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Thailand: Penalty relief for transfer pricing disclosure forms, if e-filed by 30 December 2020

Thailand: Transfer pricing disclosure forms

The Thai Revenue Department announced a reduction of the penalty amount for late submissions of the transfer pricing “disclosure form.” The reduced penalty is a relief measure provided taxpayers that have been economically affected by the coronavirus (COVID-19) pandemic.


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The penalty—reduced from THB 200,000 to THB 5,000—is available for disclosure forms that electronically filed (e-filed) by 30 December 2020.

The transfer pricing disclosure from was originally due 31 August 2020.

Also, to assist taxpayers in e-filing the disclosure form, the tax authorities introduced an online channel or portal that allows taxpayers to upload the disclosure form in an Excel format. 

Read a 2020 report prepared by the KPMG member firm in Thailand

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