Introduction to e-Tax invoice

To motivate taxpayers to adopt e-Tax Invoice, the TRD introduced an additional deduction for personal income tax calculations in tax year 2023 for shopping through e-Tax Invoice receipt in “Shop Dee Mee Kuen 2023” between 1 January 2023 – 15 February 2023. This has led VAT registrants to adopt the E-Tax invoice system to attract customers. As of September 2023, 2,268 companies have registered for the e-tax invoice campaign.This article is intended for VAT registrants interested in understanding and planning to implement the e-Tax invoice system. In this article, you will gain an overview and insight into e-tax invoices and where to begin if you are considering implementation.What is e-Tax Invoice?

An e-tax invoice is a set of digital value-added tax (VAT) documents, including a Tax invoice, Receipt, Debit note, and Credit note. It is a newly implemented VAT documentation system introduced by the Thai Revenue Department (TRD) to facilitate the VAT registrants in issuing documents in digital format. What benefit e-Tax invoice have to offer?

As VAT registrants, implementing an e-tax invoice system can provide several benefits, as follows:

1.     Decrease costs of physical document storage.

2.     Reduce the problem of incomplete VAT documentation.

3.     Reduce the time and cost of document delivery.

4.     Lower use of paper and printing ink, making it more environmentally friendly.

5.     Increase data integrity, accuracy, and consistency in VAT documentation.

6.     Enable analysis of information.

Two types of e-Tax invoice systems and how to register?

(i)              Currently, there are two e-tax invoice systems: (i) e-tax invoice & e-receipt and (ii) e-tax invoice by email. Each is different in two main aspects: system registration criteria and methods of transferring digital documents and information to TRD.e-Tax Invoice & e-Receipt

Criteria:

·       Being a VAT registrant under Section 77/1 in the Thai Revenue Code.

·       Must have the Electronic Certificate issued by the service provider under Thailand National Root Certification Authority (NRCA) and Electronic Transactions Development Agency (ETDA).

·       Must have a good internal information system for e-tax invoices & e-receipts.

• This option is allowed for a VAT registrant with a total revenue of over or under THB 30 million.

How to register: