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 Half-Year Report

In addition to the annual tax payment, companies subject to corporate income tax (CIT) on net profits (including those generating no profit at all) are also required to make tax prepayment in the form of a half-year report (form PND 51).

A company is obliged to estimate its annual net profit as well as its tax liability and pay half of the estimated tax amount within two months after the end of the first six months of its accounting period. The prepaid tax is creditable against its annual tax liability.


: 9 + 15 =


Example: If a company’s accounting period ends at the end of the calendar year (i.e. December 31) the first six fiscal months are January through June. The company’s half-year report will then be due within two months after June, that is to say by the end of August.

Mahanakorn Partners can take responsibility for crafting and submitting your company’s half year report along with your tax payments.

Can We Help?

Our lawyers, accountants and business consultants will be glad to discuss your needs and answer any questions you may have.


: 13 + 7 =