Things you should know about online store tax

Things you should know about online store tax

For anyone who is a merchant and online shop seller. There's something you should know about taxes. In this article, we would like to present something that you should know about online store taxes to leave each other. If you're ready, let's go see it.

1. Identification number of the taxpayer

For those who are income earners, you must have a tax identification number. in order to be used in the performance of tax duties which has the following details:

- Thai people (For individuals) by giving you a national ID number as a number for use in paying taxes. And you don't have to file for a taxpayer identification number in any way.

- Ordinary partnership or non-juristic body of persons In which you must submit a petition in Form Lor Por 10.2 in order to request a taxpayer identification number. at the Revenue Department

- for foreign workers A petition must be submitted in Form Lor Por 10.1 in order to request a taxpayer identification number.

2. Preparation of cash, income and expenditure accounts

Which for anyone who is an entrepreneur who operates on behalf of that individual You will need to manage daily income and expenditure reports. It must be reported at least according to the form that has been specified. to collect reports with documents and evidence and expenditure documents for tax filing All documents must be expenditures related to the business only.

3. Making a request for filing in the form of income tax return and perform tax calculations

Which income from selling products online is in the form of income in category 8 and for those who have income which has a duty to file taxes twice a year as follows:

- Income tax for individuals for half a year You can apply online by October 8th of that year.

- Income tax for individuals for the year In which you can submit an application via the Internet by April 8 of the following year.

And the method of calculating the tax fee, there are 2 methods as follows

- Method 1 is to calculate the tax on net income. By allowing you to take the net income, that is, the income is minus expenses and deductions.

- Calculated from the amount of tax You then take the net income multiplied by the personal income tax rate.

- Method 2 is the calculation from the assessable income tax. By giving you the amount of tax** will be equal to assessable income x 0.5%

- and income in type 2 to type 8 with income from 120,000 baht or more

4.Value added tax

which if you are an entrepreneur with income from selling products or providing services that exceed 1.8 million baht per year You must be registered for VAT. and must perform the duty of a VAT operator which details are as follows:

- Registration for VAT In which, if you are an entrepreneur whose income from sales of goods or services exceeds 1.8 million baht per year, then you must apply for VAT registration within 30 days, which must be made from the date of excess income. 1.8 million baht per year at the Revenue Office or make a submission via the Internet

- issuing sales tax invoices Entrepreneurs who are registered for VAT will have the following duties: • Preparation of tax invoices and copying of tax invoices. and for every sale of goods or services Making delivery of the original tax invoice to those who make purchases or those who receive services • Keeping a copy of the tax invoice at the place of business for a period of not less than 5 years, which if in the event of termination of business operations person who operates that business Documents must be kept. for another 2 years from the date of termination of business operation.

- Preparation of VAT reports Entrepreneurs who are registered for VAT must have a duty to report VAT every month.

- Making a submission of Listing form that summarizes purchase tax and sales tax On a regular basis every month • within the 15th day of the following month. To be filed at the tax office • which within the 23rd of the following month To submit by filing via the Internet.

which if in the event of a change of the item that has been registered for VAT in that important part for example change of type of business operation, etc., submit a request for notification of change Within 15 days from the date of change

How are you? Hope this article will be helpful for all readers. And see you again in the next article.

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Details of online marketing services

>> https://www.chatstickmarket.com/langran

Examples of various brands that we take care of online marketing

>>https://www.chatstickmarket.com/portfolio

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