Index of legal movement in relation to business
The draft of Act of the Revenue Department making analysis on tax avoidance
(National e-Payment Master Plan)
Revenue Department is in process to enact “the draft of Amendment Act on Revenue Code (No….) B.E……” for support tax system and e-Payment according to the National e-Payment Master Plan for improvement in the provision under the Revenue Code to cope with electronic documents which is related to tax system and increase more system of the deduction on withholding tax, including more e-Payment method, the draft Act has essential parts as follows: –
1. To prescribe the rules, procedures and conditions on the filing tax return to be made by electronic method under the law on electronic transactions.
2. To appoint a person who has duty to deduct and remit withholding tax and pay an assessable income to the bank under the law on banking or the person who is appointed by the Ministerial Regulation on transaction method or any other method can deduct and remit tax through the bank or the above person. In addition, Director-General has authority to make exception for filing withhold personal tax return to a person, partnership or company which deducts and remits such tax through the bank or the above person.
3. To appoint the bank or the above person as mentioned receiving the money to deliver to the Revenue Department and appoint the bank or the above person be liable for tax in the amount as received or incompletely remitted and pay surcharges as 1.5 percent per month or a fraction of month of such tax which received or incompletely remitted.
4. To prepare for a tax invoice, debit note, credit note or receipt made in forms of electronic data under the law on electronic transactions.
5. The Director-General of Revenue Department shall specify other statement on the receipt to be different from the Section 105 Bis, summon a person to submit the account, document, evidence or information related to taxation. In case such information was collected as electronic data or computer traffic data, the Director-General has the power to inspect and access to such data.