Revenue to 1.8 million.

✅ Reasons to write down VAT when revenue reaches 1.8 million baht

1. As a mandatory legal criterion

• Any natural person, partnership, or company whose income from the sale of goods / services exceeds 1.8 million baht per year (within 12 months) shall write down a VAT within 30 days from the date of the income.

• If not written, tax evasion is punishable by law.

2. Tax bills can be issued

• To enable corporate clients to apply purchase tax to sales tax credits.

3. Can bring purchase tax, sales tax credit

• If you purchase goods / services with VAT, the company can refund or deduct as a tax credit if the VAT is written down.

4. Increased reliability

• Business customers often choose to work with VAT-written operators because they are reliable and can apply their taxes.

5. Prevent retroactive examination

• If you reach the income threshold but do not write down the VAT, the IRS can check it retroactively and is punishable by fines and allowances.

❗ If you don't write down the excess income,

• A fine of up to 2 times the tax payable.

• Waste of fines and extra (interest)

• Lose the opportunity to deduct the purchase tax.