Payment of stamp duty for electronic instruments

The Revenue Department issued Notifications of the Director-General on Stamp Duty No. 66 and No. 67 on 1 February 2023 to specify the methods to be used for paying stamp duty on electronic instruments executed from 19 August 2022 to 31 December 2023.

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

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