<Monetary threshold for LF preparation>

• Applicable if annual revenue is THB 200 million or more.

• Transfer pricing disclosure form on related party transactions must be submitted with corporate income tax return.

• Local file must be submitted upon request from the Thai Revenue Department.

<Preparation deadline>

• Not applicable

<Submission deadline>

• Within 60 days of a request by the tax authority (or within 180 days for the first request).

<Language>

• Thai language

<Penalty>

• A fine not exceeding THB 200,000 may be imposed for non-compliance.

  • Reference: Section 71 Bis and Section 71 Ter（Thai language）