Thailand's Cabinet approval of the OECD-led Global Minimum Tax exchange signals a shift toward mandatory e-invoicing. The move will require businesses to adopt the ETDA Standard 3-2560 XML schema and meet a 15-day transmission rule. The policy also offers a 200% double-tax deduction and a 1% electronic withholding tax rate until December 2027.
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Nation Thailand · 5 months ago
Fitch Ratings warns that Thailand’s medium‑term fiscal framework relies on phased VAT increases that are politically difficult to implement, potentially delaying deficit reduction. The plan targets a 2.1% GDP deficit by FY2030, with VAT rising to 8.5% in FY2028 and 10% in FY2030. Political bargaining within the coalition government could jeopardise these fiscal objectives.
PKF Thailand · 6 months ago
This article explains how Thailand’s VAT rules treat trade and cash discounts, highlighting that only trade discounts granted at the time of sale and without conditions can be excluded from the VAT base. It cites the Revenue Department ruling No. Kor.Kor.0702/6077 (14 Oct 2025) that requires VAT to be calculated on the full selling price for conditional discounts, and notes that no VAT credit note can be issued when a deposit is refunded.
KLSE Screener · about 3 hours ago
Malaysia has required all taxpayers with annual revenue exceeding RM5 million to implement e-invoicing since 1 August 2024. The Inland Revenue Board has used e-invoice data to improve tax collection, and the cabinet is reviewing the system amid concerns from BN about its burden on traders.
International Tax Review · 3 days ago
Indonesia will bear VAT on domestic economy-class airline tickets during the 2026 school holiday period, as per Minister of Finance Regulation No. 43 of 2026. The incentive covers tickets purchased from 22 June to 5 July 2026 and flights operated between 24 June and 5 July, with airlines required to issue VAT invoices and submit a detailed electronic list by 30 September 2026.
LuatVietnam · 5 days ago
Vietnam's new Circular No. 84/2026/TT-BTC, effective 1 July 2026, introduces an electronic VAT refund system for foreigners and overseas Vietnamese, requiring sellers to enter invoices electronically and comply with customs and tax authority integration.
DevDiscourse · 5 days ago
New Zealand: The government plans to mandate e-invoicing for large businesses supplying government agencies from 1 January 2027, aiming to cut costs and improve cash flow. The initiative is expected to generate up to NZ$800 million in annual savings by streamlining invoice processing and reducing administrative work.
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Key Takeaways
From 1 July 2026, Thailand's Revenue Department requires all businesses to use the ETDA Standard 3-2560 XML schema for e-tax invoices and to transmit them within 15 days.
From 1 July 2026 until December 2027, Thailand provides a 200% double-tax deduction on e-tax invoice system investments.
From 1 July 2026 until December 2027, Thailand applies a 1% electronic withholding tax rate on e-tax invoices.
From 1 July 2026, Thailand mandates a 5-year electronic archiving period for XML e-tax invoices.
From 16 June 2026, Thailand will automatically exchange Global Minimum Tax information with partner countries under the OECD Pillar Two initiative.
Primary source
Read the full article at ComarchThis summary was published on VATfaqs.com on 7 July 2026. It relates to VAT developments in Thailand. The original source is Comarch.
