Revenue eyes on e-commerce, entertainment venues to generate more tax incomes

The Revenue Department (RD) is eyeing on online business, pubs, discotheques, and restaurants to generate more tax income after tax collection this year falling six billion baht short of target.

The move came after its tax collection during the first five months of the year, from October last year till end of February this year, is lower than targeted.

RD Director-general Prasong Poontanet disclosed that tax collection during the first five months of the year is lower than target by 6 billion baht, due majorly to the reduction in petroleum tax after global oil prices fell.

He said as the department has set tax collection target at 1.867 trillion baht by the end of Fiscal 2017, it has to look into other sources to generate income to plug the shortfall.

He said instruction has bee given to revenue officials to immediately inspect targeted groups such as night businesses like pubs, discotheques, restaurant, as well as Zero Tour operators, and online businesses.

He said some online businesses are still evading taxes, adding that officials would be checking like click on online shops such as Facebook to examine their sales of products, after sales for the online business sector has been on the rise, to determine the tax collection.

Source: Thai Public Broadcasting Service (Thai PBS)