What is P.N.D.51 (ภ.ง.ด.51)?
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.
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How P.N.D.51 (ภ.ง.ด.51) works in Thailand
Some companies, such as listed companies, pay on the actual result for the first six months instead. The Revenue Department allows a 25% margin of error on the estimate and charges a surcharge beyond it, so Finn asks you before it estimates. The tax paid is credited against P.N.D.50.
Related terms
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.
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.
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