BANGKOK, 24 April 2012 – The Revenue Department has instructed all of its branches across the country to be aware of companies, which were not affected by flood, filing tax returns as flood victims to get special privileges.
After a meeting with representatives of the Revenue Department across the country, Revenue Department Director-General Satit Rangkasiri revealed that the department has for the first six months of this year collected over 600 billion baht of revenue, a 10.6% increase year-on-year; despite the country having faced with the flood crisis.
He said the tax collection is on a rise after the economy has shown good signs and car sales have increased. He expected the revenue collection this year to reach the target set.
As for next month, the time juristic persons across Thailand will have to file their corporate income tax returns, Mr Satit urged all of the officials to be aware of companies willfully filing false information claiming to be flood victims in order to get tax deduction.
Additionally, Mr Satit said the department will expand its tax base, closing loopholes for companies to evade taxes. E-commerce and trades on the internet will also be taxed. He added the department will propose to the Finance Ministry to allow husband and wife to separately file their tax returns.
