What if your everyday purchases could save you money on taxes? With Thailand’s ‘Easy E-Receipt 2.0,
that’s exactly what you can do this year! Starting January 16, 2025, Thai taxpayers have an exciting opportunity to maximize their tax savings while supporting local businesses. Here’s your complete guide to making the most of this tax deduction program, explained in simple terms.
What is “Easy E-Receipt 2.0”?
The “Easy E-Receipt 2.0” program allows individual taxpayers in Thailand to deduct up to 50,000 THB on qualifying purchases and services made between January 16 and February 28, 2025. Designed to promote digital tax receipts (e-Tax Invoices), this initiative is a win-win for taxpayers and the economy.
What Can You Deduct?
Tax deductions are split into two categories:
- General Purchases and Services:
- Deduct up to 30,000 THB for expenses from VAT-registered or non-VAT-registered sellers.
- Special Purchases:
- An additional deduction of up to 20,000 THB is available for:
- OTOP Products: Locally made items registered with the Department of Community Development.
- Community Enterprise Goods/Services: Registered with the Department of Agricultural Extension.
- Social Enterprise Goods/Services: Registered with the Office of Social Enterprise Promotion.
- An additional deduction of up to 20,000 THB is available for:
Example:
If you buy handmade pottery worth 25,000 THB from an OTOP seller and spend 10,000 THB on other eligible items, you can deduct the full 35,000 THB, staying within the program’s 50,000 THB cap.
What’s Not Eligible?
Some expenses are excluded from this program, such as:
- Alcohol, tobacco, fuel, and vehicles.
- Insurance premiums and utility bills.
- Long-term service agreements starting or ending outside the program period.
- Hotel accommodations and tourism services.
How to Claim Your Deduction
Follow these steps to ensure your deductions are accepted:
- Shop at Eligible Sellers: Confirm the seller is registered for e-Tax Invoices.
- Get Your e-Tax Invoice or e-Receipt: Ensure it includes your name, address, and tax ID (or personal ID number).
- Keep Your Receipts: These will automatically appear in your My Tax Account on the Revenue Department’s system, making filing a breeze.
Quick Tips:
- Verify the seller’s registration at Thailand Revenue Department’s e-Tax Search.
- Double-check receipts for accuracy, especially your tax ID.
Common Questions
Can I deduct repair costs for my car?
Yes, as long as the repair occurs within the program period, and you have an e-Tax Invoice.
What if the receipt has errors?
Minor mistakes in your name or address are acceptable, but your tax ID must be accurate.
Can I combine multiple receipts?
Yes, as long as the combined amount doesn’t exceed the deduction limits.
Why This Program Matters
“Easy E-Receipt 2.0” not only helps you save money but also promotes transparency and efficiency in Thailand’s tax system. By encouraging digital receipts, the program supports local businesses like OTOP and social enterprises, boosting economic growth and community development.
Steps to Prepare
- Plan Your Purchases: Focus on eligible items and services.
- Shop Smart: Support OTOP and social enterprises to maximize your deductions.
- File on Time: Keep track of deadlines to ensure you don’t miss out.
Don’t miss this opportunity to save up to 50,000 THB while supporting local businesses. Shop smart, keep your e-Receipts, and file your taxes with ease. Thailand’s “Easy E-Receipt 2.0” program is your ticket to simple and rewarding tax savings in 2025.
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