Stores rejecting Thailand’s co-payment scheme fearing back taxes

[webfact]

 

Several eateries and stores have put up signs, saying that they do not accept payment via the Government’s 50:50 co-payment stimulus scheme because they are afraid that revenue officials may demand back taxes.

 

Rangsiphan Poonphan, a shopkeeper at a market behind the Finance Ministry, told Thai PBS that she is worried that she may have to pay more tax, after she learned that several stores had started refusing payments under the co-payment program, although she admitted that the scheme has boosted her sales.

 

Some stores in the Pracha Chuen and Phahonyothin areas claimed that the taxmen had demanded back taxes from them, amounting to tens of thousands baht.

 

Full story: https://www.thaipbsworld.com/stores-rejecting-thailands-co-payment-scheme-fearing-back-taxes/

 

-- © Copyright Thai PBS 2022-02-07

 

- Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

- Follow ASEAN NOW on LINE for breaking COVID-19 updates

 

 

[Pouatchee]

Co-payment scheme... money printing at its best. Taxes? Highway robbery at its best.

[law ling]

Interesting: if a business joins the scheme: it thereby also makes its existence know to the authorities - and the tax man will then come knocking at your door with their hand out. A catch-22 situation.

[The Old Bull]

Beware of politicians bearing gifts.

[hotchilli]

Tax...omg what's that?

[mikebell]

Thai commerce is admitting that it is 50% black market.   All those bills will never be entered in audited accounts.

[Confuscious]

Every Thai shop who accepted the 50/50 scheme deserves what is coming to them.
By joining this scheme, they admit that they are running a business and the taxman will have no problem to go back to when they started business but never declared any income.
When will they learn that the Government is not giving anything for free?

[shady86]

Those shops selling well don't join this scheme. Only the ones waiting for handful of customers join.