If I understand correctly, if a person receives interest income above 60,000 THB per year, they should file a tax return.
This would result in receiving a refund.
If a person does nothing, in the end, the state saves money since it doesn’t have to issue the refund.
However, if I understand correctly, theoretically, a person could receive a fine of 2,000 THB for not filing the return. I assume that, in that case, one would have to file the return, pay the 2,000 THB fine, and then receive the refund.
Is what I’m writing correct? Thank you.