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VAT-Back Shopping Spree Program Begins

Shoppers can claim tax refunds on up to 30,000 baht in qualified purchases

Shopping Retail Mall Thailand Bangkok

Thailand’s Shop and Payback tax-rebate campaign kicked off Friday with the government encouraging Thais to shop and help stimulate the economy.

Shoppers can get a tax deduction of up to 30,000 baht on purchases of goods and services on the condition that they are not the holder of the government welfare card and never joined the public co-pay scheme.

Goods qualifying for the tax-rebate program must come from operators who registered for the value-added tax (VAT) or the vendors who issue complete tax invoices.

They include One-Tambon-One-Products (OTOP), books and electronic books.

The tax-rebate scheme does not cover liquor, beer, wine, tobacco, petrol, gas, cars, motorcycles, boats, tour guide services, hotel accommodations and some kinds of goods that are not subject to VAT such as fresh fruits, vegetables, meat, bullions, medical services and plastic surgery.

Spending for goods within Dec 31 can be deducted from taxable income for 2020 taxation.