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.
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.
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.
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.