background image

Thailand Extends Incentives to Promote Electronic Tax Systems — Orbitax Tax News & Alerts

The Thai Revenue Department has announced the extension of incentives for electronic tax systems, including e-Tax Invoice and Receipt and e-Withholding Tax. The incentives include a 200% deduction for the costs to acquire computer hardware, software, etc. for electronic tax systems, as well as payments to service providers for the use of electronic tax systems. Further, a reduced withholding tax rate of 1.0% is provided on certain domestic payments when using the e-Withholding Tax system. Previously a reduced rate of 2.0% was provided. The incentives as extended apply from 1 January 2023 to 31 December 2025.