accountants and business advisers
13 Nov 2017
The Thai Government has announced that persons filing 2017 Personal Income Tax (PIT) in Thailand can use the actual costs of goods and services paid up to THB 15,000 from 11th November to 3rd December as PIT deductions on their 2017 PIT returns. To take advantage of this tax break, you must have legal Tax Invoices issued by the sellers or service providers to support these actual costs.
The proper Tax Invoice you obtain from the sellers or service providers must include your personal your full name, your Passport/ID Number, your Tax Identification Number, and your address. According to Thai Revenue Department offices contacted by PKF, either your work address or your personal address can be used. Another important point to remember about the proper Tax Invoices, as required by the Thai Revenue Code, includes:
Which types of goods can be used as tax deductions?
The goods that can be used as tax deductions must be the goods which are subjected to VAT; such as:
The goods that cannot be used for this tax deductions (e.g., goods exempt from VAT) include the following:
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