Tax and Legal update 1/2024

Introducing the New “Easy E-Receipt” Tax scheme with up to THB 50,000 in Tax Deductions

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Introducing the New “Easy E-Receipt” Tax scheme with up to THB 50,000 in Tax Deductions

The Revenue Department has introduced the latest tax scheme, the “Easy E-Receipt”, formerly known as “Shop Dee Mee Kuen”. This scheme is designed to offer individuals tax deductions in 2024.

Following Ministerial Regulation No. 391 of the Revenue Department, published in the Royal Gazette on 21 December 2023, individuals can receive an additional personal income tax deduction of up to THB 50,000. This deduction applies to purchasing goods and services between 1 January 2024 and 15 February 2024. The eligible criteria are as follows:

  •     Purchase of goods and services from a VAT registrant business that issues either e-tax invoice or e-receipt.
  •     Purchase of books, newspapers, magazines (both hard copies and e-books).
  •     Purchase of One Tambon One Product (OTOP) goods registered with the Department of  Community Development.

However, certain expenditures are excluded from the tax deduction, as follows:

  •         Alcoholic beverages and tobacco products, including liquor, beer, wine, and cigarettes.
  •         Fuel and gas for vehicles.
  •         Vehicles, motorcycles, and boats.
  •         Utilities bills, covering fees for utilities such as water, electricity, telephone, and internet.
  •         Long-term service agreement fee, specifically, service fees incurred before 1 January 2023 or ending after 15 February 2024.
  •         Non-life insurance premiums.

Please refer to Ministerial Regulation No. 391 for detailed information and eligibility criteria.