New VAT Compliance Rules, effective 2014

In an effort to reduce VAT fraud, the Revenue Department has introduced new VAT compliance rules which require a VAT operator to add certain information on tax invoices, debit/credit notes, and VAT records, according to the VAT Notifications 194 – 197.

Keywords: Mazars, Thailand, Tax, VAT, Revenue Department

09 July 2013

The new compliance rules can be summarized as follows:

1. Tax invoices issued for sales of goods or services on or after 1 January 2014, including debit and credit notes issued with reference to such invoices, shall contain the following details:

  • Tax identification number of purchasers of goods or services; and
  • The wording “Head Office” or “Branch No. …” which is the seller’s place of business from which such tax invoice, debit or credit note is issued; and
  • The wording “Head Office” or “Branch No. ….” which is the purchaser’s place of business to which such goods or services are sold or provided.

2. The following details shall be added in output VAT records and input VAT records prepared on or after 1 January 2014:

  • Tax identification number and the place of business (i.e. “Head Office” or “Branch No. …”) of purchasers of goods or services shall be added in output VAT records prepared by the seller of goods or services.
  • Tax identification number and the place of business (i.e. “Head Office” or “Branch No. …”) of sellers of goods or services shall be added in input VAT records prepared by the purchaser of goods or services.

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