht 300 but after 7 days is Baht 500 (must be paid by cash only)

1.2  Purchase VAT greater than sales VAT (creating a VAT credit)

  • No penalty and surcharge, only a fine is paid

Additional PP.30 submission as a result of an under declaration of sales or an over declaration of purchases

1.1  Original VAT return was filed on time

  • The penalty is up to 100% or one time the additional VAT payable (ref. item 5 - PP.30)
  • The surcharge is 1.5% of the additional VAT payable per month (ref. item 11 - PP.30)

1.2  Original VAT return had been filed late

  • The penalty is up to 200% or two times the additional VAT payable (ref. item 5 - PP.30)
  • The surcharge is 1.5% of the VAT payable per month (ref. item 11 - PP.30)

Note that a copy of the receipt from the filing of the VAT return must be attached to the additional submission.

Where the penalty is paid through a self declaration, i.e. not as a result of an assessment by the Thai Revenue Department Office, the penalty will be reduced to:

  • filed within 15 days after the deadline: 2% of the penalty
  • filed after 15 days but not over 30 days: 5% of the penalty
  • filed after 30 days but not over 60 day: 10% of the penalty
  • filed after 60 days: 20% of the penalty

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