Announcement 28/2020, April 28, 2020
The Revenue Department, along with the Bank of Thailand, Thai Bankers’ Association, and the International Banking Association, now supports digital transactions and will provide corporate income tax returns through the PromptPay system beginning May 1, 2020.
Mrs. Sommai Siriudonset, Strategic Tax Consultant (Energy Business Group), as spokesman for the Revenue Department, revealed that “using the PromptPay system will be another way for taxpayers to request a refund, in addition to receiving checks or receiving bank transfers. This service is available for juristic persons with the following qualifications;
1. It is a juristic person which has registered for PromptPay;
2. It has tax returns of less than 100 million baht;
3. It has not changed the status of its juristic person.
For juristic persons that meet all qualifications and have applied for the PromptPay registration, the Revenue Department will consider issuing tax refunds to the bank account linked to the company’s 13-digit corporate registration number. For other juristic persons that do not meet the above qualifications, the Revenue Department will still issue returns via check or via bank account transfer. The goal of this program is to change the form of corporate income tax returns by using the PromptPay system to support the national e-Payment policy, reduce transaction costs for both public and private sectors, and provide a more convenient and safe service. In order to register for PromptPay, you only have to prepare the necessary documents and contact the bank that your company has an account with.”
The Revenue Department spokesman added that “using the PromptPay system to refund taxpayers is a more convenient and safe method, especially during the COVID-19 outbreak, and hope that it will encourage everyone to socially distance and stay at home.”
Announcement 29/2020, May 9, 2020
As it fights COVID-19 and prepares for the New Normal era, the Revenue Department will promote tax literacy and provide tax knowledge online by holding a seminar called “Tax Station” on platforms such as Facebook, Twitter, and Youtube. The first episode, “Booting SMEs,” will begin on May 7, 2020.
Mrs. Sommai Siriudonset, Strategic Tax Consultant (Energy Business Group), announced that “this new service by the Revenue Department focuses on providing tax knowledge to entrepreneurs and taxpayers by collecting knowledge from partner agencies that will help entrepreneurs or taxpayers have good and stable economic opportunities. The first episode, “Booting SMEs,” will begin May 7, 2020 at 10.00 – 11.30 am via Facebook, Twitter and Youtube, free of charge. For this livestream, the Revenue Department has collaborated with SME Development Bank to prepare content regarding tax incentives for SMEs, information on how to create a single account to access funding sources, and information on benefits sponsored by the SME Development Bank. The livestream will be held by a team of expert speakers from the Revenue Department: Khun Rangsan Luangmuang (Legal Officer, Senior Professional Level), Khun Sirichai Thongdee (Accounting Analyst, Senior Professional Level), and Khun Nonglak Nilawongsanuwat (Senior Director of SME Development Bank of the Phahonyothin Office).”
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