What is a Half-Year Personal Income Tax Return (PND. 94)? and Who has to file it?
What is a Half-Year Personal Income Tax Return (PND. 94)?
Who has to file it?
A half-year personal income tax return or PND. 94 is the income tax filing of an individual whose income from January to June exceeds 60,000 baht.
This tax filing is for those who receive the following types of income.
1. Income from rent of property such as land, houses, vehicles, etc.
2. Income from liberal professions, which are not freelances and have licenses, such as doctor, nurse, accountant, lawyer, etc.
3. Income from an independent contract such as contractors.
4. Other income which is classified as 8 types of assessable income such as income from online sales, acting, income by virtue of jobs, positions or services rendered, etc.
The calculation method is the same as the personal income tax calculation, except for the part of deductions which can only be deducted by “half”. Please do not be concerned that this calculation will be difficult because the Revenue Department has already opened an online tax filing channel. In fact, you only need to fill in the income earner’s information along with your actual earned income and any available deductions, then the system will calculate the tax deduction for you according to the rules.
The calculation method is the same as the personal income tax calculation, except for the part of deductions which can only be deducted by “half”. Please do not be concerned that this calculation will be difficult because the Revenue Department has already opened an online tax filing channel.
In fact, you only need to fill in the income earner’s information along with your actual earned income and any available deductions, then the system will calculate the tax deduction for you according to the rules.
Actual expense deduction VS Flat-rate expense deduction
Taxpayers who have income must file a half-year personal income tax return (PND. 94) which can be filed with tax payment at your local Area Revenue Office until 30 September 2022.
However, it is much easier to file it online which can be filed until 8 October 2022 via the Revenue Department website: www.rd.go.th.
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