Digital Tax Ecosystem in Thailand

Thailand is another Asian country where steps have been taken to digitize the tax system. The Thai government has set a goal to create a comprehensive digital tax ecosystem by 2028.

The Thai Revenue Department has taken steps to extend an infrastructure for electronic invoice exchange and reporting of account and tax information. It is to be based on the services of specialized service providers. An incentive for the development of this ecosystem will be the possibility of double deduction for investments made for the Electronic Tax System, and discounts for using the services of service providers of the e-tax system.

In addition to these activities, the Thai Tax Department has decided to support banks and service providers in helping their clients in the transformation phase. Previously, service providers acted only as intermediaries between taxpayers and the tax office, submitting electronic tax documents on their behalf. However, from July 2023, the role of service providers has expanded to include storing tax documents in electronic form.

E-invoicing Implementation Timeline

The full implementation of the Thai government's plan will take place in stages:

  • By 2024 - service providers must be able to issue invoices electronically, archive them and deliver them on behalf of taxpayers
  • By 2025 - large companies should be able to issue electronic invoices
  • By 2027 - large companies should be able to file their tax returns electronically
  • By 2028 - all entrepreneurs should have the ability to file taxes electronically

There’s more you should know about e-invoicing in Thailandlearn more about the new and upcoming regulations.

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