Bangkok, The government’s deputy spokesman revealed the “Easy E-Receipt” measure, hoping to stimulate domestic consumption in early 2024, adding momentum to the overall economy to expand continuously. Expected to generate more than 70 billion baht in revenue. Shopping starts on 1 Jan. until 15 Feb. 2024.

Mrs. Radklao Inthawong Suwankiri, Deputy Spokesperson of the Prime Minister’s Office, revealed that the “Easy E-Receipt” measure is to support entrepreneurs in the tax system to use the electronic tax system. Including promoting the production of local products and reading. Encourage entrepreneurs to enter the tax system Using the electronic tax system and support domestic consumption in early 2024

Deputy Spokesperson of the Prime Minister’s Office said that these measures In order for those with income from 1 January 2024 – 15 February 2024 to have a duty to pay personal income tax. Does not include general partnerships or groups of persons that are not juristic persons. Deduction for purchases of goods or services in the Kingdom since According to the amount actually paid but not more than 50,000 baht only for those who receive e-Tax Invoice or e-Receipt only.

By allowing buyers to observe stores that have the Easy E-Receipt symbol along with e-Tax Invoice and e-Receipt, which have the following criteria and conditions:

1. In the case of purchasing goods or receiving services from a VAT registered operator. There must be a full tax invoice according to Section 86/4 of the Revenue Code in electronic form (e-Tax Invoice) along with the taxpayer identification number. (National Identification Number) of the purchaser of the product or the recipient of the service as well. The cost of purchasing goods or services that will receive the right does not include (1) the cost of purchasing liquor, beer, and wine (2) the cost of purchasing tobacco (3) the cost of purchasing a car motorcycles and boats (4) oil and gas costs for filling up vehicles (5) utility costs, water costs, electricity costs, telephone signal service costs and internet signal service fees (6) service fees that have a service agreement and the service recipient can use such services beyond the period from 1 January 2024 to 15 February 2024, and (7) property insurance premiums

2. In the case of purchasing goods or receiving services from product sellers or service providers who are not VAT registered operators. There must be a receipt according to Section 105 of the Revenue Code in electronic form (e-Receipt) along with the name, surname and taxpayer identification number. (National Identification Number) of the purchaser of the product or the recipient of the service as well. Only the cost of purchasing the following products or services: (1) the cost of purchasing books, newspapers, and magazines; (2) the cost of purchasing books, newspapers, and magazines in the form of electronic information via the Internet; and (3) the cost of purchasing the product One Tambon One Product. (OTOP) which has been registered with the Community Development Department.

‘The government moves forward to stimulate the economy with the Easy E-Receipt measure considered to be at the right time. Because it covers from New Year’s festival to Chinese New Year. It will be a driving force to support domestic consumption. Allow the overall economy to expand continuously and steadily. This is expected to create additional money circulating in the economy by approximately 70,000 million baht and stimulate GDP in 2024 to increase by approximately 0.18%,’ Mrs. Radklao said.

Source: Thai News Agency