Keywords: Mazars, Thailand, Tax, Revenue Code, Royal Gazette
15 January 2015
According to this Act, the previous provision of Section 63 of the Revenue Code has been repealed and superseded by the new provision which stipulates that if a withholding tax is made against any person’s income and remitted in an amount exceeding that is required by the Revenue Code, a claim for refund must be submitted within 3 years from the date of the original deadline of the tax return. However, if such person is not required to file a tax return in that tax year, a claim for refund must be submitted within 3 years from 31 March of the year following the year in which the tax was deducted.
The previous provision provides that the claim for a refund of over-withheld tax must be submitted within 3 years from the last date of the year in which the tax was deducted.