Skip to content

Language

Cart
เปิดร้านอาหาร เริ่มต้นส่งภาษีอย่างไร

Open a restaurant, how to start paying taxes

Accounting and tax issues are like bitter medicine for business owners because many people think that it is difficult to manage. However, it is an important issue that cannot be avoided. One of the most popular questions for restaurant owners is about accounting and tax issues. What taxes do restaurant owners have to pay? How do they pay them? It is such a serious matter that many people would rather skip it for now. In the end, the retroactive tax penalty was heavier than the original tax amount that had to be paid. So this is important and if you pay a little attention, you will find that it is not difficult at all. If you want to know what taxes you have to pay when running a restaurant, this article has summarized it for you.
What taxes do business owners have to pay?
 Let's start with the types of taxes that need to be paid, starting from the beginning of opening a restaurant. How many taxes are involved in opening a restaurant? Value Added Tax: A Familiar Topic
 The first tax is familiar because everyone has to pay it anyway, whether they are individual entrepreneurs or juristic persons. But when you start paying for any item, such as buying things to make a shop or buying things for a shop, entrepreneurs must pay a 7 percent VAT directly from the seller, except for agricultural products and ingredients for cooking, which are tax-free. Entrepreneurs must request a receipt to keep for calculating taxes each month and making a purchase tax report. This one is not much because everyone already knows it. But what I want to leave you with is that any purchase is important. Don't forget to ask for a receipt and keep the receipt for recording. Some customs duties may be forgotten  Do restaurants have to pay customs duties? Don't be confused. In cases where we have to import materials, equipment, and raw materials that are on the import tax list, we have to pay. As for how much to pay, you have to check with customs about the tax rate because each type of product has a different rate. Withholding tax, rent, and labor costs must also be taxed.  Another tax that you will definitely encounter is “withholding tax”, which has several withholding tax rates as follows: 1% transportation costs, 2% advertising costs, 3% wages, services, 5% rent, 10% dividends, 15% foreign money transfers. Withholding tax is a deduction from the amount before VAT. Most of us are familiar with the rate of 3% for wages, services, and 5% for rent. If you do not pay, be careful of the maximum fine of 2,000 baht per item.
And if we have employees whose average monthly salary exceeds 26,000 baht, we must withhold tax at source and submit it to the Revenue Department. But if the total salary paid does not exceed 26,000 baht per month, this part is exempted. And don't forget that the shop rent also has a tax that must be withheld at the source as stated at the rate of 5%. Sign tax  This is another matter that if you don't know, you'll definitely be hit with a huge tax bill for shop signs. Many people may have encountered themselves wondering why their shop is hit with a higher sign tax rate than the shop next door, even though the shop's sign next door is bigger and more impressive. Go back and look at what language your shop's sign is in. If it's entirely in foreign languages, you'll definitely be paying a lot of tax because the law stipulates that:
  • Signs with only Thai letters are charged at a rate of 3 baht per 500 square centimeters.
  • Signs containing Thai letters mixed with foreign letters or mixed with pictures and/or other symbols are charged at a rate of 20 baht per 500 square centimeters.
  • Signs that do not contain Thai characters, regardless of whether or not they have any pictures or symbols, or signs that contain some or all Thai characters under foreign characters, are charged at a rate of 40 baht per 500 square centimeters.
In this case, signs whose tax rate is less than 200 baht per sign when calculated on the area must pay 200 baht per sign. Please be aware and immediately go back and look at your own shop's sign to find out how much tax you will have to pay or how to make changes to pay less tax. Land tax or original house tax
This is a new tax that was just announced this year. This tax is for land that we rent to build a shop. Landowners usually have to shift this burden to the tenants. But the point is that this tax is still complicated and there is still uncertainty in the tax rate. So my advice for this tax is to take it easy, just guess that there will be changes in 2020, follow the news about this tax closely to see if it will still be paid when the last month of the tax due by law comes, or if it will be postponed, or if the tax rate will be reduced. We haven't even started selling and have already received income, but there are already many tax items that need to be paid. And when we start selling and have income, there will be more tax items involved, which are divided into personal income tax. with Corporate Income Tax For personal income tax, you have to submit a tax payment form twice a year: the first submission, Por.Ngor.Dor.94, in September for income from January to June; the second submission, Por.Ngor.Dor.90, in March of the following year for income from January to December. The tax paid in the first submission is deducted from the tax calculated in the second submission for corporate income tax. Entrepreneurs who are required to pay income tax on this item must also submit tax payments twice a year: the first time, Por.Ngor.Dor. 51, called half-period income tax, submitted within 2 months after the 6-month period has passed; the second time, Por.Ngor.Dor. 50, called end-of-period income tax, submitted within 150 days from the last day of the accounting period. VAT, when will I register?  Many people often ask whether this tax needs to be registered or not. This part depends on the sales volume of the store to see if the income or sales volume (not related to profit) exceeds 1.8 million baht per year. If you are sure that it will not exceed the amount, there is no need to register this part. However, if the sales amount reaches 1.8 million baht, the business owner is required by law to register for VAT. However, do not forget to include the VAT in the sales price calculation. In terms of taxes, it is recommended that you study more about filing each type of tax directly from the Revenue Department. Currently, the Revenue Department allows us to file taxes through an online system that is convenient to pay. For more details, visit the Revenue Department website by clicking here.
“Tax” is a destination. The important origin is “accounting”. Taxes are a duty that we cannot avoid. However, the most important factor that directly affects tax payment, whether we pay a lot or a little, pay right or wrong, comes from this part: “Accounting” Especially in keeping an account of income and expenses, filling in information in a book or accounting table to know the source of income and where the expenses go to use as evidence when filing each tax, which is a very important part and many people think it is difficult, even though in fact there is an easy way to do it. But if you were to write an explanation, it would be too long and you might not understand as well as having an accounting expert advise you directly. I will say that if anyone is afraid of accounting, the chances of getting hurt from doing business are very high. Click here to read other articles.
Click to read interesting articles from Makro HoReCa Academy.
Previous Post Next Post