• New regulation for issuing e-tax invoices
Tax Updates:

New regulation for issuing e-tax invoices

22 July 2017

The Thai Revenue Department has announced a new regulation to permit small and medium enterprises to issue electronic tax invoices by email.

Since 2012, the Revenue Department has allowed approved companies with registered capital of Baht 10 million or more to prepare and issue tax invoices electronically.

Under the new regulation, the criteria for granting approval to a VAT registrant to issue e-tax invoices by email include:

  • The VAT registrant is an individual who has annual revenue of not more than Baht 30 million for the 2015 tax year or a company or juristic partnership that has annual revenue of not more than Baht 30 million for the financial year commencing on or after 1 January 2015 onwards
  • Not being a VAT registrant in the process of obtaining approval or was approved under the regulation announced in 2012
  • Having no record of using fake tax invoices or tax evasion

The regulation requires e-tax invoices to be issued using a new system jointly developed by the Revenue Department and Electronic Transactions Development Agency (ETDA). A VAT registrant will be required to send the e-tax invoice to its customer by email and copy such email to ETDA.

After the email has been sent to ETDA, the system will stamp the time and resend the tax invoice to the VAT registrant and his customer for their reference.