Extension of tax deduction for investing in an electronic tax system

Royal Decree No. 766, published in the Royal Gazette on 1 June 2023, extends the double tax deduction that corporate taxpayers can claim for investments in e-tax systems to 31 December 2025.

Keywords: Mazars, Thailand, Tax, Revenue Department, e-tax

17 July 2023

The following expenses related to e-tax systems incurred from 1 January 2023 to 31 December 2025 qualify for an additional corporate income tax deduction of 100% (i.e., a total deduction of 200%):

Costs associated with investments in an electronic tax system, including the purchase of a computer program, equipment for electronic data storage, or any other equipment necessary for the preparation, delivery, and maintenance of electronic tax invoices and receipts. The expenses related to repairing equipment to restore it to its original condition do not qualify.
Costs associated with investments in an electronic tax system, including the purchase of computer software, electronic certificate storage equipment, and other computer-related equipment used for tax payments. The costs of repairing equipment to restore it to its original condition do not qualify. These expenses can only be claimed by companies or partnerships that are qualified tax payment agents for withholding tax, income tax, or value-added tax under Section 3 quindecim of the Revenue Code and other tax payment agents.
Service fees paid to qualified service providers who prepare or deliver electronic data or tax payments.

The Director-General of the Revenue Department will provide the guidelines for the requirements and qualifications of this tax deduction at a later time.

Source: https://www.rd.go.th/fileadmin/user_upload/kormor/newlaw/dc766.pdf