Thailand Tax Invoices, Debit Notes, Credit Notes and VAT Records
Update | January 2015
The Thailand Revenue Department's new VAT compliance rules for tax invoices, debit notes credit notes and VAT records (as summarized in this Tax Insight) are now effective and VAT registrants need to comply with them from 1 Jan 2015.
Update | December 2013
On 26 December 2013, the Revenue Department issued a news bulletin advising that it had delayed the start date of the new VAT compliance rules in the DG's Notifications 194, 195, 196 and 197 from 1 Jan 2014 to 1 Jan 2015.
Tax Insight | May 2013
On 28 May 2013, the Thailand Revenue Department issued Notifications on VAT Nos 194, 195, 196 and 197 changing the VAT compliance rules for Tax Invoices, Debit Notes and Credit Notes, and for VAT Records. The new VAT compliance rules are as follows:
Tax Invoices, Debit Notes and Credit Notes
Tax Invoices for sales of goods or services, and Debit Notes and Credit Notes issued pursuant to sales of goods or services, shall record the following additional details:
Output VAT and Input VAT records shall record the following additional details:
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.