The programme “Easy E-Receipt” allows individuals to claim a tax deduction of up to 50,000 THB (1,400 USD) for purchases made from businesses using the e-tax system from January 1 to February 15 next year. (Photo: bangkokpost.com) Bangkok (VNA) – Thailand has announced a new taxrefund scheme to stimulate domestic spending and encourage the use ofelectronic invoices.
Pornchai Thiraveja, Spokesman of the Finance Ministryand Chief of the Fiscal Policy Office, said that the programme “Easy E-Receipt”allows individuals to claim a tax deduction of up to 50,000 THB (1,400 USD)for purchases made from businesses using the e-tax system from January 1 toFebruary 15 next year.
However, the rebate excludes expenditures on alcoholicbeverages, tobacco, vehicles, and certain utilities and services like mobilephones, Internet service and non-life insurance, Pornchai noted.
According to the official, the programme, part of thegovernment’s economic stimulus measures, aims to boost the economy and persuadebusinesses to adopt the e-tax system. Business information on issuingelectronic invoices and receipts is available on the Revenue Department’swebsite.
The tax refund policy is part of economic stimulus measuresannounced by the Thai Government early last month. Thai Prime Minister SretthaThavisin affirmed that the government has collected information to developpolicies that meet people's needs.
As the tax refund policy will take effect in early 2024,there are concerns that consumers will delay spending during the year-endshopping season and wait until next year to get the refund./.
