Understanding P.N.D. 1Kor: A Core Element in Personal Income Tax Filing for Companies :

Whether you're a business owner, executive, or HR personnel, understanding various tax forms is essential. One particularly important document directly tied to payroll and employee tax management is P.N.D. 1Kor. While many may have heard of it, not everyone is clear on what it entails.

This article will guide you through the ins and outs of P.N.D. 1Kor, helping you gain a deeper understanding of its purpose and usage. By doing so, you'll ensure that your company’s tax administration is accurate, compliant, and smooth.

What is P.N.D. 1Kor?

P.N.D. 1Kor stands for “Form for Reporting Summary of Assessable Income Payments Subject to Withholding Tax.” It is a mandatory form that employers must submit to the Revenue Department of Thailand.

This form provides a summary of assessable income paid to employees (such as salaries, wages, bonuses, allowances, and overtime) and the corresponding withholding tax that has been deducted throughout the previous tax year.

In simple terms, P.N.D. 1Kor serves as a "yearly summary report" showing how much each employee received from January 1 to December 31, and how much tax was withheld and remitted to the Revenue Department on their behalf.

The Importance of P.N.D. 1Kor 

 P.N.D. 1Kor is important for both employers and employees:

        1. For Employers:

            a. Legal Compliance Evidence
Shows that the employer has complied with tax laws by properly withholding and remitting taxes to the Revenue Department.

            b. Personnel Management Data
Serves as essential information for managing the company's personnel expenses effectively.

            c. Avoiding Penalties and Surcharges
Filing the P.N.D. 1Kor accurately and on time helps employers avoid fines or additional charges from the Revenue Department.

         2. For Employees:

              a. Annual Tax Filing Support

Employees can use the information from the P.N.D. 1Kor and the withholding tax certificate (P.N.D. 91) provided by the employer to file their annual personal income tax return (P.N.D. 90/91), calculate the actual tax payable, or request a refund for any excess tax withheld.

             b. Transparency
Helps employees verify the accuracy of their withheld tax, ensuring transparency and trust in the payroll process.

Who is responsible for submitting the P.N.D. 1Kor?

Every employer, whether an individual or a legal entity, who pays assessable income subject to withholding tax to one or more employees or service recipients, is responsible for preparing and submitting the P.N.D. 1Kor form.

Deadline for submitting P.N.D. 1Kor 

Employers are required to submit P.N.D. 1Kor once a year with the following deadlines:

Example: For assessable income paid in the 2025 tax year (January – December 2025), employers must submit P.N.D. 1Kor by February 28, 2026 (or by March 8, 2026 if submitting online). 

Things to Watch Out For and Check When Preparing P.N.D. 1Kor

To ensure the accurate preparation and submission of P.N.D. 1Kor, employers should carefully review the following key points:

1. Accuracy of employee information: Ensure the employee's full name, taxpayer identification number (such as ID card number), and address are correct and match official records.

2. Total assessable income: Verify the total amount of salary, wages, bonuses, and other income paid to each employee throughout the year is accurate.

3. Withholding tax amount: Check that the total tax withheld and remitted to the Revenue Department for each employee is correct.

4. Deduction information: If withholding tax calculations involve employee deductions, confirm that this information is accurate and up-to-date.

5. Tax remittance: Ensure that the withholding tax payments submitted through the monthly P.N.D. 1 forms are complete and reconcile correctly with the totals reported in the annual P.N.D. 1Kor summary.

Summary:

P.N.D. 1Kor is not just a regular form but an important document that connects employers, employees, and the Revenue Department. Understanding and properly complying with its requirements helps ensure efficient tax management, reduces the risk of audits, and builds confidence for both the organization and employees that their tax rights and obligations are accurately and fully handled.

 Source : www.rd.go.th