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Income tax deduction for half of each
Date 04 Jan 2021 Time 17:06
Accept “half trip together” at the time of entry to the Department of the Treasury indicating that the tax should not be reversed
News reports from the Ministry of Finance indicated that the executives of the Revenue Department are considering the case of those who receive half the amount of 3,500 baht of the project and the We Travel Together Project that receives a 40% discount on the hotel stay. and a food voucher of the day. 600-900 baht per income should be calculated as income for filing personal income taxes in the year 2020 that tax returns start from January 1 to March 31, 2021.
At this time, the taxpayer of the personal income tax has started to ask the Department of the Treasury on the matter clearly. Because they are concerned that if they do not report income in this section for tax purposes, they will be subject to a retroactive penalty.
“IRS management is very concerned about this. For fear of being drawn to political issues And there have been discussions on the subject since late last year. Because in principle, the income of the project is half AND the project we travel together You must file income tax returns If they are income generated in 2020, they must be presented in early 2021, but if they are income in 2021, they must be presented in 2022 ” says the report.
The executives of the Revenue Department Will bring the matter to discuss with Mr. Arkom Termpittayapaisit, Minister of Finance, how to do this. If a tax exemption is to be made, the matter must be submitted to the Cabinet (Cabinet) meeting for urgent approval. Because the filing of the income tax for the year 2020 has already begun AND there are more than 10 million people who are eligible for the project in the middle, Phase 1 and 5 million people in the second phase.
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