-Examples of tax credits-
If we are required to pay all taxes on the amount of 15000 baht/year but we are already withholding tax the amount of which in the year 10000 baht, we will need an additional tax on 15000-10000 = just 5,000.
-Why do you need to have the withholding tax.
Tax deduction at the tee it aims the following four major.
The tax burden tax relief because it's great for everyone. Therefore, the State must finance the tax relief that we have to pay by taking previously (when we get the money) to make a payment at a time problem is worse now because of the end of the year, we may not have enough money to pay themselves. Imagine easily that if we hit the employer withholding tax to 1000 baht per month, every month we have to pay taxes on the entire amount at the end of the year 12000 baht. What is more is cruel towards pockets:)
To earn a State warehouse on a regular basis. This is probably the most important purpose of withholding income tax from the State itself to regularly come to revenue. For use in developing countries where withholding tax is also one of the channels to the State tax authorities themselves.
Justice is created. Some people say that some of it might be fair to complain that unfair.
Defense suppression due to evade tax, withholding tax, will make the official State mechanism using data validation of those with income withholding it from the system, and the vast majority of employers, it is often those who are withholding system that helps deliver the withholding tax to the State.
-Income tax deduction withholding, using others as recipients instead of-
Now we shall see whether the contractor has taken the name of another person as the recipient instead. Guilty or not guilty? There are two separate issues between the request to use the name of another person as the recipient of money instead. What impact can be made.
1. to use the name of another person as the recipient.
In this case, the main impact is that it helps in distributing the revenue base of people who have the money to pay the taxes are reduced.
Let's assume that sister net income for the whole year we just enough (after expenses and reduce value). To see the number of 5000000 baht sister enough tax rate should have to waste. It was found that.