Tax matters that cafe businesses need to know!

For anyone who thinks “taxes” are difficult, try to think it again. Because taxes are easier than you think. If you run a cafe or restaurant, tax matters are an important basic skill you should know. Because if you can understand it, you can easily manage your tax matters. ACU PAY will summarize information about ‘tax’ that café operators need to know! Let’s see.

1. Do all cafe operators have to pay tax?

We must first understand that taxes are something we all have to pay. All occupations may be subject to direct taxation, such as personal income tax and corporate income tax. or indirect taxes such as value-added tax, etc.

    For people with income, personal income tax is required. The criteria of the Revenue Department is that if the income exceeds 150,000 baht per year, there is a chance to pay additional taxes. Because we can bring in additional expenses as allowance. Sometimes they may not have to pay additional taxes.

Filing a tax audit report twice a year.

    No. 1 PND. 94 (mid-year tax) filed within September, can be filed in person at the Revenue Offices nationwide. or submit online at www.rd.go.th (Online filing is permitted until early October.)

    No. 2 PND. 90, filed in March of the following year. You can file in person at the revenue offices nationwide or file online at the website. (They will be entitled to extend the tax filing period for another 8 days).

    If my income is less than 150,000 baht per year, do I have to file it? The answer is yes, you have to do it. The Revenue Department will keep the income history. But we don’t have to pay taxes.

2. It's a small shop. Do I have to file taxes? If not, will there be any effect?

    No matter whether the shop is small or big, the income is more or less. have to file taxes every year, but will have to pay more or not, that’s another matter. And for stores that earn more than 1,800,000 baht per year, they must register for value-added tax (Vat 7%) within 30 days and must file a PP. 30 tax within the 15th day of the next monthly cycle.

3. As for shops that have never filed before, should they submit? Or leave it?

    For a shop that has never filed before, if the income does not reach the specified threshold, it will not be a problem. However, if the Revenue Department has examined and found that the annual income exceeds the limit, it may be charged retroactively according to the regulations. And avoiding or not filing at all is not a good solution either. Because the longer it takes, if the Revenue Department finds it, it may be charged with a fine.

In summary, every restaurant owner must file a tax audit. But whether they pay additional taxes or not, it depends on the calculation of income, expenses, and tax allowance of each person. Pay more or less depending on the person, or not have to pay at all.

4. Do I have to pay tax when participating in delivery?

    For restaurants that have both a storefront and a delivery service, when filing a tax audit, the income from both channels must be combined. The Revenue Department will have a database of delivery stores. including monthly income from the delivery platform. As a result, whether you open a storefront or only sell through app delivery, you must file taxes every year.

    At first, it may be difficult to try to understand the tax filing and taxpaying of the restaurant owner. But no matter what occupation, it is necessary to file taxes and pay personal income tax in the event that income reaches the threshold.

Learn about personal income taxes and how to calculate them at iTax

Follow up on tax news from the Revenue Department at www.rd.go.th