The Revenue Department has warned small to medium-size enterprises to cease tax evasion accounting practices, or face very serious charges. The Revenue Department was giving these tax evaders one month to shift to single accounts, and afterwards it would strictly audit them, Mr Prasong said. "In the past the Revenue Department did not want to take harsh action without giving a period for the operators to adjust. He said that some SMEs dared to continue with their tax evasion because they thought the Revenue Department lacked the information to bring them to heel. He warned tax evaders they could be prosecuted for money laundering if their evasion amounted to 10 million baht or more.

Source: Bangkok Post November 30, 2017 08:53 UTC