​On 18 Nov 2019, the Thailand related parties reporting (disclosure) form was published by the Thailand Revenue Department.

The information a Thailand corporate entity that has gross business income in excess of 200 million Baht is required to disclose in a related parties reporting (disclosure) form and file with its annual corporate tax return is as follows:

The Related Parties Reporting (Disclosure) Form

​FUNCTIONAL CURRENCY

• Whether the functional currency is Thai Baht or another currency; and
  
• If another currency, the name and the country code for the currency.
  

​PART A

Related parties operating in Thailand

For related parties operating in Thailand:

• Name of the related party;
• Tax ID Number of the related party; and
  
• Whether or not the company had engaged in any transactions with the related party.
  

Related parties not operating in Thailand

For related parties not operating in Thailand:

• Name of the related party;
• The country of the related party; and
• Whether or not the company had engaged in any transactions with the related party.

​PART B

Income derived from the related parties in Part A

For the related parties listed in Part A:

• Total amount of business income derived from the related party; and
  
• Total amount of other income derived from the related party.
  

Purchases from the related parties in Part A

For the related parties listed in Part A:

• Total amount of purchases of goods and raw materials from the related party; and
  
• Total amount of purchases of property, plant and equipment from the related party.
  

Costs paid to the related parties in Part A

For each of the related parties listed in Part A:

• Total amount of royalty fees paid to the related party;
  
• Total amount of management fees paid to the related party;
  
• Total amount of interest costs paid to the related party; and
  
• Total amount of other costs paid to the related party.
  

Loans provided to / received from the related parties in Part A

For each of the related parties listed in Part A:

• Total amount of loans provided to the related party; and
• Total amount of loans received from the related party.

​OTHER DETAILS

Other details including:

• Whether or not the company prepares consolidated financial statements;
• If so, the total amount of consolidated income;
• Whether or not the company engaged in any restructuring with a related party during the year;
• If so, the affect of the restructuring on the company's income, costs, and gross profit margin; and
• Whether or not the company engaged in any transfer of intangible assets with a related party during the year.

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