Information for New Salaryman about Online Tax Filing 2022 ( In 2023 Taxable Year)

There are a few months to countdown for Online Tax Filing! For those who have just started working and have no idea about Online Tax Filing, don’t worry, ACU will inform you about it. To be honest, it is not hard and complicated. You can follow our instructure step by step. Let’s get started.

Why do we have to do Tax Filing?

Tax Filing is a part of the policy in Revenue Laws. This can be information for the Government to collect about the individual income in order to plan an economic plan and make policy. Moreover, it can be a proof for individuals to file a transaction in the future. If you do not file a tax within a given taxable year, it will cost an additional 1.5 percent a month. If you do not file a tax at all, there will be a criminal fine not exceeding 2,000 baht or both imprisonment and fines.

Documents for Online Tax Filing.

1.Withholding tax certificate: This document shows all income in a year including salary, Social Securities fund and other provident funds. This document can be issued from the employer. If you work for more than 1 place in any month, you can ask for this document from the old company to be summed up with the new one in order to file the tax.

2.A Year-Round Tax Allowance Document: For example, Child Allowance, Parental Care Allowance, Life Insurance Premium Allowance Funds Allowance and Charitable Donation Allowance.

What is the minimum salary to pay Tax?

Most people are still confused whether they have to pay tax or not. If the salary does not reach the minimum rate of Tax Paying, do they have to file a tax return? Well, no matter how much their salary is, if it reaches the minimum rate to pay or if they have a tax exemption, everyone has to do Tax Filing. Here is information about Tax rate.

Gross salary for 1 year does not exceed 150,000 Baht get the Tax Exemption
Gross salary for 1 year is from 150,001 to 300,000 Baht have to pay a 5% Tax rate
Gross salary for 1 year is from 300,001 to 500,000 Baht have to pay a 10% Tax rate
Gross salary for 1 year is from 500,001 to 750,000 Baht have to pay a 15% Tax rate
Gross salary for 1 year is from 750,001 to 1,000,000 Baht have to pay a 20% Tax rate
Gross salary for 1 year is from 1,00,001 to 2,000,000 Baht have to pay a 25% Tax rate
Gross salary for 1 year is from 2,000,001 to 5,000,000 Baht have to pay a 30% Tax rate
Gross salary for 1 year is from 5,000,001 and beyond have to pay a 35% Tax rate

Steps for Online Tax Filing

Go to https://efiling.rd.go.th/rd-cms/ then choose online filing.
For those who have not registered, register first and follow the instructions shown in the website.
After clicking Online Filing, it will lead to Log in. Fill in the ID Number and password.
Fill in your mobile number and wait for the OTP password to verify identity before entering the website.
On the Individual Income Tax page, select to file tax with attachment P.N.D 90/91. It will show the details of the tax return, check the validity of the information then click the next button.
Fill out the document with the information from the Withholding tax certificate.
General salary employees can select the Section 40(1) click next after finishing filling out the document.
Fill out the tax allowance form, if you do not have any, click the next button.
Check the information calculated by the system about income tax and tax allowance. If you have paid tax before, it will show the net tax amount and the overpaid tax amount.
In the net tax amount and the overpaid tax amount section, you can select whether you want a tax refund or not. Also, you can choose to donate it to a political party.
After finishing filling out the document, you can select print, save or confirm the Tax Filing.