PUBLISHED: 25 Dec 2024 at 04: 00
According to Deputy Finance Minister Julapun Amornvivat, the government approved the “easy e-receipts” system where ready payments can be deducted from personal income tax yesterday.
E-receipts may be obtained on a limited number of purchases starting January 16 through February 28 of the following month. They can be used to withdraw taxes during the tax year in 2026.
The value of purchases under the tax rebate programme is capped at 50, 000 baht per person: up to 30, 000 baht worth of goods sold at shops registered for value-added tax (VAT ), and up to 20, 000 baht worth of goods sold at community enterprise outlets or One-Tambon-One-Product ( Otop ) shops. Purchases not ready for the program include wine, beer, cigarette, cars, insurance policies, diesel and internet fees.
According to Mr. Julapun, the initiative is anticipated to bring in about 70 billion ringgit. He added that, contrary to earlier speculation, the quick e-receipt program does not apply to travel costs or buying of packaged tours. Since the high season is still in full swing, this might not be the best day to encourage hospitality.
The government also approved the second phase of the 10,000-baht money flyer program for people over 60 who had previously applied for Tang Rath. Recipients may make less than 840, 000 ringgit a year with mixed discounts in the banks of less than 500, 000 ringgit.
According to Mr. Julapun, they will receive the gift through the PromtPay bill system before January 29.