Tax deduction for New Year shoppers

Tax deduction for New Year shoppers

The decoration for a department store in Bangkok during the festive season. (Bangkok Post file photo)
The decoration for a department store in Bangkok during the festive season. (Bangkok Post file photo)

The government will allow Thai shoppers a tax deduction of up to 15,000 baht on receipted goods and services purchased during the festive season, from Dec 25-31, as a New Year gift to the people.

The Finance Ministry proposed the measure to the cabinet meeting on Tuesday, with an official announcement expected on Friday.

Shoppers wil have buy from businesses registered for value added tax (VAT) and will need to get a full receipt with the seller's tax registration included.

The allowable deductions will not include liquor, beer, wine, tobacco, cigarettes, vehicle fuel, automobiles, motorcycles and boats.

Do you like the content of this article?
COMMENT (6)