Payment of stamp duty for electronic instruments
Keywords: Mazars, Thailand, Tax, Revenue Department, Stamp Duty
10 March 2023
The notifications are effective retroactively from 19 August 2022.
Electronic instruments subject to stamp duty under the notifications | |
1. Leases of land, buildings, other constructions, or floating houses | 2. Fixed deposit receipts of banks bearing interest |
3. Transfers of share(s), debentures, bonds, and certificates of debt issued by any company, association, body of persons, or organization | 4. Letters of credit |
5. Hire-purchase agreements | 6. Travellers’ cheques |
7. Hire-of-work agreements | 8. Carrier receipts |
9. Loan agreements or bank overdraft agreements | 10. Guarantees |
11. Insurance policies | 12. Pledges |
13. Authorization letters | 14. Warehouse receipts |
15. Proxy letters for voting in a meeting | 16. Delivery orders |
17. Bills of exchange or similar instruments used like bills of exchange for individual bills or instruments and promissory notes, or similar instruments used like promissory notes for each note or instrument | 18. Agency agreements |
19. Bills of lading | 20. Partnership agreements |
21. Share or debenture certificates, certificates of debt issued by any company, association, body of persons, or organization, and bonds of any government sold in Thailand | 22. Receipts issued in connection with a sale, a sale with the right of redemption, as well as the hire-purchase or transfer of ownership of a vehicle, but only if the vehicle is registered under the law governing such a vehicle |
23. Cheques or any written orders used in lieu of a cheque for each instrument |
Methods of paying stamp duty for electronic instruments | |
Electronic instruments executed from 19 August 2022 to 31 December 2023 | Paying in cash at local Revenue Department offices; or Paying through the Revenue Department’s e-filing system or application program interface (API) |
Electronic instruments executed from 1 January 2024 onward | Paying through the Revenue Department’s e-filing system or Application Program Interface (API) only |
Taxpayers must pay stamp duty before executing electronic instruments or within 15 days of the date of execution.
Sources:
https://www.rd.go.th/fileadmin/user_upload/kormor/newlaw/dgs66A.pdf
https://www.rd.go.th/fileadmin/user_upload/kormor/newlaw/dgs67A.pdf