A company can pay one-half of the estimated profits for the full accounting period. A 1.5% but not exceed 20% of the tax underpaid will be imposed if the estimated profit is lower than ultimate final profit by more than 25% without reasonable justification. A penalty 2,000 Baht will be imposed if the company fails to file the half year corporate income tax return within due time. For this year the deadline to submit the Half year income tax return will be 3 September 2013.
We have enclosed the estimated statement of income for both TWIT and JV TWSL for your review and add any other income or expenses that should be include for Half-year tax submission. This estimated statement haven’t been include the award on MWA case yet, please advise for the approach for this year.