What are documents for tax filing in 2022?

Make accurate tax filing! First of all, let focus on preparing documents because it needs concentration. If you forget even one tax deduction item, you have to pay more tax. So, everyone must prepare details and check all tax deduction items. For this year, you can make e-filing until 8 April 2022. Before filing period, all documents should be prepared because it might take long time to request some documents; thus, we should prepare them in advance. The earlier you make tax filing, the faster you receive tax return. Let check your documents.

Be aware before tax filing!

No matter what happens, we have to pay tax! It is the duty of all earners. You can make tax filing from 1 January – 31 March 2022, while tax e-filing is available until 8 April 2022. You can do it at nearby Revenue Office or via Revenue Department’s website. Regardless of being new taxpayers or tax filing experts, let review basic knowledge of tax filing.

There are 2 types for personal income tax filing.

• P.N.D. 90 – For those who have income not only from salary such as business as individual or dividend.
• P.N.D. 91 – For those who have only income from salary without additional income such as employees who receive only salary.
  

Required documents for tax filing

• Income documents, Employee Withholding Tax Certificate (50 Tawi) from employers which show key details such as total annual income or total Provident Fund contribution, etc.
• Tax deduction documents for such year such as allowance for parental and child care, premium of life insurance and health insurance, document of Shop Dee Mee Kuen, etc.
  

What are tax deduction documents?

Since we have to prepare documents in advance, there are several groups of tax deduction documents as shown below.

Personal and family expenses

• Certificate of deduction from allowance for parental care (Lor. Yor. 03)
• Certificate of deduction from allowance for handicapped or disabled person (Lor. Yor. 04)
• Certificate of disabled person guardian (Lor. Yor. 04-1)
• Marriage certificate
• Certificate of child legitimation
• Physician certificate, receipt or other documents showing payment of antenatal care and child delivery expenses to medical centers
  

Insurance

• Life and health insurance premium which you don’t have to prepare documents, but you have to notify your agent or life insurance company about exercising the tax deduction right.
• Health insurance premium of parents which you don’t have to prepare documents as well, but you have to notify your agent or life insurance company about exercising the tax deduction right
  

Savings and investment

• If you invest in the funds, please request SSF/RMF certificate.
  

Economic support

• If you have loan for house or condominium unit, please request certificate of housing loan interest payment from a bank.
• Copy of shareholders’ list with the taxpayer’s name in the list on the date of share subscription or investment in establishment of a company or juristic partnership; you can request for the document from Department of Business Development, Ministry of Commerce.
  

Donation

• If you make e-donation, you don’t have to prepare documents because the Revenue Department can check in the system.
• For general donation, you must have donation receipt with the taxpayer’s name as a donator.
• In terms of donation for political parties, receipt or other documents are required to confirm that the taxpayer makes donation to support political parties such as ownership transfer certificate that the taxpayer donates to political parties, etc. 
  

What to do if you don’t make tax filing in time?

Regardless of any reasons, you must prepare all documents and make tax filing at the Revenue Office only! You cannot make tax e-filing. Please prepare the following documents.

• Prepare form of P.N.D. 91 or P.N.D. 90
• Employee Withholding Tax Certificate (50 Tawi)
• Tax deduction documents such as certificate of life insurance premium, certificate of Provident Fund contribution
• Certificate of deduction from allowance for parental care (Lor. Yor. 03)
• Prepare money! Besides paying outstanding tax, you may need to pay fine for late tax filing.
  

Penalty for late tax filing

• If P.N.D. 90/91 form is not submitted in time, fine is up to 2,000 Baht.
• In case false declaration or evidence submission is intentionally made for tax evasion, imprisonment is from 3 months – 7 years and fine is from 2,000 Baht – 200,000 Baht.
• If the tax filing form is not submitted intentionally for tax evasion, fine is up to 200,000 Baht or imprisonment is up to 1 year, or both.
  

That’s the summary of documents for tax filing. The earlier you make tax filing, the faster you receive tax return.

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• Coverage period of the rider must not exceed coverage period of life insurance policy that such rider is attached to.
• Premium is eligible for personal income tax deduction according to the Revenue Department.
• Underwriting is subject to the Company’s rules.
• Please study details of coverage, conditions and exclusions before making a decision to apply for insurance.
  

Sources: Searched on 07/02/2022

noonth (Data as of 26/01/2022)