Covid Relief - Tax Cuts

  

The most recent scheme called Shop Dee Mee Kuen (“Shop and Payback”) allows for individuals subject to Personal Income Tax filing in Thailand to get a deduction on their assessed income of up to 30,000 baht for purchases of goods and services. Those purchases must be made in the period from 1 January 2022 until 15 February 2022. 

  

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 may benefit according to their individual top tax bracket, with high income earners being able to save tax up to 35 percent 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.