Application form for a good or registered exporter

Recently, the Revenue Department announced that it would cancel the existing application form for requesting to be classified as a good exporter (Form SorDor 1) and the existing application form to be classified as a registered exporter (Form SorTor. 1), and would merge those two application forms into a single form to be called, “Application form for being classified as a good exporter or registered exporter” (Form SorOr. 1).

Keywords: Mazars, Thailand, Tax, Revenue Department, Royal Decree, COVID-19, Ministry of Digital Finance, Authorized Economic Operator, VAT

12 October 2021

Under the draft Royal Decree, a company or legal partnership can claim a tax deduction of 1.5 times (1 time as a normal deduction and 0.5 times as an additional deduction) the price for the purchase of COVID-19 test kits (antigen test kits) for its employees. This is to support business operators procuring COVID-19 test kits (antigen test kits) that meet the safety standards prescribed by the Ministry of Public Health for regular testing of their employees.

This shall be effective from the date of approval by the Cabinet until 31 March 2022.

This is to facilitate the submission of the application form and is in line with the plan for the Ministry of Finance to become the Ministry of Digital Finance (Digital MOF) which will improve the efficiency of the provision of services.

The new application form became available for use on 15 September 2021. The application form can be submitted through one of the following methods:

1. Submission by paper at a Revenue Area Office or Large Business Tax Administration Division

2. Online submission through the Revenue Department’s website

The conditions, qualifications, and privileges of being a good exporter or registered exporter as set out in Departmental Regulation No. Tor.490/2562, as amended by Departmental Regulation No. Tor. 366/2564 of the Revenue Code, are presented below.

Qualifications of an applicant

Good exporter	Registered exporter
It is a limited company or a public limited company which is a VAT registrant.	It is a limited company, a public limited company, a legal partnership, or an individual that is a VAT registrant.
It has paid-up registered capital of 10 million baht or more, except for an Authorized Economic Operator (“AEO”).	-
It has exported goods for the 12-month period prior to submitting an application of 70% or more of total sales, or 50% or more for an AEO.	It has exported goods for the 12-month period prior to submitting an application of 50% or more of total sales.
It has conducted business for at least 3 accounting periods/tax years.
It exhibits stability, continuity, and credibility in business, and owns real estate, such as land, buildings, or factories.
Its net assets were greater than its net liabilities for the last accounting period before submitting an application.
It has a good tax history, and pays taxes in accordance with the actual business conducted, and has not sought to evade tax.
It is a member of an association or private organization (in trade), such as the Federation of Thai Industries, the Board of Trade of Thailand, the Thai Chamber of Commerce, or the Provincial Chamber of Commerce, or is an entrepreneur in an industrial estate, and such agencies certify that the business is operating normally, and that there is no indication of a lack of financial credibility or insolvency.

Conditions

To be classified as a good exporter and registered exporter, the following conditions must be met:

The applicant shall request that VAT refunds be deposited into its bank account.
If there are several places of business, the applicant shall obtain approval to file VAT returns and pay VAT together at one place of business.
The auditor or tax auditor that certifies the financial statements for the accounting period for which the application is submitted must be appointed by a resolution of the shareholders' meeting, and must comply with the rules and conditions set out in Section 3 septem of the Revenue Code.

Privileges

Business operators who are classified as good exporters or registered exporters will receive VAT refunds faster, as detailed below:

Good exporter	Registered exporter
If Form Por.Phor. 30 is filed electronically, the tax refund will be received within 15 days of the filing date.	If Form Por.Phor. 30 is filed electronically, the tax refund will be received within 30 days of the filing date.
If Form Por.Phor. 30 is filed at the Revenue Area Branch Office, the tax refund will be received within 45 days of the filing date.	If Form Por.Phor. 30 is filed at the Revenue Area Branch Office, the tax refund will be received within 60 days of the filing date.
This privilege shall be effective for a period of 2 years from the approved tax month, and can be extended for another 2 years.