Tax Rebate Available
Easy E-Receipt Program - Personal Tax Deduction Scheme for Economic Boost
The Revenue Department issued the Ministerial Regulation (No. 391) B.E. 2566 on 20 December 2023 regarding tax exemption for tax measures Easy E-Receipt (as referred to “Easy E-Receipt program”).
In order to stimulate domestic spending in early 2024 and encourage entrepreneurs to use the electronic tax system, a personal income tax deduction up to THB 50,000 is granted to an individual taxpayer who purchases certain domestic goods and services from 1 January 2024 to 15 February 2024.
Under the Ministerial Regulation, the individual taxpayer shall not be included in general partnership or group of persons that are not juristic persons. The Easy E-Receipt program shall apply to the purchase of goods and services from businesses registered for VAT, as well as the purchase of books, newspapers and magazines in both regular and e-book format including One Tambon One Product (OTOP) goods registered with the Community Development Department. The purchase of such goods and services must be supported by electronic tax invoices or electronic receipts.
The purchase of the following goods or services are not allowed to be claimed as part of the tax deduction:
- Liquor, beer, and wine
- Tobacco
- Oil and gas for vehicles
- Cars, Motorcycles and boats
- Utility bills (e.g., water, electricity, telephone and internet service charge)
- Service fees under a service agreement beyond 15 February 2024
- Non-life insurance premiums
In addition, the Revenue Department issued the Notification of the Director-General of the Revenue Department (No. 443) B.E. 2566 regarding the rules, procedures and conditions on the exemption of income tax on the actual amount paid for the purchase of goods or services.
For more details, please see the Ministerial Regulation (No. 391), Notification (No. 443) and the Revenue Department ‘s Q&A in Thai version as the links below:
https://www.rd.go.th/fileadmin/user_upload/kormor/newlaw/dg443A.pdf
https://www.rd.go.th/fileadmin/user_upload/lorkhor/newsbanner/2023/12/Q_A_Easy_E-Receipt.pdf
Note that this tax update contains general information in summary form. Therefore, it is only intended for use as a general guidance and should not be used to determine the issues without obtaining professional advice for your specific areas.