Page 105 - Introduction to Investment Laws in Thailand

partnership incorporated under Thai law which are subject to tax are 1)
Limited company, 2) public company limited, 3) limited partnership, and
4) registered partnership. Foreign companies subjected to tax in Thailand
are the following:
1) "A company or juristic partnership incorporated
under foreign laws and carrying on the business in
Thailand.
2) A company or juristic partnership incorporated under
foreign laws and carrying on the business in other
places, including Thailand.
3) A company or juristic partnership incorporated under
foreign laws and carrying on the business in other
places, including Thailand, in case of carrying goods
or passengers.
4) A company or juristic partnership incorporated under
foreign laws has an employee, an agent, or a go-
between for carrying on the business in Thailand and
receives income or profits in Thailand.
5) A company or juristic partnership incorporated under
foreign laws and not carrying on the business in
Thailand but receiving assessable income under
133
Section 40 of the Revenue Code"
The Thai and foreign juristic persons that operate a business in
Thailand are subjected to tax carrying under an obligation of revue code
and have to file their tax returns (Por Ngo Dor 51-ภ.ง.ด. 50) within 150 days
134
before the closing date of their accounting periods. The foreign
company not carrying on the business in Thailand is subject to tax at a flat
rate and has to submit a tax form (Por Ngo Dor 51-ภ.ง.ด. 54) within seven

133 Revenue Department Thailand, 2021, Corporate Tax,
https://www.rd.go.th/english/6044.html
134 Revenue Department, 2021, Forms and Date for Tax
Submission,<https://www.rd.go.th/publish/fileadmin/user_upload/porkor/pp.pdf
>

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