If a taxpayer fails to file a tax return in Thailand, the Thai Revenue Department may impose penalties and take other enforcement actions to encourage compliance with tax laws and regulations. The specific penalties and enforcement actions may vary depending on the type of tax and the severity of the non-compliance.
For example, under Thai law, failure to file a tax return by the due date may result in a penalty of up to 200,000 baht (approximately $6,000 USD) or up to twice the amount of tax owed, whichever is greater. The taxpayer may also be subject to additional penalties and interest on the unpaid tax.
If the taxpayer continues to be non-compliant and fails to respond to notices or requests for information from the Thai Revenue Department, the department may initiate legal proceedings to recover the tax owed, including seizure of assets and garnishment of wages. In extreme cases, where there is evidence of tax evasion or fraud, the department may initiate criminal proceedings against the taxpayer.
It is important for individuals and companies operating in Thailand to comply with all tax laws and regulations, including filing tax returns on time. Failure to do so may result in significant financial and legal consequences. It is recommended that taxpayers seek professional advice from qualified tax advisors or lawyers to ensure that they comply with all applicable tax laws and regulations in Thailand.