Taxes and what to know

# CapCut # JunVision1

What is 🔥 tax? Why pay?

💡 Simple explanation.

Taxes are "money paid to the state" to develop a country, such as building roads, hospitals, schools, utilities.

📌 The type of tax to know.

1. Individual Income Tax - Tax on Income

2. Value Added Tax (VAT) - Tax on Purchase of Goods / Services

3. Specific business taxes - such as real estate business or finance

4. Withholding Tax - Tax that is deducted before you get the money (e.g. freelance)

✅ How to think

Everyone with an income is "obliged to pay taxes," whether it's a permanent employee, a freelance, or an entrepreneur.

✅ Who has to file taxes? When?

📌 Who has to file taxes?

Those earning more than 60,000 Baht / year (Single)

or more than 120,000 Baht / year (with spouse, no money)

Free Lance / Private Business → Filing Form 90

Salary employee → Filing type 91.

🗓️. Tax filing required.

Filed annually between Jan 1 and Mar 31 of the following year.

(Filed online at)

✅. Practice.

Keep proof of income (credentials from the company, transfer slips, various bills)

Use an online filing system for convenience.

✅ Simple tax calculation guidelines

📌 Tax calculation = 3 main steps

1.Total income (salary + supplementary income + online income, etc.)

2. Deduction of expenses and deductibles

3. Calculate the tax by step

🔢 Tax Step Example (Year 2024)

Net income. Tax rate.

0 - 150,000 except

150,001 - 300,000 5%

300,001 - 500,000 10%

500,001 - 1,000,000 15%

1,000,001 - 2,000,000 20%

Over 2 million up to 35%

✅ Example of how to think

If full year income = 500,000 baht → deductible → net 400,000

→ Taxes in the partial 5% + 10% range

💋 for

Savings target

🎯:

💰 collection:

📋 what to prepare:

💁🏻♀️ other tricks: