10.6 million income tax forms submitted so far

About 10.6 million income tax forms have been submitted to the Revenue Department by individual taxpayers from January 1 until April 9 and, of these, 3.6 million forms ask for tax refund, said department head Prasong Poonthanet on Monday.

Of the 10.6 million income tax forms submitted, 8.9 million forms were submitted through the Internet while the rest personally. Altogether 16 million baht extra income tax were paid.

Taxpaymers can still submit income tax forms through the Internet today for the last day after which they will have to submit the forms personally at revenue offices.

Mr Prasong disclosed that the department had refunded 70 percent of the requested tax refund through Prompt Pay system. He said if taxpayers had applied for Prompt Pay system, the department would wire tax refund right into their bank accounts without the need to send cheques and would save costs.

Taxpayers with Prompt Pay registration will get their tax refunds within 45 days as legally prescribed.

Those who fail to submit income tax forms within the deadline will be fined 2,000 baht plus 1.5 percent extra pay per month of the amount of tax due.

Source: Thai Public Broadcasting Service (Thai PBS)

Post Author: thailandmirror.com