💸 How many times does the money go into the account? How many baht does the bank have to send the information to the IRS?

Remember the simple criteria. There are two cases. 👇

✅ Case 1

There are money entries ranging from 3,000 times a year.

There is no minimum amount limit, even if the total amount is less than 2 million baht, the report criteria.

✅ Case 2

There are money entries ranging from 400 times a year.

And the total amount is from 2,000,000 baht per year.

In this case, both "number of times" and "amount of money."

📌 Sample

• 399 times. Total of 5 million baht = Not yet qualified.

• 400 times Total 1,999,999 Baht = Not yet qualified

• 400 times. Total of 2 million baht = Reported criteria

• 3,000 times Total 300,000 Baht = Reported criteria

⚠️ The bank's transmission of information to the IRS does not mean that all entry money is immediately taxed.

Interaccount transfers, loans, debt refunds, or family money may not be income, but there must be clear evidence of the origin of the money.

As for sales, service fees, or income from the profession, the tax must be applied to the bank, even if the amount of money has not reached the threshold that the bank must report.

✅ Easy to remember

"3,000 times" or "400 times with a total of $2 million a year."

Introduce merchants and business owners, separate business accounts and personal accounts, and make monthly revenue summaries. This will help reduce the problem of time to clarify the IRS.

# Money into the account # Revenue # Online tax # Merchant Tax # Online Merchant# Business Owner # Accounting Knowledge # Accountants # ChanicaAccounting