New incentives to adopt E-Tax System
Thailand’s Revenue Authority has approved a number of incentives for taxpayers to fully adopt the E-Tax System, which provides for digital reporting of invoices and withholding tax payments. Incentives include:
- Additional deduction allowances for costs reporting in the system
- Lowered withholding tax rates when transactions are reporting on E-Tax
Compulsory reporting to government if e-invoices adopted
Thailand now requires taxpayers to submit electronic invoices to the government. The use of e-invoices is not compulsory; but since 2017 when adopted by any taxpayer, they must be submitted with the e-Tax and Invoice Receipt regime. Invoices are submitted in batch format by the 15th of the month following their issuance.
Our international live VAT invoice transaction and e-invoice tracker on real-time transaction-based tax reporting lists all the countries imposing transaction-based reporting.
Digital signature requirements
Prior to submission to the authorities, taxpayers must mark their invoices with a unique digital signature and number. This includes two digital signatures created by the prescribed means and supported by a certificate and the signatory’s certificate number
This is done with special hardware issued to the taxpayer, or a USB token.
Invoices may be in XML format. It also includes the requirements to report debit notes, credit notes and receipts.
How to submit Thai e-invoices
Invoices are submitted in batch mode. They are due by the 15th of the month to the Electronic Transactions Development Agency (ETDA) following their issuance. They are submitted in any of the following ways:
- For small taxpayers, via email in PDF format (separate ‘e-Tax Invoice by email’ regime). This is only available to businesses with a turnover below THB 30million. It also excludes the requirement to submit receipts.
- Web portal upload of XML file
- Via appointed e-invoicing agent since 2020
- Direct to the tax office with electronic link between ERP and ETDA
Asia Pacific e-invoicing
|Country||Date||Comments (click for details)|
|Australia||Jul 2023||PEPPOL-based e-invoicing with no govt intervention B2B|
|China||Jan 2023||Special e-fapiao VAT invoice being piloted with 2023 full implementation|
|India||Oct 2020||B2B pre-clearance with separate B2C; completed Apr 2021|
|Indonesia||Jul 2015||e-Factur Pajak electronic invoicing|
|Japan||Oct 2023||Tax qualified invoices|
|Kazakhstan||Jan 2017||e-invoicing IS ESF|
|Kyrgyzstan||May 2023||Mandatory e-invoicing for goods|
|Malaysia||Jun 2024||e-invoicing pre-clearance|
|Mauritius||2023||e-invoicing System with digital transaction reporting|
|New Zealand||Mar 2022||B2G PEPPOL-based e-invoicing|
|Philippines||Jan 2024||2022 pilot of e-invoices; to follow South Korea model|
|Singapore||TBC||Mandatory B2G e-invoicing on InvoiceNow|
|South Korea||2011||Near real-time invoice reporting|
|Taiwan||2017||Electronic GUI invoices; non-residents since 2020|
|Thailand||2018||E-invoice reporting where adopted|
|Vietnam||Nov 2021||Pre-clearance B2B verification code e-invoice|