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PUBLISHED: 22 Mar 2025 at 05: 45
Social media influencers and online vendors should submit annual income tax documents by the end of this month to avoid hefty fines and penalties, according to the Revenue Department ( RD ). According to the ministry, approximately 9 million celebrities make billions of bass annually.
RD Director-General Pinsai Suraswadi lately expressed his concern for adult income earners who have never filed annual income reports, particularly young people just beginning their careers, e-commerce suppliers, influencers, and product reviewers.
He claimed that recent reports have revealed that this group of earners, primarily the younger generation, largely rarely document their income or even file annual taxes.
Mr. Pinsai urged everyone who earns money to file their earnings, noting that any errors in the registration process can be corrected, but that any incomplete or incomplete submission of any income documents will ultimately result in punishment and detachment.
He added that digital transactions leave modern footprints, making it simple for the division to follow unreported earnings.
The department is urging those in online businesses to comply because retrospective tax collection can lead to severe fines.
He claims that the Revenue Department has the power to accounting records dating back five years.
The director-general stated that those found to have evaded income will have to pay fines and curiosity, which could boost the duty tenfold.
Compliance with tax laws carries both civil and criminal sanctions.
While the department generally imposes civil penalties, charges can be as low as two times the amount owed, with an extra monthly interest rate of 1 %. Penalties may amount to four times the original taxes amount if completely enforced. Usually, serious offenses are a precondition for criminal prosecution.
In addition, a recent study by Tellscore, in collaboration with FutureTales LAB and the Thailand Institute for Mental Health Sustainability ( Tims ), found that the country’s content creator industry contributes at least 45 billion baht annually to the economy, with over 9 million of them, making them a significant part of the workforce.