On 7 January 2025, the Thai Ministry of Finance issued the ministerial regulation (No. 397) B.E. 2568 introducing the tax deduction measure under the name of ‘Easy E-Receipt 2.0’. This ministerial regulation aims to stimulate the domestic economy in 2025 by encouraging the consumption of domestic goods and services.
Under this ministerial regulation, taxpayers are eligible to claim deductions for purchases of domestic goods and services during 16 January 2025 to 28 February 2025 up to a total of 50,000 THB which including:
- Deductions from the actual amount spent on goods and services with complete electronic tax invoices (E-Tax Invoice) under Section 86/4 of the Thai Revenue Code (“TRC”) from VAT-registrant operator or electronic receipts (e-Receipt) under Section 105 of the TRC from non-VAT registrant operator up to 30,000 THB.
- Additional deductions from the actual amount spent on One Tambon One Product (“OTOP”) products, community enterprise goods, and social enterprise services provided that such products must be officially registered up to 20,000 THB.
Regarding the eligible purchases from non-VAT registrant operator, it shall include books, newspapers, magazines, e-books, registered products from OTOP and, goods and services from registered community and social enterprises. However, certain purchases are excluded from this measure such as alcohol, tobacco, fuel, vehicles, utilities, insurance premiums, and travel-related services.
This measure shall exclude ordinary partnerships or groups of persons that are not considered as juristic entities.
The criteria, methods, and conditions shall be further prescribed by the Director-General of the Revenue Department.