A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

LEXICON

 

 

Revenue Department

Government department under the Ministry of Finance, which is responsible for inland tax collection, in particular personal income tax, i.e. tax levied on the income of a person, estate or corporation, on a calendar year basis. It is also responsible for the administration of ordinances on taxes and duties, and the related rules and regulations. The Revenue Department of Thailand was founded on 2 September 1915 by King Rama VI, exploiting the visions of his father King Rama V, by placing the then internal Revenue Department under Ministry of City Affairs and the external Revenue Department under Ministry of Interior  under the direct supervision of the Ministry of Finance. In 1938, the Revenue Code Act was enacted, which was considered to be Thailand's major improvement of taxation system. In 1992, Value Added Tax (VAT) was collected for the first time, with computerized aid. In 2001, an e-filing service was launched which in 2015 was further developed into an e-filing application for smartphones. Taxation is the main source of the government's revenue, with more than half of the total tax collected by the Revenue Department, while the rest is collected by both the Excise Department and the Customs Department, two other agencies under the Ministry of Finance. Collectively, the three agencies account for about 85-90% of the government's revenue. In Thai, the Revenue Department is known as krom sanphakon (กรมสรรพากร). See also POSTAGE STAMPS (1) and (2).