Get to know the lump sum tax payer
Get to know the lump sum tax payer
What is the lump sum tax and how is it calculated?
Lump sum tax is a tax on income other than salary. By multiplying that money without deducting expenses by 0.5 percent. The advantage of filing taxes like this is because it's easy to calculate taxes. No need to collect evidence to cause headaches. It is suitable for those who sell online. For example, Mr. A sells clothes online for 500,000 baht when the lump sum tax is calculated by multiplying all income by 0.5 percent.
Flat rate tax = total income x 0.5 percent
Mr. A will receive a lump sum tax for only 2,500 baht. You see, the calculation method is not difficult at all. Plus, it's a way of thinking that costs less money than paying ordinary taxes. Anyone who has an online selling business should try to change to a flat rate tax.
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