More actions being taken to help small and medium businesses during Covid19 crisis in Thailand

BANGKOK(NNT) – To ease the impact of the coronavirus disease 2019 (COVID-19) on the business sector in Thailand, the Revenue Department has extended personal income tax filing to August 31, 2020, while the Office of the Insurance Commission has resolved to postpone payment of car insurance premiums for six months. As for entrepreneurs, particularly small and medium-sized enterprise (SME) operators, they are allowed to suspend loan payments for up to 12 months.

Debt-ridden SME operators, who have not been prosecuted by financial institutions before February 29, can register to receive assistance at any branch of the SME Development Bank from April 10 to June 30.

Interested entrepreneurs are required to provide a statement on their intention to have their loan payments suspended and explain how the current situation is affecting their businesses. They can also request additional assistance, in marketing, finance and manufacturing.

The Revenue Department has extended personal income tax filing (Por Ngor Dor 90 and 91 forms) to August 31 this year, from the previous deadline of March 31.

The department has invited taxpayers to file their personal income taxes via its e-Filing system or the RD Smart Tax mobile application, so they don’t have to submit their documents at its offices. For more information, please contact the Revenue Department’s call center at 1161, or visit any of the department’s offices nationwide.

The Office of the Insurance Commission has resolved to postpone car insurance payments for six months. The measure applies to vehicles from the third to fifth groups with vehicle insurance policies.

The deadline for contributions to life and non-life insurance companies has been extended from April 30 in the first quarter to June 30, from July 30 in the second quarter to September 30 and from October 30 in the third quarter to December 30, in an effort to ease the impact of COVID-19.

Source: National News Bureau of Thailand

Adam Judd
Mr. Adam Judd is the Co-owner of TPN Media since December 2017. He is originally from Washington D.C., America, but has also lived in Dallas, Sarasota, and Portsmouth. His background is in retail sales, HR, and operations management, and has written about news and Thailand for many years. He has lived in Pattaya for over nine years as a full-time resident, is well known locally and been visiting the country as a regular visitor for over a decade. His full contact information, including office contact information, can be found on our Contact Us page below. Stories please e-mail About Us: Contact Us: