What is P.N.D.50 (ภ.ง.ด.50)?
P.N.D.50 is the annual corporate income tax return. A company or juristic partnership files it and pays the tax within 150 days of the last day of its accounting period.
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How P.N.D.50 (ภ.ง.ด.50) works in Thailand
The deadline comes from Section 68 of the Revenue Code. The audited financial statements are filed with the return. Tax paid with P.N.D.51 during the year is credited against the P.N.D.50 bill. AccountsOS does not submit P.N.D.50 to the Revenue Department.
Related terms
P.N.D.51 is the half-year corporate income tax return. It is filed and paid within two months after the first six months of the accounting period, usually on half of the estimated profit for the full year.
Corporate income tax (CIT, ภาษีเงินได้นิติบุคคล) is the tax a Thai company or juristic partnership pays on its net profit. The standard rate is 20%. Small companies that meet two conditions pay lower rates on the first 3 million baht of profit.
A Thai company's audited financial statements are approved by the shareholders within 4 months of year-end and filed with the Department of Business Development within 1 month of approval.
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