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.
Manila Times · about 11 hours ago
Philippines: The Supreme Court has upheld the constitutionality of the VAT refund law for foreign tourists, confirming that the incentive is a valid policy measure to promote tourism. The law allows non-resident foreign tourists to claim VAT refunds on purchases of at least P3,000 per transaction from accredited retailers, provided the goods are taken out of the Philippines within 60 days of purchase.
Deloitte · about 12 hours ago
Philippines' VAT refund rules have evolved significantly since 1987, with recent changes under the Create More Act affecting zero-rated taxpayers. The Supreme Court clarified processing periods and documentation requirements in December 2025, tightening the 90+30 day rule.
ManilaTimes · about 16 hours ago
Philippines Supreme Court upholds constitutionality of VAT refund law for foreign tourists, confirming the policy as a valid tourism incentive.
Global Nation · about 16 hours ago
Philippines Supreme Court declares VAT refund for foreign tourists constitutional, upholding Republic Act No. 12079. The decision affirms the state’s right to offer fiscal incentives to boost tourism without violating equal protection.
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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.
