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Thailand: Tax developments in response to COVID-19

General Information

This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).

The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.

Date accurate as of: 8 July 2020

Business Income Tax

  • WHT imposed on payment for services, hire of work, certain commissions, and professional fees will be reduced from 3% to 1.5% for the payments made from April 1, 2020 to September 30, 2020. The WHT will subsequently be reduced to 2% from October 1, 2020 to December 31, 2021 if the payment is made via the e-WHT system.
  • Eligible small and medium enterprises (SMEs) can claim a 150% deduction for interest expenses incurred during the period of 1 April 2020 to 31 December 2020 on loans obtained under a funding initiative to provide THB 150 billion in soft loans to SMEs with an interest rate of 2% for the first two years
  • SMEs employers who meet certain requirements can deduct 300% of eligible salary costs that do not exceed THB 15,000 per month per employee paid to employees in the period from April 2020 to July 2020 for corporate income tax purposes.


  • VAT payers participating in the “good exporter” program will receive VAT refunds faster than usual. VAT refunds will be granted within 15 days (compared to a normal 30-day period) if VAT returns are filed via an e-filing system and within 45 days (compared to a normal 60- day period) for paper filings.

Additional Information

Filing/Payment Deadline Extension

  • The filing deadline for individual income tax returns (form PND.90/91) is extended from March 31, 2020 (or April 8, 2020 for e-filings) to 31 August 2020.
  • Corporate Tax PND.50 filing extended from 1 April 2020 – 30 August 2020 to 31 Augustus 2020 and PND.51 from 1 April 2020 - 30 September 2020 to 30 September 2020.
  • VAT, SBT and WHT filings for tax months of March to August 2020 are extended for all business operators to the end of the following month for e-filing. 
  • Excise tax filing extension for entrepreneurs within Oil and Gas industry, including retail, to conduct tax filing within the 15th of the month after products are transferred out of factories. The extension covers from April to June 2020.
  • Excise tax filing extension for businesses in entertainment industry (nightclub, disco tech, pub, bar, cocktail lounge, extensively to restaurants with live music and closing time after 24:00, bathing houses and massage, and other related businesses such as horse gambling and golf club) to conduct tax filing within 15 Jul 2020.

Additional Information

Personal Income Tax

  • Tax deduction for health insurance from 15,000 to 25,000 for the 2020 tax year onwards. However, the total deduction combined with life insurance premiums and life insurance savings must not exceed THB 100,000.
  • Tax exemption for medical personnel on income received as compensation for the risk associated with COVID-19 in the 2020 tax year.

Additional information regarding employment-related measures, economic stimulus measures and other measures.