In order to encourage companies that must submit a transfer-pricing disclosure form to do so electronically, the Minister of Finance issued a notification announcing the extension of the deadline for electronic submission by another 8 days.
Keywords: Mazars, Thailand, Tax, Transfer Pricing, Disclosure Form, Minister of Finance
10 July 2020
The notification states the following:
1. The deadline for filing the transfer-pricing disclosure form electronically shall be extended from 150 days to 158 days from the closing date of the accounting period. This extension shall apply to forms to be filed from 1 January 2020 to 31 January 2021.
2. A company shall be entitled to the extension if it submits the regular transfer-pricing disclosure form and additional form only electronically. The extension shall not apply to a company submitting the transfer-pricing disclosure form both on paper and electronically, as in the following cases:
- the company submits the regular transfer-pricing disclosure form on paper and then resubmits it electronically; or
- the company submits the regular transfer-pricing disclosure form electronically and then resubmits it on paper.