Thailand: Relaunch of the Shop and Payback Scheme 2022

published on 26 January 2022 | reading time approx. 1 minute

The Ministry of Finance relaunched the Shop Dee Mee Kuen (“Shop and Payback”) scheme in order to stimulate domestic spending and to boost the economy during the period from 1 January until 15 February 2022.

 
Individuals subject to personal income tax filing in Thailand can get a deduction on their assessed income of up to 30,000 baht for purchases of goods and services. The tax benefit will reduce personal income tax obligations under the Personal Income Tax filing for the year 2022 (form PND.90/PND. 91 – to be filed within March 2023).
 
Tax payers can save according to their individual top tax bracket, with high income earners being able to save tax up to 35 per cent of their purchases or up to 10,500 Baht. In order to benefit from the scheme, taxpayers need to request a full tax invoice/receipt for their purchases, indicating the name of the customer, personal tax ID and address.
 
Certain goods and services are excluded from the scheme such as alcohol, cigarettes, vehicles such as cars, motorcycles or ships, petrol for vehicles, newspapers or magazines, tourism and hotel expenses, utilities such as water, electricity, telephone and internet bills, fees for services, which would be used after the designated period, as well as insurance premiums.