Specific Business Tax Obligations

     The specific business tax obligors are those conducting business activities that are liable to specific business tax, regardless of the form in which such businesses are conducted.

For businesses that need to pay specific business tax, it is necessary to file a specific business tax return with the Revenue Department. The process is not complicated, as follows:

• Entities liable to file a specific business tax return include:
  
  • Individuals conducting business activities that are subject to specific business tax, where such activities are not exempted from the tax.
  • Representatives responsible for conducting business activities in the Kingdom on behalf of businesses outside of the Kingdom.
  • Employees, agents, or persons acting on behalf of those with direct or implied authority in the Kingdom on behalf of businesses located outside of the Kingdom.
• Applicable forms:
  The form prescribed by the Director-General of the Revenue Department for filing a specific business tax return is Form Por.Thor.40.
• Reporting obligations:
  Business operators subject to specific business tax must prepare reports showing revenue before deducting expenses subject to tax, and income that need not be included in the calculation of the tax. Such reports should be prepared according to the form prescribed by the Director-General of the Revenue Department, organized by each business location. The reports should be completed within 3 business days from the date of revenue realization, unless otherwise directed by the Director-General for certain types of businesses or in special circumstances.
• Record-keeping obligations:
  Business operators liable to pay specific business tax must store and maintain reports along with accompanying documents, or documents specified by the Director-General, at the location where the report is prepared or at any other place designated by the Director-General, for a period not less than 5 years from the date of filing the tax return or the date of preparing the report, as the case may be.
• Receipt issuance obligations:
  Business operators subject to specific business tax, who receive money or payment for the sale of goods or services or from conducting business, must issue receipts to the payor whenever they receive money or payment exceeding 100 baht each time, regardless of whether there is a request to issue a receipt or not.

Data updated on November 16, 2020

Source: The Revenue Department, 90 Phaholyothin 7, Phayathai, Phayathai, Bangkok 10400

Tel. +66 2272 8000

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