Bangkok December 29 – The Revenue Department urges online product platforms with revenues of more than 1,000 million baht to remit revenue through the electronic revenue system.
Mr. Winit Wisetsovarnabhumi, Deputy Director General of the Revenue Department, said that after the Director General of the Revenue Department issued an announcement (dated 27 December 2023) that electronic platforms are service providers through intermediaries connecting store operators and consumers. (Does not include companies regulated by BOT or SEC) registered in Thailand. It has an income in the accounting period exceeding 1,000 million baht, submit a special account. Which shows online income information as the revenue management system has developed to support specially
Because nowadays the online product business is expanding rapidly. Facilitating local platforms in proving income. The Revenue Department has developed a system for receiving large amounts of information in electronic form, so online platform providers such as TikTok, Facebook, YouTube and Shopee must show their income through the Revenue Management System. It is effective from 1 January 2024 onwards and must be submitted within 150 days of the end of the accounting period. This is the same deadline for submitting the annual corporate income tax form (PND50). For example, if there is an accounting period that runs from January 1, 2024 to December 31, 2024, there will be a deadline. Information must be submitted around May 2025, etc.
In delivering information, it supports both e-entrepreneurs, self-delivery platforms, and the use of service providers to facilitate the matter and reduce the use of paper a lot. It also lays the foundation for the digital tax ecosystem for comprehensive and fair tax collection. Improving the level of service in the Revenue Department Focus on service, keeping the taxpayer at the center, which is truly taxpayer-centred.-515-Thai News Agency
“Reader. Infuriatingly humble coffee enthusiast. Future teen idol. Tv nerd. Explorer. Organizer. Twitter aficionado. Evil music fanatic.”