Tax shortfall to be addressed | Bangkok Post: business

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Tax shortfall to be addressed

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The Revenue Department is poised to tighten scrutiny of tax payments by wealthy owners of businesses with weak earnings as part of efforts to seek higher tax revenue. This follows its estimation that revenue for this fiscal year will have the biggest shortfall in seven years. 

Mr Suthichai will scrutinise wealthy owners of weak firms. PAWAT LAOPAISARNTAKSIN

The department plans to inspect personal income tax paid by business owners in parallel with corporate tax paid by their companies to determine whether their tax payments are justified, said director-general Suthichai Sangkhamanee.

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