Porthos

An article from a leading business newspaper is a troll post?

Bangkokbiznews published an article about fines and penalties. It starts with a fine of 2,000 Baht and ends with 7 years in prison. Penalties for Failure to File Form PND 90/91 and Pay Tax Failure to submit the form or pay tax beyond the deadline is subject to a fine of not more than 2,000 baht in case of failure to submit the form An additional 1.5% per month of tax payable The investigating officer issued a summons and found that the form was not filed or the form was submitted but the tax was too low The penalty is a fine of not more than 2,000 baht in case of failure to submit the form 1 or 2 times the penalty of the tax payable An additional 1.5% per month of tax payable The investigating officer issued a summons and found that the intention was not to file the form to avoid paying taxes The penalty is imprisonment for not more than 1 year or a fine of not more than 200,000 baht, or both Penalty fee 2 times the tax payable An additional 1.5% per month of tax payable Deliberately making false statements/providing false evidence to avoid paying taxes The prison sentence ranges from 3 months to 7 years Fines ranging from 2,000 baht to 200,000 baht https://www.bangkokbiznews.com/news/news-update/1165969

My local 7-Eleven has recently reduced Jakob's Creek from 545 Baht to 445 Baht. About 20 % less.

They want to implement it next year. "We are currently drafting a law and will expedite the proposal of a law to create fairness. We will try to start using it in 2025,” said the Director-General of the Revenue Department. https://www.infoquest.co.th/2024/427464 This part needs to be amended in order to create fairness for taxpayers and wants to enforce it as soon as possible in the year 2025." https://www.prachachat.net/finance/news-1647438

For the evidence to claim foreign tax credit, Tax Payment Certificate issued by foreign tax authority is recommended. https://www.rd.go.th/fileadmin/user_upload/lorkhor/newspr/2024/FOREIGNERS_PAY_TAX2024.pdf (24 April 2024)

For those who are waiting for cheaper wine in a restaurant. You may have to wait a little while longer. Quote from a wine importer: "It’s not like tomorrow everybody will drop their prices by 30%. It’s going to take a long time to implement it step by step,” says Conrad, as the price changes must be reflected across the supply chain. “Maybe by the end of the year, we could see some effect.” https://www.thedrinksbusiness.com/2024/03/rocky-start-for-thailands-latest-alcohol-tax-reform/

Here is the original Thai source of this news. It was a meeting of the Deputy Finance Minister and the RD on 31 May. https://www.thansettakij.com/business/economy/597533