What is Por Por 30 ❓ Business owners should know

As the owner of a partnership, you must also know about accounting and taxes. You can't just know the profit and loss. Another document that should be known and understood is Phor Por 30, a tax document that must be submitted to the Revenue Department every month. But not every shop has to submit. In the case of a company with VAT registration, this document can be used. Invite them to understand more about this document. If you are wondering if your business is required to file If you have to submit it, what should you do? Let's follow and read.

📌 What is P.P. 30? Who needs this document?

Any business that has VAT registration must always submit a P.P. 30 document, which is a business document that the company must submit to the Revenue Department where VAT is registered and must be filed. Which is important to submit after VAT registration. Simply called, it is a form of input tax and sales tax that the company must notify all the time. The person who must prepare this document will be "Business Owner"

which has the condition that the business must have income of more than 1.8 million baht / year and must be registered for value added tax (VAT) already Must submit P.P. 30 documents on the 15th day of the following month. You can file it in person at the Revenue Department or submit it online as it is convenient for you. Therefore, if the company has just opened recently and the income has not yet reached the criteria, it is not necessary to submit this document.

For anyone who has multiple businesses and wants to file a Phor.Por 30 form together and pay additional tax together, they can do it. but must first obtain approval from the Revenue Department Once approved, you can file a tax return and pay taxes together. which will be submitted only one Phor.Por 30 form, together with the attachment that the Revenue Department requires

📌What is input tax, sales tax shown in Phor.P.30?

1. Input Tax

It is a tax that business owners must pay when purchasing raw materials or equipment to make goods or services. Or other expenses related to the business, once paid, will have to pay 7% VAT, which must be paid to the company that sells products to us. which is a service registered for VAT

every purchase Most of the expenses we will have to pay taxes as well. Some have been added to the price of the product already. Because the seller may have to do tax filing accounts and file P.P. 30 as well. If we don't charge customers, then who will pay 7% there, usually it's an indirect tax that customers have to pay normally.

2. Sales Tax (Output Tax)

For this section, 7% tax will be charged to customers who purchase our products and services. which we will have to bring 7% of this acquisition to the state itself This includes the use of the product in any way. Except for use for own business or if there is a shortage of products from the product and raw material report

This tax is here that we have to file using Phor Por 30 to show the input and sales tax form to the Revenue Department. Which must be enforced by law, but your company must meet the condition that has income in excess of 1.8 million baht / year as well Looking at it in a simple way, this 7%, if you notice that when we shop at various stores, it will always be included and charged along with the cost of goods and services. If we are a business owner, we also have to pay and charge 7% VAT here.

What is VAT?

When filing P.P. 30 documents shows VAT in case anyone still wonders what VAT is, please explain more here, where VAT is VAT that has not yet been paid VAT. When buying our products, we will be charged 7% VAT, which means that we have to pay 7% VAT. In the event that we own a business, when selling products, we have to charge 7% tax here to customers as well, which is VAT. Short for Value Added Tax, which is "tax".

📌 When do I have to submit P.P. 30 documents?

If your company or business earns more than 1.8 million baht/year, including spending on setting up a new business, you must apply for Value Added Tax (VAT) registration at the local Revenue Department. And then file a Por Por 30 form as well, and it is an important document that the business owner must submit every month. This must be submitted before the 15th of the following month.

When you go to submit a P.P. 30 document at the Revenue Department or file it online, you must have a tax invoice for reference. This is another document that must be required and made accurate, clear, so that every step must pay attention to in detail. People who are not good at accounting and taxes may need to find a helper rather than doing it themselves, because if wrong, it will waste a lot of time to fix.

📌 Is VAT registration necessary?

As you know, the person who is required to submit P.P. 30 documents must be a business that has VAT registration and has an income of more than 1.8 million baht / year. If you are not sure that your business must be registered. VAT or not, try to see if this condition is met or not.

1. It is a tax exempt business.

In the case of tax exemption, it must be a business with income not exceeding 1.8 million baht / year, which is calculated from the sales of goods or services charged from customers. It is a business related to agriculture within the country. (Order of the Revenue Department, Por. 28/2535, etc.) Trading in both live and non-living animals in the country. (Order of the Revenue Department No. Por. 29/2535) Plant and animal diseases providing labs, museums, zoos, and providing both government and private medical care But to be sure, check with the Revenue Department again.

2. The company's income exceeds 1.8 million baht per year.

It's easy, if it's too much, you'll have to write it down. Average comes out each month, it is at 150,000 baht, which this income comes from the actual sales that are not profit after deducting expenses. When the income exceeds, they must register for VAT within 30 days and submit P.P. 30 documents as well.

3. Does your business have VAT as a cost?

Is your business a middleman? For trading or a business where the originating product is VAT charged, VAT is also required. to maintain tax benefits It will reduce the cost of our business a lot.

4. Are our customers or business users entering the VAT system?

It is another thing to check as well. You need to look at whether the customers who come to use the service and buy products are in the VAT system. If the answer is "yes", they should be registered for VAT. Even if the income is less than 1.8 million baht per year, it can be registered.

This is to build credibility and maintain tax benefits for customers. If the customer is a big business, he will take this very seriously. If your business is not registered Customers will not come to use the service and not come to buy products with you at all.

because on the customer side, he is a company have tax filing VAT is registered and may be required to submit P.P. 30 documents as well. When shopping, you have to buy from a store that issues a tax invoice. If it doesn't have it, it can't be used for accounting and tax. So if you don't want to lose customers, then write it down, it won't hurt anything.

VAT registration can be filed with paper at the registration unit where the establishment is located or can be filed online. which the registration can be both in the form of a natural person, namely The owner is sole or is an ordinary partnership or a non-juristic body of persons. And the registration of a juristic person will be a limited company or limited partnership itself. After writing it down, if the income of the business reaches 1.8 million, do not forget to file P.P. 30 as prescribed by the Revenue Department as well.

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