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What is a tax adjustment?


  What is a tax adjustment?  tax adjustments or improving the tax structure By recording, adjusting the purchase tax - sales tax, divided into 2 cases as follows  Case 1 input tax is more than output tax Entrepreneurs can request a refund of value added tax (VAT) from the Revenue Department with the following formula:  Sales tax = Total revenue from all sales x VAT 7%  Input tax = Total purchase amount x VAT 7%  Value Added Tax (7% VAT) = Sales Tax – Input Tax  example In January 20XX, the business made money from selling products in the amount of 100,000 baht and buying products for sale in the amount of 120,000 baht. VAT calculations are in the following format.  Sales tax = 100,000 x 7% = 7,000 Input VAT = 120,000 x 7% = 8,400 VAT = 7,000 - 8,400 = 1,400  Therefore, in January 20XX, businesses can apply for a VAT refund from the Revenue Department in the amount of 1,400 baht by February 15, 20XX.  Case 2: The output tax is greater than the input tax. The operator must pay value added tax (VAT) to the Revenue Department. which has the following formula:  Sales tax = Total revenue from all sales x VAT 7%  Input tax = Total purchase amount x VAT 7%  Value Added Tax (7% VAT) = Sales Tax – Input Tax  example In January 20XX, the business made money from selling products in the amount of 200,000 baht and buying products for sale in the amount of 120,000 baht. The calculation of VAT will be in the following format.  Sales tax = 200,000 x 7% = 14,000 Input VAT = 120,000 x 7% = 8,400 VAT = 14,000 - 8,400 = 5,600  Therefore, in January 20XX, businesses are required to pay Value Added Tax (VAT) to the Revenue Department. In the amount of 5,600 baht within February 15, 20XX  ------------------------------------------------------------------------------------- Interested in online marketing care services | online marketing | complete graphics | can contact us anytime | brand building | online marketing | online marketing plan | brand building | Facebook fan page care | Take care of LINE OA. You can contact us 24 hours a day.   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 ---------------------------------------------------------------------------------------  💙 Consult our team 💙 📱Tel : 0840104252 📱0947805680 Office Hotline : 034-900-165 , 02-297-0811 (Monday-Friday) 📨 Inbox : http://m.me/ChatStick.TH ┏━━━━━━━━━┓ 📲 LINE: @chatstick ┗━━━━━━━━━┛ or click https://goo.gl/KuzCpM 🎉 details at http://www.chatstickmarket.com/langran 🎉 See our work at https://www.chatstickmarket.com/portfolio

What is a tax adjustment?


tax adjustments or improving the tax structure By recording, adjusting the purchase tax - sales tax, divided into 2 cases as follows


Case 1 input tax is more than output tax Entrepreneurs can request a refund of value added tax (VAT) from the Revenue Department with the following formula:


Sales tax = Total revenue from all sales x VAT 7%


Input tax = Total purchase amount x VAT 7%


Value Added Tax (7% VAT) = Sales Tax – Input Tax


example

In January 20XX, the business made money from selling products in the amount of 100,000 baht and buying products for sale in the amount of 120,000 baht. VAT calculations are in the following format.


Sales tax = 100,000 x 7% = 7,000

Input VAT = 120,000 x 7% = 8,400

VAT = 7,000 - 8,400 = 1,400


Therefore, in January 20XX, businesses can apply for a VAT refund from the Revenue Department in the amount of 1,400 baht by February 15, 20XX.


Case 2: The output tax is greater than the input tax. The operator must pay value added tax (VAT) to the Revenue Department. which has the following formula:


Sales tax = Total revenue from all sales x VAT 7%


Input tax = Total purchase amount x VAT 7%


Value Added Tax (7% VAT) = Sales Tax – Input Tax


example

In January 20XX, the business made money from selling products in the amount of 200,000 baht and buying products for sale in the amount of 120,000 baht. The calculation of VAT will be in the following format.


Sales tax = 200,000 x 7% = 14,000

Input VAT = 120,000 x 7% = 8,400

VAT = 14,000 - 8,400 = 5,600


Therefore, in January 20XX, businesses are required to pay Value Added Tax (VAT) to the Revenue Department. In the amount of 5,600 baht within February 15, 20XX


-------------------------------------------------------------------------------------

Interested in online marketing care services | online marketing | complete graphics | can contact us anytime | brand building | online marketing | online marketing plan | brand building | Facebook fan page care | Take care of LINE OA. You can contact us 24 hours a day.

Details of online marketing services

Examples of various brands that we take care of online marketing

---------------------------------------------------------------------------------------


💙 Consult our team 💙

📱Tel : 0840104252 📱0947805680

Office Hotline : 034-900-165 , 02-297-0811 (Monday-Friday)

┏━━━━━━━━━┓

📲 LINE: @chatstick

┗━━━━━━━━━┛

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