Be careful, tax avoidance has penalty

Everyone may have heard that if the income reaches the tax payment threshold, there is a tax return that should be filed, right? Have you ever wondered what will happen if you do not pay the full amount of tax, late tax filing, or do not file tax at all? ACU PAY will give a detailed account of the fines and criminal penalties if you don’t pay your taxes on time.

What will happen if you do not pay taxes?

1. In case of late payment: Pay an additional 1.5 % of the tax amount that you have to pay (a fraction of a month is considered a month) from the expiration of the filing period to the tax payment date.

2. In the case of issuing a summons, it appears that you did not file a tax return or submit a tax return but the tax was paid short or lower: Not only will they be liable for an additional 1.5 % per month (a fraction of a month is considered a month), but they will also be liable to pay 1 time or twice the tax payable. In this case, the amount may be reduced or refrained according to the regulations set by the Director General and approved by the Minister.

3. In the case of not submitting a tax return, P.N.D. 90, 91, or 94, within the time limit: Be punished by a criminal fine of not more than 2,000 baht

4. The case of intentionally reporting false statements or displaying false evidence or fraud to avoid or try to avoid taxation: There is a punishment of imprisonment for 3 months up to 7 years and a fine of 2,000 baht up to 200,000 baht.

5. In case of intentional neglect in tax filing to avoid taxation: A fine of not more than 200,000 baht or imprisonment for up to one year or both.

Could we not file taxation even though we have income?

This can be done in case income meets one of the following conditions:

  • There is only one regular salary channel with a salary not exceeding 120,000 baht per year or 10,000 baht per month.
  • Other income does not exceed 60,000 baht or 5,000 baht per month throughout the year.
  • If a marriage is registered and both have one-way income, the total of the combined salary does not exceed 220,000 baht for the whole year.
  • Married registered, but both have other income with a total annual income of not more than 120,000 baht or approximately 10,000 baht per month.
  • Earn income from dividends of mutual funds and exercise the right to allow withholding tax to be the last tax payment.
  • Income from bank interest, partner interest, debentures interest, discount bonds, gains from selling debt instruments, dividends of stock companies, and then exercising the right to allow withholding tax to be the last tax payment.
  • The proceeds from the sale of real estate acquired by other non-profit organizations will be used to allow withholding tax to be the last tax payment.
  • Earn income from the sale of inherited property or someone gave it to you, and then exercise the right to allow withholding tax to be the last tax payment.

If you do not meet these conditions, you should file a tax payment correctly. If you are afraid of paying back taxes, what should be done?

  • Check back tax items, especially the income of each year, how much money is entered into the account that is part of the income to be shown to the Revenue Department.
  • If the amount exceeds 1.8 million baht, the VAT (value-added tax) must be registered every month, including two rounds of income tax, which are mid-year and year-end.

What to do to not pay back taxes?

1. File taxes annually

Tax filing should be filed every year and the business income documents should be checked correctly and completed before tax filing so that no problems can arise later. You can use the tax reduction right or fund purchase can be used to get a refund.

2. Do monthly account

Accounting for revenue and expenditure not only allows us to know our spending but it can also be stored as evidence of income to use for tax filing each year. Some people have extra income other than salary, so they have to file taxes as well.

3. Keep up with the news about taxes

Tax news should be kept up to date because tax filings are always subject to new conditions, so everyone should keep a close eye on tax news as it may be useful for tax cuts. You can check the details here.

Tax penalties for tax avoidance range from fines to imprisonment. Taxes should not be overlooked, so we should plan to calculate taxes early every year to prevent possible back tax penalties that will happen without us knowing.

Thanks to the Revenue Department for the information.



เพื่อนๆ สามารถติดตาม ACU PAY Thailand ผ่านช่องทางการติดตามอื่นๆ ได้ที่