7 steps for filing corporate taxes! Easy-to-understand version

7 steps for filing corporate taxes! Easy-to-understand version

Corporate taxes are an important part of running a business. This is because it helps fund public services and infrastructure. If anyone still doesn't know What is corporate tax? You can click the link to understand first. Calculating and filing corporate taxes can be a complex and difficult task for many entrepreneurs. And in this article We will provide step-by-step instructions on how to calculate and file corporate taxes. This is to ensure compliance with legal requirements and enhance your corporate tax filings.

Step 1: Understand tax laws and regulations

Before you start calculating corporate tax for filing corporate taxes, It is important to familiarize yourself with the tax laws and regulations in your country or region. Tax laws may differ. And it's important to stay updated on any changes that could affect your taxes. If you don't have time to consult Tax Expert is another widely used method. In addition to providing comfort And there is always accurate and updated information.

Step 2: Gather financial information

To calculate your corporate tax You will need to collect all relevant financial information. Including income statement, balance sheet, and profit and loss statement. Make sure your financial records are accurate, complete, and current.

Step 3: Determine Taxable Income

Once you have compiled your financial information You must determine your taxable income. Taxable income is calculated by subtracting allowable deductions and exemptions from your gross business income. These deductions can include expenses such as salary, rent, and utilities. and business related purchases You can consult your tax advisor to determine which deductions and exemptions are applicable to your business.

The tax base that will be used to calculate corporate tax will come from 4 sources as follows:

  • net profit
  • Total income before deducting expenses
  • Income paid from or in Thailand
  • Selling profits out of Thailand

Step 4: Calculate corporate tax

After determining the taxable income Now you can calculate your corporate tax. Corporate tax rates can vary depending on the business structure.

Corporate tax rate

  • Net profit not exceeding 300,000 baht: exempt from corporate tax.
  • Net profit over 300,000 baht but not over 3,000,000 baht: 15%
  • Net profit over 3,000,000 baht or more: 20%

Step 5: Consider Tax Credits

Many jurisdictions offer tax credits to businesses to promote economic growth and investment. These can help reduce your overall tax burden or provide other financial benefits. You can consult with Tax Professionals or government resources for information about tax credits.

Step 6: Fill out the tax form

Once you have calculated your corporate tax liability It's time to fill out the necessary tax forms. These forms may vary depending on your jurisdiction. Make sure you fill out all required fields correctly and completely, providing the requested financial information and supporting documents.

Step 7: Submit your tax return

After completing the tax form Check carefully to ensure accuracy and compliance. Attach the required supporting documents and submit the tax return to the appropriate tax authority within the specified deadline. We recommend keeping a copy of your tax return and supporting documents for your records.

Place to submit tax forms

  • In Bangkok area, submit at the Area Revenue Branch Office. (former District/District Revenue Department) in the area where the head office is located
  • In other provinces, submit at the district office or local sub-district where the head office is located. In the case that the District Revenue Office is not located at the District Office, the application must be submitted at the District Revenue Office.

Note Filing of tax returns P.N.D.50, P.N.D.51, P.N.D.53 and P.N.D.54 can be submitted through the website of The Revenue Department can.

By FDI Accounting & Advisory Provides tax planning services including corporate tax filing. By experts with experience and knowledge More than 25 years of expertise helping to make your tax matters easy. Ready to provide knowledge about what corporate tax is to help with tax planning. Legal entity in order for customers to save maximum costs, reduce conditions, and help increase financial stability. We provide Monthly service and annual service Whether it is accounting. Monthly financial statements Submit monthly taxes in forms P.N.D. 3, 53, 54 and P.P. 30, 36. We also provide account closing services, financial preparation, and others. You can check and request our services. here No cost


FDI Accounting & Advisory Total Business Consulting Service, Completely comprehensive all-in-one place!

📞 Phone : 02 626 5999

📧 E-mail : infojob@fdi.co.th

🌐 www.fdi.co.th

Related Articles

5 Checklist สำคัญสำหรับการ ทำภาษี !

5 Checklist! Important for doing taxes

ช่วงปลายปีใกล้เข้ามาแล้ว หลายคนคงเริ่มวุ่นวายกับการเตรียมตัวสำหรับการ ทำภาษี...

Read More