Thailand e-Tax Invoicing
Update | March 2017
On 01 March 2017, Thailand's Director-General of Revenue issued Notification on e-Tax Invoicing by Email BE 2560 allowing businesses with annual revenue of not more than 30 million Baht to use the e-Tax Invoicing by Email system.
The Director-General’s Notification BE 2560 prescribes that VAT registrants who want to use the e-Tax Invoicing by Email system shall:
Tax Insight | January 2012
On 23 January 2012, Thailand's Director-General of Revenue issued Notification BE 2555 permitting the issuance, receiving and storage of Tax Invoices, Receipts, Debit Notes and Credit Notes in electronic format for the purpose of documentary evidence for the Revenue Code laws, but not for all VAT registrants.
The Director-General’s Notification BE 2555 prescribes that VAT registrants who want to issue receive and store Tax Invoices, Receipts, Debit Notes and Credit Notes in electronic format shall:
International businesses need to be aware that because of the high incidents of VAT fraud and evasion in Thailand, e-Invoicing in Thailand is a controlled system, not a liberal one like it is in Singapore, for example. And as e-Invoicing is new and experimental for the Thailand Revenue Department officers, international businesses can expect to have implementation problems in Thailand.
This is a general information Tax Insight Article only. It should not be used to determine any matter without consulting with an experienced Thailand tax advisor.