Extension of 7% VAT rate for another 2 years and providing tax measures for assisting people who suffer from the COVID-19 situation
COVID-19 Updates
On 24 August 2021, the Thai Cabinet passed its resolution to remain VAT rate at 7% for all sales of goods, provisions of services or imports of goods or service for another 2 years from 1 October 2021 to 30 September 2023 with the purpose of increasing liquidity and alleviating the impact from the covid pandemic.
In addition, the Revenue Department has implemented tax measures to mitigate the impact of the people who suffer from the COVID-19 situation as follows:
- Extension the deadline for tax return filings, and payments which includes withholding tax, VAT, and specific business tax via the Internet:
- For August 2021, extending the deadline from 15 September 2021 or 23 September 2021 to be within 30 September 2021
- For September 2021, extending the deadline from15 October 2021 or 23 October 2021 to be within 29 October 2021
- For October 2021, extending the deadline from 15 November 2021 or 23 November 2021 to be within 30 November 2021
- For November 2021, extending the deadline from 15 December 2021 or 23 December 2021 to be within 30 December 2021
However, these extensions do not include for tax return filings and payment on specific business tax for the sale of immovable property for commercial or profit purpose.
- Extension of the deadline for tax return filing and tax payment on half-year corporate income tax for the tax year 2021 (PND 51) from within August 3, 2021, to September 22, 2021, to within September 23, 2021.
- Extension of deadline for tax return filing and tax payment on half-year personal income tax for the tax year 2021 (PND. 94) from within 8 October 2021 to within 30 December 2021.
Legal Insight Vol. August 2021 of Bangkok Global Law
The PDF file can be downloaded via the link as set below.