Thailand eTax Invoicing
On 19 June 2017, the Director-General of Revenue issued Notification on e-Tax Invoicing BE 2560 for all businesses. This Notification repeals the Director-General's previous (BE 2555) Notification, which restricted e-Tax Invoicing to only those businesses with paid-up capital of 10 million Baht or more. This Tax Insight has been updated for the conditions in Notification BE 2560 (2017).
e-Tax Invoicing System for All Businesses
The Director-General’s Notification on e-Tax Invoicing BE 2560 issued on 19 June 2017 permits all businesses that are VAT registrants and that use a computerized accounting system for preparing, delivering and maintaining their Invoices to use the e-Tax Invoicing system for their Tax Invoices.
The conditions stipulated in the Notification on e-Tax Invoicing BE 2560 for the use of this system are as follows:
e-Tax Invoicing by Email System for SME Businesses
The Director-General's Notification on e-Tax Invoicing by Email BE 2560 permits operators of SME businesses who are VAT registrants but who do not use a computerized accounting system for preparing and maintaining their Tax Invoices, to use the e-Tax Invoicing by Email system by preparing their Tax Invoices in the form of either Microsoft Word (doc, docx) files, Microsoft Excel (xls, xlsx) files or Portable Document Format (pdf) files.
The conditions stipulated in the Notification on e-Tax Invoicing by Email BE 2560 for the use of this system are as follows:
International businesses should note that because of the high incidents of VAT fraud and evasion, e-Tax Invoicing in Thailand is controlled, not liberal like it is in Singapore. And as e-Tax Invoicing is new and experimental for Thailand Revenue Department officers you can expect implementation problems in Thailand.
This Tax Insight is general information only. It should not be used to determine any particular matter without consulting with an experienced Thailand tax advisor.