Requirement for electronic filing of the transfer pricing disclosure form

Requirement for electronic filing of the transfer pricing disclosure form. Under the Notification, starting from an accounting period beginning on or after 1 January 2020, a company or legal partnership which is required to file the transfer pricing disclosure form must file the form electronically under the following procedures:

Keywords: Mazars, Thailand, Tax, Transfer pricing, Revenue Department, Ministry of Finance

17 March 2021

1. A company or legal partnership shall submit an application for registration of the electronic filing of the transfer pricing disclosure form via one of the following methods:

1.1  Log in to the filing system of the transfer pricing disclosure form directly via the Revenue Department’s website by using the registered username and password for the Revenue Department’s e-filing system; or

1.2  Log in to the filing system of the transfer pricing disclosure form via the Ministry of Finance’s website by using the registered username and password for the Tax Single Sign On system.

2. Once approval is received, the company or legal partnership shall have the right to file the transfer pricing disclosure form electronically via the Revenue Department’s website or via the Tax Single Sign On system in the Ministry of Finance’s website.

3. A company or legal partnership shall receive the reference number after the electronic filing of the transfer pricing disclosure form and the filing of the transfer pricing disclosure form will be considered to be completed.

In the case where there are reasonable grounds that a company or legal partnership is unable to file the transfer pricing disclosure form electronically, a company or legal partnership shall file the transfer pricing disclosure form by using the form printed from the Revenue Department’s website and notify the Director-General of the Revenue Department in writing of such reasonable grounds. The printed form of the transfer pricing disclosure form together with the notification letter shall be filed at the Revenue Office in the area where the company or legal partnership is located. The filing process shall be considered to be completed upon receipt of acknowledgement receipt of the filing from the Revenue Department.