Of the caseRevenue department Issue a notice requiring the bank to send information of interest To the Department of Revenue To the department to collect information that anyone with interest income exceeding 20,000 baht per year has to pay some taxes To solve chronic problems for more than two years , because some banks help clients avoid taxes, such as sufficient interest of 1.9 billion baht to close the new opening account
On April 20, 2019 Mr. Korn Chatikavanij Vice-leader of the Prajathiphat party President of the Democratic Party Policy Committee Private post on Facebook "Korn Chatikavanij" He stated that
Today, there are news on tax issues, interest rates on deposits. So I asked about the team's arrival at the Revenue Department. Therefore, by offering useful information
1. The most important issue is that there is still a waiver of withholding tax on the first deposit of 20,000 baht.
2. But in the past there have been cases of tax evasion when opening several banks. Thus the interest income in each bank is less than 20,000 baht and because each bank has no other banking information The account owner therefore can avoid taxes
3. The Revenue Department has issued an order for all banks to send all information to the Department and the Department will check to see if anyone owes any taxes.
4. At this time, the Revenue Department was concerned about the possibility of a problem with personal information. Therefore, you have issued a request that the account owner authorize your bank to send information to the Revenue Department. (And anyone who does not approve will forfeit the tax exemption by default)
And that is the problem because it became a burden for most people whose deposits were below the taxable threshold (ie about 4 million baht) who had an obligation to show themselves
In fact, this issue can be resolved if the Revenue Department and the National Bank can coordinate the work together. Because the Bank of Thailand already has access to information throughout the bank But because two agencies have different laws Therefore, we can not share information
Therefore, I expressed my opinion with the Revenue Department that Instead of being the burden of the account owner to notify It should be the duty of the bank to notify the owner of the account
And the Revenue Department should take a decisive step to defraud any bank with clear behavior to help large clients avoid taxation. For example, it is recommended to "close the account" when interest income is close to 20,000 baht to reopen after the tax deduction cycle
If the Revenue Department adjusts the method slightly as I propose (That understood that after acknowledging the confusion of the people The Revenue Department has already consulted the Bank Association.) In summary, most people will not be affected. But tax evasion by wealthy depositors will be more difficult.
And commercial banks will no longer be able to deny
Click to read more here !! Bending warehouse after clear head bench Suggest that customers avoid taxes, interest and savings of more than 20,000 baht.