Post by Fletchsmile on Dec 15, 2016 14:35:10 GMT 7
For Thai taxpayers to perhaps make Xmas that little bit cheaper: 15k allowance on shopping between 14 Dec - 31 Dec. That's longer than last year so less of a rush 
This is in addition to the 15k on domestic tourism recently announced
Don't forget to get your receipts for tax purposes to file with your tax claim
======================================================
Year-end shopping tax break approved
The cabinet yesterday approved the much-awaited shopping tax break, a short-term measure to stimulate year-end domestic consumption.
The government expects the festive tax break will catalyse 20 billion baht of spending from Dec 14-31 and add 0.2% to Thailand's gross domestic product (GDP) growth this year.
The tax incentive will allow each individual taxpayer to deduct the value of domestic purchases of goods and services from personal income taxes during Dec 15-31, an increase of 11 days from last year's seven days.
The tax deduction will be capped at 15,000 baht, as it was last year.
The offer is not valid for purchases of liquor, beer, wine, tobacco, vehicles, motorcycles, ships or fuel for vehicles and ships.
The measure also omits purchases of lodging and tour packages, as the cabinet just recently approved tax measures for domestic tourism.
On Nov 29, the cabinet approved a reinstatement of tourism stimulus measures, including a 15,000-baht tax break on domestic tour packages and hotel accommodation for individual taxpayers.
contd....
www.bangkokpost.com/business/news/1158845/year-end-shopping-tax-break-approved
This is in addition to the 15k on domestic tourism recently announced
Don't forget to get your receipts for tax purposes to file with your tax claim
======================================================
Year-end shopping tax break approved
The cabinet yesterday approved the much-awaited shopping tax break, a short-term measure to stimulate year-end domestic consumption.
The government expects the festive tax break will catalyse 20 billion baht of spending from Dec 14-31 and add 0.2% to Thailand's gross domestic product (GDP) growth this year.
The tax incentive will allow each individual taxpayer to deduct the value of domestic purchases of goods and services from personal income taxes during Dec 15-31, an increase of 11 days from last year's seven days.
The tax deduction will be capped at 15,000 baht, as it was last year.
The offer is not valid for purchases of liquor, beer, wine, tobacco, vehicles, motorcycles, ships or fuel for vehicles and ships.
The measure also omits purchases of lodging and tour packages, as the cabinet just recently approved tax measures for domestic tourism.
On Nov 29, the cabinet approved a reinstatement of tourism stimulus measures, including a 15,000-baht tax break on domestic tour packages and hotel accommodation for individual taxpayers.
contd....
www.bangkokpost.com/business/news/1158845/year-end-shopping-tax-break-approved
